Contributions of Construction Project Team to Cost Overruns: The Contractors’ Perspective
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Date
2014-05
Authors
Akinsiku, O. E.
Akintola, A
Ameh, O.
Ige, A.
Journal Title
Journal ISSN
Volume Title
Publisher
American Society of Civil Engineers (ASCE)
Abstract
A project is adjudged successful if it is completed to time, within the budgeted cost and meets client’s expectation. However, there is the global issue of construction cost and time overruns, which has contributed to poor project performance. Contractors have always been seen as the culprit in this regard, whereas, the contractor is not solely involved in construction projects, there are other project team members who determine the path of the project success. This study assesses the causes of cost overruns, viewing this from the contractor’s assessment of the contribution of its project team members. The study was conducted using questionnaire surveys in which 100 questionnaires were distributed to contractors using purposive sampling; data were analyzed by the use of descriptive statistics. The results show that lack of adequate pre-contract planning and project team coordination are the most significant factor among construction professionals leading to cost overruns. The study made recommendations which are of good benefit to the client, project team members and contractors.
Description
Staff publications
Keywords
Construction , Project , Contractors , Client , Research Subject Categories::FORESTRY, AGRICULTURAL SCIENCES and LANDSCAPE PLANNING
Citation
Akinsiku, O., Akintola, A., Ameh, O., & Ige, A. (2014). Contributions of the construction project team to cost overruns: The Contractors’ Perspective. Construction Research Congress 2014. pp. 1528-1536. doi:10.1061/9780784413517.156