COVID-19 pandemic impact: an identification of the cause of cost overrun in construction project

Hesna, Yervi; Sunaryati, Jati; Hidayati, Ayu

doi:10.1051/e3sconf/202133101014

Cited by 16 publications

(8 citation statements)

References 15 publications

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“…Kekurangan tenaga kerja karena pekerja tidak dapat mencapai tempat kerja mereka dan banyak pekerja tidak mau datang bekerja. Perusahaan memiliki masalah keuangan, dan juga memiliki masalah implikasi kontraktual (Hesna et al, 2021).…”

Section: Covid-19unclassified

“…konstruksi banyak menghadapi kendala (Hesna et al, 2021). Oleh karena itu, setiap proyek konstruksi harus memiliki manajemen proyek yang baik untuk menghindari atau mengurangi risiko proyek yang mungkin timbul, termasuk risiko terjadinya pembengkakan biaya (cost overrun) (Dapu et al, 2016).…”

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“…Padahal Instruksi Menteri Pekerjaan Umum Nomor 2/2020 yang dikeluarkan 27 Maret 2020, menyatakan bahwa kegiatan dapat terus berjalan. Namun, pihaknya masih percaya Covid-19 dapat menyebabkan kinerja biaya proyek yang buruk sehingga akan menimbulkan biaya tambahan dan terjadilah pembengkakan biaya yang dapat mengganggu proses keberhasilannya konstruksi (Hesna et al, 2021).…”

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Peringkat Faktor-Faktor Yang Mempengaruhi Terjadinya Cost Overrun Pada Proyek Konstruksi Pada Masa Pandemi Covid-19

Andian

Waty²

2022

j. mitra teknik sipil

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A construction project is the process of specification and design of all resources on a project, such as funds, materials, equipment, technology, manpower, and time to complete construction in accordance with applicable requirements. Construction projects experience several obstacles that hinder the process of success of a project, one of which is cost overruns. Cost overruns are an important issue in the success of a construction, coupled with the Covid-19 pandemic, the possibility of cost overruns is even greater. This research was conducted by collecting data through a literature study, then a survey was carried out using a questionnaire with a likert scale of 1-5. The data will be provided to construction service providers to measure the degree of influence of factors that affect the occurrence of cost overruns on construction projects during the Covid-19 pandemic and find their ratings using the Relative Importance Index (RII) Method. Of the 20 factors obtained, after passing the validity and reliability test, 17 factors were obtained. Furthermore, it is looked for rankings of 17 factors that influence the occurrence of cost overruns with the RII method. From these results will be obtained the highest ranks and the lowest most influential. Abstrak Proyek konstruksi adalah proses spesifikasi dan desain dari segala sumber daya pada proyek, seperti dana, material, peralatan, teknologi, tenaga kerja, dan waktu untuk menyelesaikan suatu pembangunan sesuai dengan persyaratan yang berlaku. Proyek konstruksi mengalami beberapa kendala yang menghambat proses keberhasilan suatu proyek, salah satunya adalah pembengkakan biaya. Pembengkakan biaya menjadi masalah yang penting dalam keberhasilan suatu konstruksi, ditambahnya dengan pandemi Covid-19, kemungkinan terjadinya pembengkakan biaya semakin besar. Penelitian ini dilakukan dengan mengumpulkan data melalui studi literatur, kemudian dilakukan survei memakai kuesioner dengan skala likert 1-5. Data tersebut akan diberikan kepada penyedia jasa konstruksi untuk mengukur tingkat pengaruh faktor yang mempengaruhi terjadinya pembengkakan biaya pada proyek konstruksi pada saat pandemi Covid-19 dan mencari peringkatnya menggunakan metode Relative Importance Index (RII). Dari 20 faktor yang didapat, setelah melewati uji validitas dan reliabilitas diperoleh 17 faktor. Selanjutnya di cari peringkat dari 17 faktor yang mempengaruhi terjadinya pembengkakan biaya dengan metode. Dari hasil tersebut akan diperoleh peringkat tertinggi dan terendah yang paling berpengaruh.

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Section: Covid-19unclassified

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Peringkat Faktor-Faktor Yang Mempengaruhi Terjadinya Cost Overrun Pada Proyek Konstruksi Pada Masa Pandemi Covid-19

Andian

Waty²

2022

j. mitra teknik sipil

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“…Table 1 depicts the cost overrun factors along with the frequency count of previous studies. (Cantarelli, et al, 2012); [10] (Park & Papadopoulou, 2012) [11] (Ameh, et al, 2010) [12] (Tan & Suranga, 2008) [13] (Mahamid & Dmaidi, 2013) [14] (Rosenfeld, 2014) [15] (Forcada, et al, 2017) [16] (Aljohani, et al, 2017) (Hesna, et al, 2021); [30] (Larsen, et al, 2016); [31] (Abdullah, et al, 2020); [32] (Isa, et al, 2021) Table 1 presents the cost overrun factors that are common to most of the aspects in the construction industry from the findings of the literature with the frequencies out of 32 references. According to the findings, the cost overrun factors can be categorized mainly into 4 categories such as related to project financer/owner, related to designers and consultants, related to contractor and related to external environment.…”

Section: Cost Overrun In Construction Projectsmentioning

confidence: 99%

Cost overrun factors in pre-contract and post-contract stages: A critical analysis

Francis¹

2022

Proceedings of 10th World Construction Symposium 2022

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“Cost overrun” is considered as an unavoidable phenomenon in the construction industry. Despite the professional effort and adaptation of advanced technologies, still the construction industry experiences cost overruns. Especially, among many stakeholders, contracting organizations are one of the key stakeholders that would be highly affected by the construction cost overrun. Poor coordination between the pre & post-contract stages in the contracting organizations has been a critical issue over many decades which leads to cost overruns. Professionals involved in the pre-contract stage have not possessed the knowledge regarding the significance of the cost overrun factors that may appear in the post-contract stage and vice versa. Therefore, this research aims to comparatively analyze the significance of cost overrun factors in the pre & postcontract stages in Sri Lankan construction projects from the perspective of industry professionals. A total of 5 semi-structured interviews were conducted among professionals who have experience in cost estimation and post-contract cost management in contracting organization to categorize the selected cost overrun factors into pre-contract and/or post-contract stages. Then, a questionnaire survey was conducted to evaluate the significance of those categorized cost overrun factors. A total of 80 responses were collected from the questionnaire survey and the data were analyzed using statistical analysis. Then the quantitative data was analyzed using the Mann- Whitney U-Test. The results of the Mann-Whitney U test concluded that there is a statistically significant difference between the perspective of professionals involved in the pre & post-contract stage.

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“…Cost management in the industry was and has been particularly difficult during and after Covid-19 (Hesna et al, 2021). The pandemic environment created unstable market conditions, especially in material and equipment costs (Alsharef et al, 2021).…”

Section: Research Statementmentioning

confidence: 99%

Development of zero-based budgeting approach for multinational construction contractors

Kazar

Mutlu

Tokdemir

2022

ECAM

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PurposeCost overruns remain a persistent problem in the construction industry. Although various cost management strategies have been implemented, innovative approaches are still required. Therefore, the authors attempted to introduce and test a new cost management strategy for the construction industry.Design/methodology/approachZero-based budgeting (ZBB) is one such method whose effectiveness has been proven in different industries over many years. Therefore, the authors initially developed two different frameworks related to the integration of ZBB into a multinational construction contractor and the application process of ZBB for a construction project in this study. Then, the effectiveness and feasibility of the proposed frameworks are tested via an actual field study in a mega construction project.FindingsThe results show savings of 0.81% of the total project budget and 4.74% of the focused cost items by following the ZBB framework compared to the traditionally estimated project budget. The feedback received from the employees in the construction company shows that ZBB could be efficiently implemented during ongoing construction projects.Research limitations/implicationsThe authors believe that implementing new cost management strategies such as ZBB will open doors to deal with the complex cost overrun issues and improve construction cost performances.Originality/valueThis manuscript is the first actual application of the ZBB cost management approach in the construction industry.

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COVID-19 pandemic impact: an identification of the cause of cost overrun in construction project

Cited by 16 publications

References 15 publications

Peringkat Faktor-Faktor Yang Mempengaruhi Terjadinya Cost Overrun Pada Proyek Konstruksi Pada Masa Pandemi Covid-19

Peringkat Faktor-Faktor Yang Mempengaruhi Terjadinya Cost Overrun Pada Proyek Konstruksi Pada Masa Pandemi Covid-19

Cost overrun factors in pre-contract and post-contract stages: A critical analysis

Development of zero-based budgeting approach for multinational construction contractors

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