Examination of the factors affecting cost of construction projects delivery in Bayelsa State
Date
2023-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Federal University of Technology, Owerri
Abstract
This study aims to examining the factors that significantly affect the cost of construction project delivery in Bayelsa State, Nigeria. Understanding these factors is crucial for stakeholders in the construction industry to effectively plan, budget, and manage projects, ultimately leading to successful and cost-effective project completion. The research involves cross section surveys of client, consultants, and contractors in the construction industry in Bayelsa state. A total of 70 questionnaires were administered using convenience sampling methods. Descriptive statistics using simple bar chart was used to analyze respondents’ demographic data. Chi square tests and Kendall’s W tests was also employed to investigate relationships between variables. The statistical package for social sciences (SPSS) was used in analyzing the data. Results showed that Escalation and inflation of cost of materials, Supplier manipulation, Duration of contract period and Economic instability are the most significant factors affecting the cost of construction project delivery with mean ranks 17.61, 17.61,17.42 and 17.22 respectively as agreed by respondents. While waste on site and dispute on site are the least significant factors with mean rank 4.92 and 6.28 respectively. The findings from this analysis will provide valuable insights into the specific challenge faced in Bayelsa State and offer recommendations to mitigate cost overruns and enhance project efficiency.
Description
This thesis is for the award of Master of Science (MSc.) in Project Management Technology
Keywords
Construction method, price of materials, economic onditions, regulatory constraints, design cost, project delivery, Department of Project Management Technology, cost of labor
Citation
Oribo, N. E. (2023). Examination of the factors affecting cost of construction projects delivery in Bayelsa State (Unpublished Master's Thesis). Federal University of Technology, Owerri, Nigeria