Factors Affecting Time and Cost Performance of Road Construction Projects in Nigeria
DOI:
https://doi.org/10.26437.ajar.03.2022.5Keywords:
Cost performance;projects; road construction,;sustainability; timeAbstract
Purpose: This paper assesses factors affecting the timely completion and cost performance of road construction projects in Ekiti and Ondo states, Nigeria.
Design/Methodology/Approach: Purposive sampling method was used to select the administered 131 copies of questionnaires to the respondents from a frame of 223, comprising clients, registered contractors with the ministry of consultants and workers; who were corporate members with their professional body. Their responses were analysed using SPSS 24 and presented in simple descriptive and Percentile tables. The study adopted the use of Spearman’s rank correlation to analyse the association between initial contract sum and actual completion cost (r = 0.951, p < 0.01).
Findings: The result of the study revealed that inadequate equipment, inadequate managerial skills, project construction complexity, failure of equipment and shortage of materials were the important factors affecting the timely completion/performance of road construction projects in Nigeria. The research also revealed that inflation, inaccurate estimate, fraudulent practices, contractors’ project inexperience, inadequate planning and overdesign were the important factors aligned with the cost performance of road construction projects.
Implications/Research Limitations: The present study focused on the performance of time and cost in construction projects.
Practical Implications: Clients and their consultants in the study area should safeguard they award road contracts to competent contractors.
Social Implications: The research made the recommendation for the government at all levels to reduce the rate of inflation, and ensure stability in the prices of construction materials.
Originality/Value: The study further revealed that a strong positive correlation between the initial contract sum of the project and the actual completion cost of road construction exists.
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