Analysis of Factors Influencing Time and Cost Overruns on Construction Projects in South Eastern Nigeria

Analysis of Factors Influencing Time and Cost Overruns on Construction Projects in South Eastern Nigeria

Author: E.C. Ubani

Publisher:

Published: 2016

Total Pages: 12

ISBN-13:

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This study identifies and examines the factors influencing time and cost overruns on construction project in the south eastern Nigeria. The high level of dilapidation and deterioration of roads and other construction infrastructural facilities seen in this zone could be attributed to abysmal performance of construction project management. Survey technique with area and random sampling procedures were employed for the study. The primary data were obtained with the instrument of weighted scaled questionnaires the respondents to the questionnaire are clients, contractors and consultants from five states of south eastern Nigeria. A total of 110 and 42 hypothetical cost and time overruns respectively were identify for analysis. The methods of data analysis were spearman's rank correlation coefficient and Kendall's coefficient of concordance with the hypothesis tested at 5% level of significant so as to determine the degree of agreement amongst the parties. The results of this study have shown that the three parties to a project are in agreement that materials factor and external factor groups have indeed contributed immensely to delays on construction projects, while projects, contractor's responsibilities, consultant's responsibilities, client's responsibilities, professional management, design and documentation, execution, labour and equipment, contractual relationship, government relations, time overruns; cost overrun and all together (time and cost overruns) factors have not greatly influenced delays on construction projects. Based on these results it is recommended that client's, contractor's and consultant's should pay more attention to both material and external factors for there to be effective and efficient delivery on construction projects at the right time and cost.


Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate

Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate

Author: K. W. Chau

Publisher: Springer

Published: 2017-12-18

Total Pages: 1500

ISBN-13: 9811061904

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This book presents the proceedings of CRIOCM_2016, 21st International Conference on Advancement of Construction Management and Real Estate, sharing the latest developments in real estate and construction management around the globe. The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with the University of Hong Kong. Written by international academics and professionals, the proceedings discuss the latest achievements, research findings and advances in frontier disciplines in the field of construction management and real estate. Covering a wide range of topics, including building information modelling, big data, geographic information systems, housing policies, management of infrastructure projects, occupational health and safety, real estate finance and economics, urban planning, and sustainability, the discussions provide valuable insights into the implementation of advanced construction project management and the real estate market in China and abroad. The book is an outstanding reference resource for academics and professionals alike.


The Construction Industry in the Fourth Industrial Revolution

The Construction Industry in the Fourth Industrial Revolution

Author: Clinton Aigbavboa

Publisher: Springer

Published: 2019-08-09

Total Pages: 608

ISBN-13: 3030265285

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This book gathers papers from the 11th Construction Industry Development Board (cidb) Postgraduate Research Conference, held on 28–30 July 2019 in Johannesburg, South Africa. The conference provided an essential forum for reviewing and generating knowledge on Construction 4.0 and, consequently, highlighted processes and practices that allow us to deliver and operate built environment assets more effectively and efficiently by focusing on physical-to-digital and digital-to-physical transformation. The event addressed three broad themes: Industrial production (prefabrication, 3-D printing and assembly, offsite and advanced manufacturing); Cyber-physical systems (actuators, sensors, IoT, robots and cobots for repetitive and dangerous tasks, and drones for mapping, progress monitoring, safety and quality inspections, lifting, moving and positioning); and Technologies (digital ecosystems, digital platforms, BIM, video and laser scanning, AI and cloud computing, big data and data analytics, reality capture, blockchain, simulation, virtual and augmented reality, data standards and interoperability, and vertical and horizontal integration). Given its scope, the book will be of interest to all construction industry and architectural professionals who want to learn about cutting-edge technologies applied to construction


Effectiveness of Risk Monitoring. The project life cycle of a construction project in Port Harcourt, Nigeria

Effectiveness of Risk Monitoring. The project life cycle of a construction project in Port Harcourt, Nigeria

Author: Newman Enyioko

Publisher: GRIN Verlag

Published: 2020-05-14

Total Pages: 21

ISBN-13: 3346167585

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Research Paper (postgraduate) from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 4.5, , course: Business Economics, language: English, abstract: The paper evaluated the effectiveness of risk monitoring through the project life cycle of a construction project of a shopping center in Port Harcourt. In line with this need, this paper established a system to improve the time, cost and quality performance of building construction projects in developing countries through a comprehensive risk management model that ensures that the expectations of clients are met. To achieve the aim of this paper, a mixed methodological approach was adopted. Through the review of literature, a conceptual risk management framework suitable to elaborate risk assessment of building construction projects especially for developing countries was developed. The result showed the interrelation between the risk factors and how they contributed to cost and time overruns as well as quality problems.


CIB Proceedings 2015: Going north for sustainability: Leveraging knowledge and innovation for sustainable construction and development

CIB Proceedings 2015: Going north for sustainability: Leveraging knowledge and innovation for sustainable construction and development

Author: Prof. Charles Egbu

Publisher: Lulu.com

Published: 2015

Total Pages: 624

ISBN-13: 1326479512

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This International Conference is about sustainability in its wider sense. It is an important area of discourse, as it pertains to how we work and how we lead our lives while considering the lives and workplaces of future generations. The conference particularly sets out to explore some of the developments and challenges taking place in academia and industry in both the Northern and Southern hemispheres. The conference is entitled "Going north for sustainability". The North signifies progress in technology, education and other areas of human endeavour to many people. Progress requires that people learn across continents and cultures.


A study investigating the factors that cause delays and cost overruns in construction projects in India

A study investigating the factors that cause delays and cost overruns in construction projects in India

Author: Kushal Agrawal

Publisher: diplom.de

Published: 2014-02-01

Total Pages: 47

ISBN-13: 395489713X

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Anyone who has got a rework or renovation work done in their house can tell you what a troublesome activity it is. Not only that, it seems to take forever to be completed and is heavy on the wallet. Even an international icon like the Sydney Opera house, which has always been Australia’s pride, was delayed by 10 years with its budget shooting up by 14.5 times its estimated budget of $7 million. There are plenty of such examples available. It is very common for construction projects to get delayed and outrun their budget. This is a tough scenario faced by almost all projects around the world, with India not being an exception. Thus, the researcher has undertaken this research to investigate the factors responsible for delays and cost overruns. Both secondary research and primary research have been carried out and the barriers have been identified. Such barriers create problems that hinder the efficiency and progress of a project, making it lag behind its schedule. The factors identified in the secondary research are compared to the findings of the primary research to see if they hold true in the Indian context.


Construction Digitalisation

Construction Digitalisation

Author: Douglas Aghimien

Publisher: Routledge

Published: 2021-07-25

Total Pages: 181

ISBN-13: 1000415953

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This book explores construction digitalisation, particularly in developing countries. The book conceptualises a digitalisation capability maturity model that will enable construction organisations to self-assess and benchmark their digital capabilities in their quest for digital transformation. Digitalisation offers a significant solution to the age-long problems of the construction industry. Research shows that when construction organisations transform from a traditional service delivery approach to a more digitalised approach, significant improvement in project delivery and better competitive advantage for these organisations will be attained. The attainment of these benefits is evident in developed countries where the digitalisation of construction activities continues apace. Unfortunately, the story is not the same for construction organisations in developing economies. While some organisations might be willing to be digitally transformed, most have no clue how to go about it. To this end, this book provides guidelines for construction organisations seeking to transform their entities digitally. Its content is a valuable read for construction company owners as it provides a model which they can use in the digitalisation of their activities. Also, regulatory bodies in the construction industry can adopt the capabilities identified in the book as essential prerequisites for their members. Furthermore, the book serves as excellent theoretical background reading for management researchers seeking to expand their knowledge on the digitalisation of the construction industry and other associated industries.


New Code of Estimating Practice

New Code of Estimating Practice

Author: The Chartered Institute of Building

Publisher: John Wiley & Sons

Published: 2018-05-29

Total Pages: 293

ISBN-13: 1119329469

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The essential, authoritative guide to providing accurate, systematic, and reliable estimating for construction projects—newly revised Pricing and bidding for construction work is at the heart of every construction business, and in the minds of construction consultants’ poor bids lead to poor performance and nobody wins. New Code of Estimating Practice examines the processes of estimating and pricing, providing best practice guidelines for those involved in procuring and pricing construction works, both in the public and private sectors. It embodies principles that are applicable to any project regardless of size or complexity. This authoritative guide has been completely rewritten to include much more contextual and educational material as well as the code of practice. It covers changes in estimating practice; the bidding process; the fundamentals in formulating a bid; the pre-qualification process; procurement options; contractual arrangements and legal issues; preliminaries; temporary works; cost estimating techniques; risk management; logistics; resource and production planning; computer-aided estimating; information and time planning; resource planning and pricing; preparation of an estimator’s report; bid assembly and adjudication; pre-production planning and processes; and site production. Established standard for the construction industry, providing the only code of practice on construction estimating Prepared under the auspices of the Chartered Institute of Building and endorsed by a range of other professional bodies Completely rewritten since the 7th edition, to include much more contextual and educational material, as well as the core code of practice New Code of Estimating Practice is an important book for construction contractors, specialist contractors, quantity surveyors/cost consultants, and for students of construction and quantity surveying.


Megaprojects and Risk

Megaprojects and Risk

Author: Bent Flyvbjerg

Publisher: Cambridge University Press

Published: 2003-02-13

Total Pages: 226

ISBN-13: 9780521009461

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Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is a fascinating account of how the promoters of multi-billion dollar megaprojects systematically and self-servingly misinform parliaments, the public and the media in order to get projects approved and built. It shows, in unusual depth, how the formula for approval is an unhealthy cocktail of underestimated costs, overestimated revenues, undervalued environmental impacts and overvalued economic development effects. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors. The authors not only explore the problems but also suggest practical solutions drawing on theory, experience and hard, scientific evidence from the several hundred projects in twenty nations and five continents that illustrate the book. Accessibly written, it will be the standard reference for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come.


Schedule Delay Analysis

Schedule Delay Analysis

Author: American Society of Civil Engineers

Publisher:

Published: 2017

Total Pages: 25

ISBN-13: 9780784414361

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Standard ANSI/ASCE/CI 67-17 presents 35 guiding principles that can be used on construction projects to assess responsibility for delays and to calculate associated damages.