ESTIMATES AS A TOOL FOR BUILDING PROJECT COST CONTROL
ESTIMATES AS A TOOL FOR BUILDING PROJECT COST CONTROL
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Date
1989-07
Authors
PETER, ADAMU CHORI
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Abstract
Estimates as a Tool for Building Project Cost Control is
a phenomena by those who have been monitoring the cost of
building construction. The building industry is characterised
as highly competative, very risky and with low profit
margin. The cost of construction in the past years has also
been on steady increase with varied reasons which includes
political influence, poor tendering procedures and inflation.
But for a construction firm to maintain a competative edge in
the market and also ensure "Good Profit Margin" and the client
to have "Value for the money expended" for a construction project,
the method by which they Design, Estimate, Plan and Control this
project must be ACCURATE and EFFICIENT. The lack or inadequacy of
the said method can be said to constitute some of the main perennial
problems and reasons for the high cost of building construction.
It is in the light of the above that the theme of the study was
chosen in order to investigate on a building cost control system
for minimising the cost of building construction during the
project execution phase with much emphasis on the estimating
process of the said cost control system.
To achieve the above topic of discussion the study was
divided into six chapters. These chapters dealt vividly on an
introduction to the objective and structure of the thesis, concepts
of a building cost control system, cost estimates and
estimating procedures, contractor's cost elements, three site
investigations, conclusion and recommendation. It is hoped that
the study will be useful for a building cost control by contractors
and client and for future researches on areas that were not
extensively discussed.
Description
A thesis submitted to the Postgraduate
School, Ahmadu Bello University, In
Partial fulfillment of the requirements
for the degree of:
MASTER OF SCIENCE (CONSTRUCTION MANAGEMENT)
Department of Building,
Faculty of Environmental Design,
Ahmadu Bello University,
ZARIA.
July, 1989
Keywords
ESTIMATES,, TOOL,, BUILDING,, COST CONTROL