0704-883-0675     |      dataprojectng@gmail.com

WHOLE LIFE COSTING PRACTICES EMPLOYED BY DESIGN TEAMS OF BUILDING CONSTRUCTION PROJECTS IN ABUJA, NIGERIA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

ABSTRACT

The Bureau for Public Procurement (BPP), which was established by the Public Procurement Act of 2006 to oversee the procurement of public projects through inter-alia the application of Value for money (VfM) practices, has admitted that “…lowest initial price may not equate to lowest cost over the operating life of the item procured”. The application of Whole Life Costing (WLC) in building projects is still limited and there is a need to explore the application of WLC among members of the design team. This study aimed to evaluate WLC practice by design team members of housing projects with a view to enhancing value for money spent on housing. The objectives of the study include determining the extent to which WLC has been practiced, and examining the drivers and barriers of the use of WLC by design teams. The study adopted a quantitative research design that was based the use of questionnaires. A convenience sample of relevant professionals in construction firms who could be accessed electronically was built up through a snowballing approach, which eventually yielded a total of 63 professionals. The data thus gathered was analyzed using descriptive statistical method (Mean Item Score and Standard Deviation) and the results were presented using tables and charts. The study found that construction professionals tend to consider only construction cost as representative of overall project costs, often to the exclusion of other important types of costs. Availability of data and clients specifically requesting the use of WLC are two key factors that drive WLC use. Use of WLC is however hindered by absence of WLC standards, use of WLC is non-mandatory for public projects, and insufficient end-user training. This study has recommended urgent up-skilling of construction professionals for WLC use through Continuing Professional Development (CPD) seminars, redesign of tertiary education construction curricula, and amendment of existing laws that currently ignore WLC. These can only be achieved through joint effort of the Bureau of Public Procurement (BPP), trade associations such as the NIQS and statutory bodies such as the QSRBN, COREN and CORBON. Further research in this area could be carried out on the effect of type of project on the practice of WLC in building construction projects.




FIND OTHER RELATED TOPICS


Related Project Materials

Exploring the Role of Television News in Influencing Youth Political Activism in Kaiama Local Government Area, Kwara State

Chapter One: Introduction

1.1 Background of the Study...

Read more
Analyzing the Impact of Sensationalism on Media Credibility in Kano Municipal LGA, Kano State

Chapter One: Introduction

1.1 Background of the Study
Sensationalism has become a defining chara...

Read more
The Effect of Employee Performance Tracking on Accounting Accuracy in Nigerian SMEs: A Study of SMEs in Rivers State

Background of the Study

Employee performance tracking (EPT) is increasingly recognized as a valuable tool for improving...

Read more
An evaluation of geopolitical trends affecting agricultural mechanization in Dambatta Local Government Area, Kano State

Background of the Study
Agricultural mechanization has the potential to transform agricultural practices in Nigeria, improving productivity,...

Read more
AN ASSESSMENT OF THE ROLE OF FINANCIAL INSTITUTION IN THE NIGERIAN MARITIME INDUSTRY

ABSTRACT

This project details with the role of financial institution in maritime Industry finance in Ni...

Read more
COST ACCOUNTING INFORMATION AND PRODUCT COSTING IN SELECTED PAINT MANUFACTURING COMPANIES PORT HARCOURT

ABSTRACT

The study examine cost accounting information and product costing in selected paint manufacturing companies Port Harcourt, This...

Read more
Assessing the Impact of Tax Holidays on Start-ups in Potiskum LGA

Background of the Study
Tax holidays, which exempt businesses from paying taxes for a specific period, are a popular incent...

Read more
IMPACT OF POOR FUNDING OF NIGERIA LIBRARY ON THE LITERACY LEVEL OF NIGERIANS

ABSTRACT

This study was designed to look at the effect of poor funding of public libraries in Nigeria o...

Read more
STUDY HABITS AND ACADEMIC PERFORMANCE OF STUDENTS IN LIBRARY AND INFORMATION SCIENCE RIVERS STATE UNIVERSITY

Background Of The Study

Scholars and educational institutions have long been interested in researching...

Read more
SOCIO-ECONOMIC IMPACT OF CRISIS AND MILITANCY ON TOURISM DESTINATION IN SOUTH-WEST NIGERIA

EXCERPT FROM THE STUDY

The Niger-delta region in Nigeria is arguably one of the most naturally endowed location on the A...

Read more
Share this page with your friends




whatsapp