COST AND TIME PERFORMANCE INFORMATION OF BUILDING PROJECTS IN DEVELOPING ECONOMY

Amusan, L. M. and Joshua, Opeyemi (2017) COST AND TIME PERFORMANCE INFORMATION OF BUILDING PROJECTS IN DEVELOPING ECONOMY. International Journal of Mechanical Engineering and Technology (IJMET), 8 (10). pp. 918-927. ISSN Print: 0976-6340 and ISSN Online: 0976-6359

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Abstract

The construction industry plays a very important role in nation development and in construction project delivery and timely provision of shelter and dwelling units for the masses. The aim of the study therefore is to study cost and time performance on building project in developing economy, with a view to finding ways of improving cost and time performance on building projects. Some of the developing in used in this context includes: Nigeria, Togo, Cameroun, and Ghana. A population size of 70 was selected, and a total sample size of 59 respondents was used in this study, with questionnaire distributed to construction professionals. Variables pertaining to the above listed targets were identified and incorporated into questionnaires as the primary source of data. The data was collated and analysed, using mean item score ranking, percentages and the use of descriptive statistics. It was discovered that variables like rising prices of building materials, inclusion of additional work as a result of clients’ request, deterioration in economic situation, were identified as the top causes of variation in construction project from developing countries. Also, cost, poor planning and scheduling, delay in payment approval for additional work, work suspension by client, were identified as top causes of time and cost variations. The study recommend among other things that: full consideration should be given to projects from inception to completion, adequate and effective consultancy services for clients, as well as strict follow up of programme of works by every contractor for a construction project.

Item Type:	Article
Subjects:	T Technology > TA Engineering (General). Civil engineering (General)
Divisions:	UNSPECIFIED
Depositing User:	Dr. Opeyemi Joshua
Date Deposited:	15 Nov 2017 11:27
Last Modified:	15 Nov 2017 11:27
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/9643

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