- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
![Download Code Ready Instant Download Active](https://codemint.net/assets/home/instantdownloadMain.png)
CHAPTER ONE
INTRODUCTION
1.0 Background of the study
The growing need for construction of all types coupled with a tight monetary supply has provided the construction industry with a big challenge to cut cost.
According to Mendelson and Greenfield (1996) the remaining part of the twentieth century would involve corporations, institutions and government in a race to survive. The attendant dwindling economic fortune of nations economies around the World have geared up the participant in these sectors (the client in particular) to take up the challenge of ensuring efficient use of their resources to obtain value for money in terms of performance.
The total cost of construction in normal circumstances is expected to be the sum of the following cost: Materials, Labour, Site Overheads, Equipment/Plant, Head office Cost and Profit but in many parts of the world particularly in Nigeria, there are other costs to be allowed for.
These costs according to Mbachu and Nkado (2004) have obvious negative implications for the key stakeholders in particular, and the industry in general. To the client, high cost implies added costs over and above those initially agreed upon at the onset, resulting in less returns on investment. To the end user, the added costs are passed on as higher rental / lease costs or prices. To the consultants, it means inability to deliver value - for - money and could tarnish their reputation and result in loss of confidence reposed in them by clients. To the contractor, it implies loss of profit through penalties for non- completion, and negative word of mouth that could jeopardize his/her chances of winning further jobs, if at fault.
The proposed work will investigate and report the other costs to be allowed for, which are the basic factors affecting construction cost in Nigeria and also proffer solutions to how construction cost can be minimized.
1.1 Statement of the Problem
The demand for more construction of all types, coupled with a tight monetary supply has provided the construction industry with a big challenge to cut costs. The problem of high contract costs of all aspects of construction is becoming obvious. Consequently, substantial increases are being observed in projects.
This substantial increase has brought about loss of client confidence in consultants, added investment risks, inability to deliver value to clients, and disinvestment in the construction industry.
1.2 Aim and Objectives of the study
The aim of the study is to find out the factors affecting construction cost in Nigeria and proffer solutions to how construction cost c an be minimized.
The objectives of the study are as follows:
1. To identify the main factors affecting construction cost in Nigeria.
2. To determine the severity rank of the factors amongst clients, consultants and contractors.
3. To determine the agreement ranking factors between clients, consultants and contractors.
4. To proffer solutions on how to minimize construction cost in Nigeria.
1.3 Research Hypotheses
To test the hypothesis:
1 (a). Ho: Contractors and Clients do not generally agree on the severity rank of the factors affecting construction cost in Nigeria
1 (b). H1: Contractors and Clients generally agree on the severity rank of the factors affecting construction cost in Nigeria
2 (a). Ho: Clients and Consultants do not generally agree on the severity rank of the factors affecting construction cost in Nigeria
2. (b) H1: Clients and Consultants do not generally agree on the severity rank of the factors affecting construction cost in Nigeria
3. (a) Ho: Consultants and Contractors do not generally agree on the severity rank of the factors affecting construction cost in Nigeria
3. (b) H1: Consultants and Contractors generally agree on the severity rank of the factors affecting construction cost in Nigeria
1.4 Significance of the study
An assessment of the study would enable Clients, Contractors and Consultants give an economic approach to construction work such that they would be able to identify the dominating factors leading to high construction cost in Nigeria.
The application of the solutions proffered to minimizing construction cost would restore client’s confidence in consultants, reduce investment risks, and generally boost the viability and sustainability of the industry
1.5 Scope and Delimitations
The scope of this research is limited to identification of essential factors affecting construction cost and proffering solutions on how to reduce construction cost in Nigeria. The study is limited to projects in the Lagos metropolis of Nigeria because there is easy access of information in the Lagos metropolis by the researcher.
Target respondents for this study are the principal actors in the construction industry namely: the Client, the Consultant and the Contractor.
You either get what you want or your money back. T&C Apply
![](https://codemint.net/assets/public/img/100-money-back-guarantee.png)
You can find more project topics easily, just search
-
SIMILAR BUILDING TECHNOLOGY FINAL YEAR PROJECT RESEARCH TOPICS
-
1. MAJOR CAUSES OF DELAYS AND EFFECTS OF DELAYS IN CONSTRUCTION PROJECTS INDUSTRY
» ABSTRACT Delay is one of the biggest problems often experienced on construction project sites. Delays can instigates negative effects such as increase...Continue Reading »Item Type & Format: Project Material - Ms Word | 34 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
2. EVALUATING THE EFFECTIVENESS OF PROJECT DELIVERY METHODS IN SOUTH-EAST NIGERIA
» ABSTRACT This research studied “evaluating the effectiveness of project delivery methods in South East Nigeria”. There are alternatives de...Continue Reading »Item Type & Format: Project Material - Ms Word | 133 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
3. RETRAINING OF PROFESSIONAL BUILDERS IN THE NIGERIAN CONSTRUCTION INDUSTRY
» ABSTRACT This work studied the retraining of professional builders in the Nigerian construction industry. The study identified the key areas of profes...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
4. DESIGN, CONSTRUCTION AND MAINTENANCE OF PARKING LOTS IN INTERLOCK SLAB
» CHAPTER ONE 1.0 INTRODUCTION In accordance to concrete parking lots which have many similarities to other type of concrete pavement. On the other land...Continue Reading »Item Type & Format: Project Material - Ms Word | 24 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
5. URBAN GROWTH AND HOUSING PROBLEMS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Over the last four decades, the world has experienced a phenomenal growth in the rate of urbaniza...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
6. RESIDENTIAL BUILDING COLLAPSE IN NIGERIA: CAUSES, EFFECTS AND SOLUTIONS(A CASE STUDY OF AKURE,ONDO STATE)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Since independence, the Nigeria government has desperately continued to make concerted effort in ...Continue Reading »Item Type & Format: Project Material - Ms Word | 57 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
7. EVALUATION OF INCENTIVE SCHEMES ON LABOUR PRODUCTION IN NIGERIA CONSTRUCTION INDUSTRY.
» CHAPTER ONEINTRODUCTION1.1 Relevance of project1.2 Site inspection1.3 Evolution of road network in nigeria1.4 Motor vehicle characteristic that affect...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
8. AN ASSESSMENT OF THE INFLUENCE OF COMBUSTION GENERATED POLLUTANTS ON THE INDOOR AIR QUALITY OF SELECTED LABORATORIES IN AHMADU BELLO UNIVERSITY ZARIA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Interests in the role of air quality in health and disease date back to antiquity. Hippocrates in his...Continue Reading »Item Type & Format: Project Material - Ms Word | 166 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
9. INVESTIGATION ON THE CAUSES OF PAVEMENT FAILURE ALONG HILLVIEW OFF ESBS ROAD ENUGU
» CHAPTER ONE 1.1 INTRODUCTION The site under investigation is Hillview of ESBS Road Enugu. Along the site failures are observed especially depress on p...Continue Reading »Item Type & Format: Project Material - Ms Word | 40 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT
-
10. AN APPRAISAL OF THE IMPACT OF DELAY IN PROJECT DELIVERY IN CONSTRUCTION INDUSTRY
» CHAPTER ONE INTRODUCTION 1.1 Background of the study It is believed that one of the prevailing problems of construction industry in Nigeria is the imp...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | BUILDING TECHNOLOGY DEPARTMENT