Assessment of Factors Affecting Cost Overrun in Public Building Construction Projects: Case Study at the Ethiopian Construction Works Corporation (ECWC)
| dc.contributor.advisor | Mekonnen, Worku(PhD) | |
| dc.contributor.author | Tadesse, Yohannes | |
| dc.date.accessioned | 2019-04-17T07:47:18Z | |
| dc.date.accessioned | 2023-11-04T14:25:25Z | |
| dc.date.available | 2019-04-17T07:47:18Z | |
| dc.date.available | 2023-11-04T14:25:25Z | |
| dc.date.issued | 2018-12-14 | |
| dc.description.abstract | The construction industry has a huge contribution to the overall economy of fast growing countries like Ethiopia, but cost overrun is causing a negative impact on it. To overcome this issue, the study aimed at identifying the causes of cost overrun in public building construction projects. A descriptive survey was conducted on 42 professional respondents who are actively involved in the construction industry. The samples were drawn using purposive sampling since the objective was to select participants who have knowledge & experience in the issues being investigated. Primary data was collected using the questionnaires and secondary data is collected through reviewing of related literatures. The study found that most important causes of cost overrun are poor preplanning process accomplished by the contractor, inaccurate cost estimation by the contractor, cash flow difficulties faced by the owner of the projects, economic instability & market inflation pressure on the price of resources, delay in decision making on critical issues by the consultant and poor financial management & control practices undertaken by the contractor are the top major factor that causes cost overrun in public building construction projects. Moreover, the study found out the most effective mitigation measures for cost overrun verified by the experts are proper project planning and scheduling by the contractor, appropriate scope definition of the project by the client &the consultant and realistic cost estimation by the contractor before contract signing. Therefore, it was concluded that even though the condition and the extent differ all key stakeholders (client, consultant, contractor, and the external factors) have a significant contribution for the construction cost overrun. Finally, the study recommended that the top management of ECWC should capacitate and provide more supervision to the teams who are responsible for the preparation of the cost estimation for the bid and proper preplanning process before kicking off the project execution. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/17988 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Cost overrun | en_US |
| dc.subject | Mitigation measures | en_US |
| dc.subject | public building | en_US |
| dc.title | Assessment of Factors Affecting Cost Overrun in Public Building Construction Projects: Case Study at the Ethiopian Construction Works Corporation (ECWC) | en_US |
| dc.type | Thesis | en_US |