ASSESSMENT OF THE FACTORS MITIGATING THE EFFECTIVE PREPARATION OF COST ESTIMATE AT THE DESIGN STAGE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This research assesses the factors mitigating the effective preparation of cost estimates at the design stage Accurate cost estimates are crucial to the effective realization of construction projects This research is aimed at examining the factors affecting accuracy of pre-lender cost estimate in Abuja, with a view to improving the predictive ability of clients, consultants, and contractors for better estimating. 84 questionnaires were sent out, 28 to con tractors, 28 to clients, and 28 were sent to the consultant firms respectively. 25 questionnaires were received from each of the respondent categories, representing 89% using the simple random sampling technique. The collected data were analyzed using the Relative importance Index. The study found out that a statistically significant relationship existed between the clients, consultants, and contractor on the essential factors affecting accuracy of pre-tender cost estimate. It was concluded that: Experience and skill level of the consultants ranked with overall Ru of 0.9, project teams experience on the construction type 0.87, clear and detail drawings and specification, completeness of cost information, accuracy and reliability of cost information are the most significant factors affecting accuracy of pre-tender cost estimate were other paramount factors. The most appropriate cost estimating method at the design stage according to the respondents ranking is subjective estimating with Ru of 0.78 and parametric estimating 0.46 and synthetic estimating 0.52. It was recommended that Clients should always engage the services of skilled quantity surveyors to undertake the consultancy services in cost estimating process.
Related Project Materials
THE INFLUENCE OF EARLY CHILDHOOD EDUCATION (ECE) PROGRAMS ON THE DEVELOPMENT OF EMOTIONAL REGULATION SKILLS AMONG YOUNG CHILDREN
Abstract: This study investigates the influence of early childhood education (ECE) programs on the developme...
WORKING CAPITAL MANAGEMENT AND PROFITABILITY OF LISTED PHARMACEUTICAL FIRMS IN NIGERIA
ABSTRACT
Working capital managemt involves the management of the most liquid resources of the firm which includes cash and cash equivalen...
An assessment of the challenges in teaching technical subjects in primary schools in Yola North Local Government Area, Adamawa State
Background of the Study
Technical subjects in primary schools are increasingly recognized for their poten...
The Role of Music and Movement in Early Childhood Development
Abstract: This study explores the role of music and movement in early childhood development, aiming to understand how rhythmic act...
KNOWLEDGE AND ACCEPTABILITY OF CERVICAL CANCER SCREENING AMONG FEMALE PART-TIME STUDENTS
ABSTRACT
Cancerofthecervixremainsthemostcommonmalignantneoplasmofthefemalegenitaliaandthesecondmostcommoncancerinfemales...
Evaluating the Impact of Environmental Policies on Sustainable Development in Nigeria
Background of the Study
Environmental policies are essential for safeguarding natural resources and ensuring sustainable d...
The effect of economic integration on fostering competitive markets in Nigeria: Evidence from ECOWAS initiatives (2000–2020).
Background of the study
Economic integration through regional trade agreements such as those promoted by...
AN INVESTIGATION ON THE ROLE AND PERFORMANCE OF GOVERNMENT SUPPORT AGENCIES IN THE GROWTH OF ENTERPRENUERSHIP IN ENUGU STATE. (A CASE STUDY OF NATIONAL DIRECTORATE OF EMPLOYMENT (N.D.E)
BACKGROUND OF THE STUDY
People first began engaging in entrepreneurial behavior when they started produ...
An investigation of geopolitical dynamics affecting cooperative societies in Suleja Local Government Area, Niger State
Chapter One: Introduction
An appraisal of cause-related marketing on brand equity: A study of a beauty product in Abuja.
Background of the study:
Cause-related marketing (CRM) has emerged as an influential strategy in the beauty industry, wh...
