THE IMPACT OF BUDGETING AND BUDGETARY CONTROL IN CONSTRUCTION PROJECT DELIVERY IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
Abstract
The study intends to investigate the impact of budgeting and budgetary control in construction project delivery in Nigeria. The purpose is to specifically identify the major causes of budgeting and budget control practices in by quantity surveyors in the construction companies in owerri using megastar technical and Construction Company Ltd, Aleed Construction Company, Anasami Construction Nig Ltd, Sametech Construction and C &C Construction Co. Ltd as case study. It is to determine the impact of poor budgetary implementation in construction companies and offer useful and meaningful suggestions for improving on the identified problems based on the findings. The study was carried out for the five companies. The researcher made use of primary and secondary sources of data. The primary sources with respect to this study include the various management staff of the companies and the account staff of the companies selected. Information obtained from these people were by asking face to face questions and recording their responses, then questionnaires were also administered to them for more response. A statistical approach (taro Yemen) was used in determining both the sample size and the proportion of the sample. Then the researcher used simple percentage and chi-square analysis to analyze the data collected. The study revealed the types of cost control techniques are frequently used by contractors in construction projects, the problems faced in the construction companies and how budget control and budgeting help during construction project. Recommendations were made based on the findings. The researcher recommended that there should be timely release of budget so as not to disrupt smooth operations of the companies. There should be an efficient monitoring of how the budget is implemented in the companies. It was also recommended that all quantity surveyors of the companies should understand how a budget is implemented in the companies. The management of the companies were also advised to motivate quantity surveyors by encouraging them through incentives and benefits in order to achieve the objectives of the organization.
Related Project Materials
The impact of local government infrastructure on rural market development in Zungeru South Local Government Area, Niger State
Chapter One: Introduction
1.1 Background of the Study
Infrastructure plays a pivotal role in...
Analysis of AI-Based Financial Aid Eligibility Prediction Systems in Federal University, Dutsin-Ma, Katsina State
Background of the study
Financial aid plays a crucial role in enabling students from diverse economic backgrounds to access higher educat...
An Appraisal of Social Media Language Innovation in Nigeria: A Comparative Study of Twitter and WhatsApp
Background of the Study
Social media platforms are hubs of linguistic creativity, where language is constantly reimagined...
Consumer Response to Influencer Marketing: Effectiveness in Driving Purchase Decisions
Background of the study
Influencer marketing has emerged as a prominent strategy for brands seeking to leverage the cred...
ROLE OF YOUTHS IN NATIONAL DEVELOPMENT
EXCERPT FROM THE STUDY
Apart from realizing that they are valued citizens of their countries, when youths engage in more...
EVALUATING THE EFFECTIVENESS OF EXPERIENTIAL LEARNING IN TECHNICAL EDUCATION
Abstract: This research evaluates the effectiveness of experiential learning in technical e...
Exploring the Use of Augmented Reality in Teaching Technical Drawing in Secondary Schools in Maiduguri Metropolitan Council, Borno State
Background of the Study
Technical drawing is a fundamental aspect of engineering, architecture, and des...
An assessment of public expenditure’s impact on regional infrastructure development in Nigeria: Evidence from Abuja (2000–2020).
Background of the study
Public expenditure is a key driver of regional development, particularly in urban...
The Impact of Government Investment in Education on Economic Growth in Nigeria
Background of the Study
Government investment in education has emerged as a pivotal strategy for stimulat...
An evaluation of traditional metalworking as an archaeological resource in Ohaji/Egbema Local Government Area, Imo State
Background of the Study
Traditional metalworking in Ohaji/Egbema Local Government Area, Imo State, represents a significan...
