ABSTRACT
It is interesting to bring to light the demands challenges and development in the twenty-first century the key role of the quantity surveying profession in the economic with emphasis on an appraisal of the quantity surveyor cost control in Nigeria construction industry. The work shall attempt to explore the quantity surveyor who is essentially cost expert whose prime task is to ensure that contract sum of project is kept within the client’s approved budget (cost limit) and resources of the construction industry are used efficiently to serve the best interest of the society. These factors of control of cost of project by design the team throughout both design and constructional processes and the methods by which the contractor monitors and regulates the cost of construction on site are the chief concern of the quantity surveyor which will be will be treated in this work. This work shall be of vital benefit to client consultant etc on an effective cost control procedure both pre-contract and post contract stages of the project to keep its cost within the budget cost limit and quality balance of time in the construction industry.
TABLE OF CONTENT
TITLE PAGE ………………………………………………………………………..i
CERTIFICATION ...………………………………………………………………...i
DEDICATION………..……………………………………………………………..ii
ACKNOWLEDGEMENT……………………………………………………….…iii
SYNOPSIS ……………………………………………………………………..…vi
TABLE OF CONTENT …………………………………………………………....v
LIST OF TABLES…………………………………………………………....……vi
CHAPTER ONE
1.0INTRODUCTION ……………………………………………………….….1
1.1.BACKGROUND TO THE STUDY …………………………………..…...1
1.2.STATEMENT OF THE PROBLEM ……………………………………....5
1.3.THE STUDY OBJECTIVES ………………………………………………5
1.4.RESEARCH QUESTIONS………………………………………………...6
1.5.HYPOTHESIS………………………………………………………………6
1.6.THE SIGNIFICANCE OF THE STUDY…………………………………..6
1.7.THE SCOPE AND LIMITATION………………………………………….7
1.8.DEFINITION OF TERMS………………………………………………….7
CHAPTER TWO
2.0LITERATURE REVIEW .......................................................................9
2.1QUANTITY SURVEYORS COST CONTROL ACTIVITIES IN NIGERIA CONSTRUCTION INDUSTRY…………..9
2.1.1.FEASIBILITY STUDIES…………………………………………………10
2.1.2.PRELIMINARY COST ADVISE…………………………………………10
2.1.3.COST PLANNING……………………………………………………..…11
2.20.THE PRACTICE OF CONTRACTING IN CONSTRUCTION INDUSTRY…………………...12
2.2.1.BUDGETARY CONTROL IN CONSTRUCTION INDUSTRY………..13
2.2.2.PROJECT EXECUTION ………………………………………………...14
2.2.3.DUE PROCESS…………………………………………………………..16
2.3.0.TENDERING AND ESTIMATING ……………………………………...16
2.3.1.TENDERING PROCEDURE ……………………………………………18
2.3.2.OPEN TENDERING ……………………………………………………..20
2.3.3.SELECTING TENDERING ……………………………………………...20
2.3.4.NEGOTIATE TENDERING………………………………………………21
2.4.0.COST CONTROL…………………………………………………………22
2.4.1.PRE CONTRACT COST CONTROL…………………………………...22
2.4.2.POST CONTRACT COST CONTROL…………………………………22
2.5.VARIATIONS……………………………………………………………...23
2.6.FINANCIAL REPORTING………………………………………………..24
2.7.FINAL ACCOUNT…………………………………………….................24
2.8.0.THE QUANTITY SURVEYOR IN THE NIGERIA CONSTRUCTION INDUSTRY…...........................25
2.8.1.ACCOUNTABILITY …..……………………………………………........26
2.8.2.MANAGEMENT OF INFLATION AND RISK FACTORS…………….26
2.8.3.ENSURING VALUE FOR MONEY…………………………………..…27
2.8.4.ELIMINATING PROJECT ABANDONMENT…………………………..28
2.8.5.MAINTAINING COST DATA FOR THE CONSTRUCTION INDUSTRY…........................28
2.8.6.BUDGET ANALYSIS OF ALL CONSTRUCTION PROPOSAL…...…29
2.8.7.ENSURING EFFECTIVE FINANCIAL MANAGEMENT WITHIN CONTRACTING ORGANIZATION …...…29
2.8.8.ARBITRATION AND DISPUTE RESOLUTION…………………….…30
CHAPTER THREE
3.1.RESEARCH METHODOLOGY …………………………………………31
3.2.POPULATION OF STUDY ……………………………………………...31
3.3.SAMPLING DESIGN AND PROCEDURE ………………………….…32
3.4.DATA COLLECTION INSTRUMENT ………………………………..…32
CHAPTER FOUR
4.0.PRESENTATION AND ANALYSIS OF DATA…………………………33
CHAPTER FIVE
5.0.FINDINGS, CONCLUSION AND RECOMMENDATION……………..44
5.1.FINDINGS…………………………………………………………...........44
5.2.CONCLUSION…………………………………………………………….45
5.3.RECOMMENDATION……………………………………………...........47
5.3.REFERENCE……………………………………………........................49
APPENDIXES………….…………………………………………….................54
LIST OF TABLES
1.Breakdown of the distribution and response
2.Type of organization
3.Designation
4.Area of Specialization
5.Academic qualification
6.Professional qualification
7.Quantity surveyor’s major role
8.Quantity surveyor’s ability to achieve reduction in cost.
9.Assessment of the impact of quantity surveyors in contract administration in the Nigeria Construction Industry
10.Occurrence of corrupt practice during selection of contractors
11.Positive impact of quantity surveyors in the Nigeria construction industry
12.Frequency of involvement of quantity surveyor in cost control
13.Factors affecting cost control of construction project in Nigeria
14.Stages of project development for which other consultants and clients are willing to appoint quality surveyors.
15.Adequacy of Nigeria quantity surveyors in terms of numerical strength and qualitative competence.