Frequency of change in construction project cost in Kaduna metropolise Nigeria

Aliyutj Dalhatu 99 PAGES (21101 WORDS) Thesis
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Abstract

This project research assessed the frequency of change in construction project cost in Kaduna metropolis Nigeria. Change was characterised by escalation, discrepancies, overrun and variation of budgeted sum caused by factors like Fluctuation of prices, Shortage of Materials/ Scarcity, Delay in completion, Government policy and officials, Dependency on imported materials, Project fraud and corruption etc., while construction project cost comprises of the cost of labour, cost of material, cost of plant and profit. The study was intended to assess the frequency of change in construction project cost and to recommend ways to reduce change in cost of project in Kaduna metropolis Nigeria. This was in view with the situation that construction projects suffered many setbacks as a result of change in its cost. The study was conducted through cross-sectional survey; data was collected in December 2015, using questionnaire techniques from 65 construction processionals randomly selected from accessible population, analysed using simple descriptive technique and presented in tables and figures. The study established that the frequency of change in construction project cost in Kaduna metropolis has a negative implication. The study concludes that the negative implication has effect on the construction project cost in Kaduna metropolis Nigeria. It recommends that much focus should be placed on the major factors affecting construction cost in order to reduce the cost of construction, enhance construction performance and generate confidence within the construction industry. It also recommend that contractors should come up with a clear plan and strategy before starting a project, early project planning and scheduling of labour, equipment and cash, combined with a good bidding strategy, will help to obtain efficient work at a proper price. It further recommend that clients should clearly identify their requirements and needs, whether they are able to achieve them with their financial capability in order to reduce payment problems and there should be proper coordination and communication among various parties working on the project in order to improve management, control problems and reduce any avoidable delay. finally contractors and Consultants should work together to ensure that they give the Client quality for his money without exceeding the contract sum and all parties should take responsibility to make use of the proffered solutions to reduce cost of construction.


Keywords: frequency, change, construction project cost, escalation, discrepancies, overrun, variation, Fluctuation of prices, cross-sectional survey etc.







Table of Contents

Declaration ii

Certification iii

Acknowledgement iv

Abstract v

Table of Contents vi

List of Tables ix

Table of Figures x

CHAPTER ONE: INTRODUCTION 1

1.1 Background of the Study 1

1.2 Statement of Problem 4

1.3 Aim and Objectives of the Study 4

1.4 Research Questions 5

1.5 Significant of the Study 5

1.6 Scope of the Study 6

1.7 Research Methodology 6

1.8 Definition of Terms 6

CHAPTER TWO: LITERATURE REVIEW 8

2.1. Introduction 8

2.2 The Nigerian Construction Industry 8

2.3 The Roles of Construction Actors in Construction cost 9

2.3.1 The client 9

2.3.2 The consultant 10

2.3.3 The contractor 10

2.4 Component of Building Prices 10

2.4.1 Labour element 11

2.4.2 Material element 11

2.4.3 Plant element 12

2.4.4 Overhead 13

2.5 Stages of Construction Project Cost 13

2.5.1 Initial cost 13

2.5.2 Pre-Design costing 14

2.5.3 Final cost 15

2.6 Change in Construction Project Cost 16

2.7 Factors that Causes Change in Construction Project Cost 17

2.7.1 Fluctuations of prices 26

2.7.2 Shortage of materials/ scarcity 27

2.7.3 Architect instructions/ variation 28

2.7.4 Delay in completion 29

2.7.5 Government policies and officials 30

2.7.6 Dependency on imported material. 31

2.7.7 Project fraud and corruption. 32

2.7.8 Inflation of prices 33

2.7.9 Effects of weather 33

2.7.10 Inadequate production of raw materials

Chapter 3

Chapter 4

Chapter 5


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APA

Aliyutj, D (2019). Frequency of change in construction project cost in Kaduna metropolise Nigeria. Afribary.com: Retrieved August 25, 2019, from https://afribary.com/works/frequency-to-change-in-construction-project-cost-in-kaduna-metropolise-nigeria

MLA 8th

Dalhatu, Aliyutj. "Frequency of change in construction project cost in Kaduna metropolise Nigeria" Afribary.com. Afribary.com, 27 Jul. 2019, https://afribary.com/works/frequency-to-change-in-construction-project-cost-in-kaduna-metropolise-nigeria . Accessed 25 Aug. 2019.

MLA7

Dalhatu, Aliyutj. "Frequency of change in construction project cost in Kaduna metropolise Nigeria". Afribary.com, Afribary.com, 27 Jul. 2019. Web. 25 Aug. 2019. < https://afribary.com/works/frequency-to-change-in-construction-project-cost-in-kaduna-metropolise-nigeria >.

Chicago

Dalhatu, Aliyutj. "Frequency of change in construction project cost in Kaduna metropolise Nigeria" Afribary.com (2019). Accessed August 25, 2019. https://afribary.com/works/frequency-to-change-in-construction-project-cost-in-kaduna-metropolise-nigeria