An appraisal of the role of cost information on successful construction project delivery

Description

An appraisal of the role of cost information on successful construction project delivery

Abstract

In Nigeria today there exist many projects that have been abandoned ranging from heavy engineering projects, civil engineering and building works. Some projects, however, have been delivered above the contract sum which was not bargained for at the inception stage of the project. This study leads to explain the various ways of data collection in keeping data bank, the factors that affect it plus its sources. However, it tries to examine the importance of the use of cost information in producing the cost estimate of a project. All the parts that make up the study were critically examined to ascertain how they affect project delivery drawn from previous research work within by great authors were evaluated. The study emphatically reviewed means of achieving effective project delivery in Nigeria, it covered an overview of future cost, source of cost information and uses of cost information and the use of cost index. Data was collected using structured questionnaires that were distributed randomly involving construction consultants, contractors and sub-contractors operating in Imo State Nigeria. More so, for effective and adequate project delivery in Nigeria, it is recommended that national and zonal committees for building cost data should be constituted by the government, and a construction data bank also set up.