This research discusses the main factors that affect the construction cost in saudi arabia a survey in the eastern province of saudi arabia was conducted which included 52 contractors, 19 consultants, and 13 owners. In order to identify the ranks of factors affecting construction cost performance, data was analyzed with spss 17 results are presented in table 4 table 3 reliability statistics no of no of cronbach's figure 9. Preparation of a construction cost estimate for any project is a very complex process process of construction cost estimation contains many variable factors every variable has to be correctly estimated based on proper study, past experience and research to calculate total project cost of construction. When looking at variables that affect new roof cost, there are some things we can’t change and there are others we can changethis is where you can, as the homeowner, have some flexibility to adjust variables that affect the cost of your project. Journal of financial management of property and construction volume 10, number 2, pp115 - 124, august 2005 printed in great britain factors affecting accuracy of cost estimation of building con.
1- identifying factors affecting the accuracy of the building construction projects cost estimating process 2- determining and testing the severity of factors that affect the accuracy of the. Project cost control aims to achieve a business objective on time and within the set budget in other words, project cost control focuses on maximizing effectiveness and minimizing expense. Engaged to evaluate the factors affecting construction cost estimating methods adopted in nigeria despite the efforts of cost consultants and professionals in arriving at reliable estimates.
In this study, data were analyzed from 788 construction incidents in 40 spanish building projects to determine the effects of project and managerial characteristics on rework costs. Factors affecting the construction and operating costs of federal buildings page 1 gao-03-609t mr chairman and members of the subcommittee: we welcome the opportunity today to discuss factors affecting the costs of constructing, leasing, and operating general services administration. Construction costs exceed one billion us dollars (merrow, 2012) such large projects are complex and are composed of sub-activities which need to be managed effectively.
Rework adversely impacts the performance of building projects in this study, data were analyzed from 788 construction incidents in 40 spanish building projects to determine the effects of project and managerial characteristics on rework costs finally, regression analysis was used to understand the. Factors affecting construction cost in mara large construction project: perspective of project management consultant international journal of sustainable construction engineering and technology, 1(2), 41-54. The process of house construction cost estimates is generally complex as you need to consider many factors in order to come up with the approximate amount that will be used on the project here are some of the factors that you need to consider to have an estimate as close as possible to the actual costs. The analysis revealed that there is a strong agreement between contractors and consultants in the ranking of the factors related to consultant, contractor, design parameters, and information.
This study was carried out to identify the factors affecting construction cost estimation the factors were identified based on questionnaire survey questionnaires were given to 64 experts in the construction industry to determine the importance of construction cost estimation and to determine the. The results of analyzing 51 factors considered in this study conclude that the main factors affecting the accuracy of cost estimation are: location of the project, segmentation of gaza strip and limitation of movements between areas, political situation and the gaza strip closure, financial status of the owner, increase in unit cost of. Evaluate and rank factors affecting cost and duration of construction projects a total of 67 effective variables were identified through literature review and interviews.
Construction cost estimating is the process of forecasting the cost of building a physical structure of course, builders and clients both worry about the financial impact of cost overruns and failing to complete a project. Factors affecting accuracy of pre-tender cost estimate in nigeria, the construction and building research conference of the royal institution of chartered surveyors, cobra patrascu a (1988) construction cost engineering handbook. There are many factors that affect the productivity of labor in construction here are some of the most recognized factors affecting labor productivity in the industry: construction cost.
The initial analysis of the 24 factors considered in the study shows that the main factors relevant to cost estimating practice are complexity of the project, scale and scope of construction, market conditions, method of construction, site constraints, client's financial position, buildability and location of the project. Determination of the severity rank of the factors among clients wrong method of estimation (375) are the five most important factors affecting cots of construction 46789 respectively) as the second most important factor affecting construction cost contract management (31 shows that cost of materials (300 respectively) as the most. The top five factors prioritized by the consultants affecting cost overrun in building construction projects are: political situation, fluctuation of materials price, level of competitors, currency exchange, and economic instability.