Factors Affecting Cost Overruns in Micro-scaled Construction Companies

Polat, Gül; Okay, Ferzan; Eray, Ekin

doi:10.1016/j.proeng.2014.10.569

Cited by 18 publications

(11 citation statements)

References 10 publications

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“…Cheng (2014) [11] presents a research result in which change in scope and cost control are the most relevant causes. Already Polat et al (2014) [12] identified project changes and delays in project approval as more critical factors. These two studies present very similar results with the present study.…”

Section: Literature Reviewmentioning

confidence: 99%

Causes of Construction Projects Cost Overrun in Brazil

França¹,

Haddad

2018

IJSCET

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This paper presents a survey on construction projects cost performance in Brazil with an analysis of cost overrun causes of the works based on the contractors' point of view. After a literature review and field research, several causes were identified and evaluated by frequency, severity, and importance through a questionnaire. The field survey conducted included 11 directors, 17 project managers and 19 area managers of different construction companies. Eighty-five causes of cost overrun were identified and classified in 11 departments with internal and external influences. The research shows that 71% of the 238 contracts of the study have their costs exceeded, being 82% in amounts up to 25% of the initial agreement and 18% above 25%. The most striking causes identified by the three parties were the change of scope, lack of design detail during budgeting, and high indirect cost in a period of low productivity.

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Section: Literature Reviewmentioning

confidence: 99%

Causes of Construction Projects Cost Overrun in Brazil

França¹,

Haddad

2018

IJSCET

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“…Many construction projects are facing serious cost overruns due to various reasons [12]. According to the research carried out by Moms and Hough, the vast majority (63%) of 1778 building projects financed by the World Bank in 1974-1988 exceeded their budget [9].…”

Section: Cost Overruns In Construction Projectsmentioning

confidence: 99%

The influence of historical conditions on time and cost of construction project

Apollo¹,

Grzyl²,

Jakubowicz³

2018

Creative Construction Conference 2018 - Proceedings

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Conducting construction works in a building or in an area entered in the historic register is associated with the contracting authority's risk of incurring higher than planned costs of works, as well as delays in their implementation. In many cases, these deviations are completely independent of contracting authority and contractor. The aim of this article is to indicate the reasons for cost and time changes in the construction project, which is influenced by the historical conditions of the building site's location. In practice, the detailed considerations presented in the article may contribute to increasing the efficiency of spending public funds in the implementation of construction projects of a specific nature. Based on the selected example -reconstruction of the Old Pharmacy building located in the historic part of the old city of Gdańsk, the authors analyze and classify factors affecting the cost and time of construction works taking into account the historical conditions of the location of the facility.

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“…A construction project is commonly acknowledged as a successful project when the aim of the project is achieved in terms of predetermined objectives of completing the project on time, within budget, and to the required quality standard (Kesavan et al, 2015). To achieve this goal, construction companies should complete the projects within their anticipated budgets and durations, and expected quality targets (Polat et al, 2014). However, in most construction projects severe time and cost overruns occur due to various factors (Arditi et al, 2017;Habibi and Kermanshachi, 2018;Ogbu and Adindu, 2019).…”

Section: Introductionmentioning

confidence: 99%

Comparison Between the Terms Constructability and Buildability: A Systematic Literature Review

Wimalaratne¹,

Kulathunga²,

Gajendran³

2021

Proceedings of the 9th World Construction Symposium 2021 on Reshaping Construction: Strategic, Structural and Cultural Transfor

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Buildability deals with the optimal integration of construction expertise at various project stages to achieve the overall project goals. Incorporation of buildability improves the construction project performance in terms of its cost, quality, productivity, safety, and results early completion. Thus, having a sound understanding of buildability concept is paramount for finding solutions for transforming current practices towards successful project deliveries. The numerous past studies reviewing the concept of buildability in the past have highlighted the interchangeability of the terms “constructability” and “buildability”. However, in some studies, these two terms contradict rather than considered similar. Moreover, the application of the concept of buildability is widely discussed during the design phase while some studies recommend it to be applied in the construction phase. Thus, there is no clear consensus on the clarity of the key constructs of these terms or when to apply buildability. This paper aims to systematically review the application of the concepts “buildability” and “constructability” in the construction sector and compare the definitions to understand the key constructs and best phase of the construction project for its applicability. A structured literature review covering indexed publications from 2011-2021 was carried out to identify the existing literature. Following a Systematic Literature Review (SLR) technique, a total of 38 out of 162 research contributions have been considered for an in-depth analysis. The choice of interpretations, comments, statements, perspectives, and definitions used in 38 studies were examined. The study identified the key constructs of two terms and recommends applying buildability throughout the lifecycle of the project.

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Factors Affecting Cost Overruns in Micro-scaled Construction Companies

Cited by 18 publications

References 10 publications

Causes of Construction Projects Cost Overrun in Brazil

Causes of Construction Projects Cost Overrun in Brazil

The influence of historical conditions on time and cost of construction project

Comparison Between the Terms Constructability and Buildability: A Systematic Literature Review

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