Impact of Design Cost on Project Performance of Design-Bid-Build Road Projects

Shrestha, Pramen P.; Mani, Nirajan

doi:10.1061/(asce)me.1943-5479.0000220

Cited by 29 publications

(19 citation statements)

References 15 publications

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“…The drivers' of this factor include; detailed Project designs and specifications, Clear and well-developed client project brief, Effective project planning and Supervision. This management related success factor as supported by findings in past studies by Shrestha et al (2013) Amade, et al (2015 amongst others is ranked as highly significant. However, in this study it is the second influential success factor.…”

Section: Discussion Of Findingssupporting

confidence: 77%

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Prioritizing cost management system considerations for Nigerian housing projects

Obi

Arif

Kulonda

2017

JFMPC

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Purpose- This study develops a success factor model to understand and facilitate improved cost\ud management system (CMS) implementation in Low-cost housing (LcH) project delivery in Nigeria.\ud Design/methodology/approach- Literature findings highlight thirteen drivers’ affecting effective\ud implementation within the CMS and employs series of brainstorming sessions and questionnaire\ud survey to validate the drivers’. Factor analysis (FA) identifies possible contextual relationships\ud among the validated drivers’ and groups them into three success factors. The results of the FA are\ud refined employing interpretive structural modelling (ISM). The ISM identifies and models the\ud influential drivers’ and aids the development of the success factor model.\ud Findings- Effective team qualities, information and management actions and a stable operational\ud environment are the three essential success factors for effective CMS implementation.\ud Practical implications- The paper highlights effective team qualities as the most important CMS\ud considerations for Nigerian LcH project delivery. This finding creates the needed awareness to\ud guide project sponsors and project managers in the appropriate selection of Project Management\ud Team (PMT) as well procurement system that facilitates their collaboration.\ud Originality/value- This study is a novel research using FA and ISM to investigate the influence of\ud success factors needful for effective implementation within the CMS. It further develops a hierarchy\ud model that aids the PMT with the better understanding of the drivers’ and factors interrelationships\ud for use on LcH projects within the Nigerian context

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Section: Discussion Of Findingssupporting

confidence: 77%

“…According to Shrestha et al, (2013) government fund public projects, i.e., LcH from taxes; hence it is necessary that the government complete the projects within a reasonable cost. This driver is critical for project cost control, particularly at the construction stage.…”

Section: Adequate Designs and Specificationmentioning

confidence: 99%

Prioritizing cost management system considerations for Nigerian housing projects

Obi

Arif

Kulonda

2017

JFMPC

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“…Studies have also established a relationship between the professional fee and the quality of service (Sirmans and Turnbull, 1997;Hoxley, 2000;Shrestha and Mani, 2013;Okonkwo and Wium, 2018). For instance, the low fee has been reported to affect the quality of professional services rendered by consulting engineers (Hoxley, 2000;Okonkwo and Wium, 2018), while Sirmans and Turnbull (1997) established a causal relationship between the brokerage service pricing system and the quality of service rendered by the estate agents.…”

Section: Introductionmentioning

confidence: 99%

Pricing of property valuation services in Lagos Nigeria

Oladokun

Mooya

2019

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Purpose The pricing of professional service has been identified as one of the factors influencing the quality of service and willingness of clients to pay. However, the issue of service pricing is hardly seen as an object of discourse in real estate literature, especially among valuation studies, as it is obtainable in other fields. In Nigeria, it has become the practice for some sets of clients, especially financial institutions, to fix valuers’ remuneration based on the fact that these clients have market advantage. This practice and some other issues around pricing of valuers’ services have been going on for some years with little or no research insights from academics. The purpose of this paper is to examine the pricing system of valuation services within the Lagos property market with the aim of providing information to better valuation practice. Design/methodology/approach This study assumes an interpretive paradigm and adopts a qualitative research approach. In-depth semi-structured interviews were conducted with 24 registered valuers practising within the Lagos property market. Snowballing sampling technique was employed in selecting the registered valuers who were active in the practice of valuation in the study area. Data collected were analysed using thematic analysis with the aid of NVivo 12 software. Findings This study finds that the pricing system for valuation services in the study area can be broadly categorised under “negotiation” and “fixed rate” systems while the use of the “professional scale of charges” is more or less non-existent. The study also reveals various forms by which these systems are practised, and issues associated with them as well as the effects they have on valuation practice. The study further reveals the factors responsible for the continuous striving of the present pricing system which includes valuers’ inability to enforce the professional scale, competition in the market, buyers’ market syndrome, the game of numbers and the banks’ strategy to protect their customers. The authors also found that the low pricing of valuation service poses challenges to valuation practice and encourages unprofessional conducts that affect the quality of valuation output. The study also provides, albeit limited, an evidence of the relationship between valuation fee and quality of valuation. Research limitations/implications This study is limited to Lagos property market and only the practising valuers. Insights from other major cities and stakeholders in service pricing like clients and regulatory authority may produce more insightful results. Originality/value This study provides important insights into valuers’ experience in the area of service pricing and how this affects the delivery of professional services. It also serves as the research blueprint in giving research attention to the service pricing in property valuation practice.

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“…According to Shrestha and Mani (2013), project budget refers to the overall amounts consumed at the initiation of the project until its conclusion and the factors that can contribute to failure in keeping the project within the budget include underestimation of costs, high inflation, unfavorable exchange rate, and interest rate during the period of undertaking the project. Others include modification of the design during the construction phase and the inclusion of new items into the project.…”

Section: Impact Of the Procurement Systems On The Project Budgetmentioning

confidence: 99%

The Influence and the Comparison of Turkish Procurement Systems on Construction Project Performance

Akıner¹,

Akıner²

2018

Proceedings of the International Conference on Innovative Research in Science Engineering &Amp; Technology

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Procurement system is the invisible part of the construction project organizations and has an important effect to maximize the project performance. It rather concerns the management of the construction project process and participants to reach the common goals of completing the project under the budget, quality, and timeframes. There is a wide range of procurement systems that can be used to manage the construction of a project. Design-Build, Traditional and Turnkey procurement systems, which contain Lump Sum, Unit price and Cost plus a fee contract types and methods, are mostly used procurement systems in the Turkish construction industry. Each of these systems has its advantages and disadvantages which the owner must consider before the project begins. The evaluation of procurement systems and to select the right system is a complex decision problem and depends on many factors for the owner. Factors that the owner should consider are the complexity of the project, the relative importance of budget or schedule and the in-house expertise the owner has to manage the project. Within this study, a survey was conducted with some of the construction project owners in Turkey. The objective of this study is the empirical performance-based investigation of the procurement systems mostly used in the Turkish construction industry today. Another goal is to determine the influences of these procurement systems on project cost, time and quality factors in Turkish construction sector and to determine the extent of these systems that are covering the needs of project owner (client).

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Impact of Design Cost on Project Performance of Design-Bid-Build Road Projects

Cited by 29 publications

References 15 publications

Prioritizing cost management system considerations for Nigerian housing projects

Prioritizing cost management system considerations for Nigerian housing projects

Pricing of property valuation services in Lagos Nigeria

The Influence and the Comparison of Turkish Procurement Systems on Construction Project Performance

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