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COST CONTROL TECHNIQUES USED ON BUILDING CONSTRUCTION SITES IN NIGERIA
ABSTRACT
Many projects in Nigeria and the world over have suffered from cost and time overruns due to factors stemming from poor cost control during the design and project implementation stages. Research aimed at studying the cost control techniques being used in Nigeria was done on a selection of 130 contractors involved in the construction of buildings in Nakawa division, Kampala City. It specifically studied the cost control techniques currently being used by individual developers; the problems faced and proposed solutions. The research was able to identify seven commonly used cost control techniques which include schedules, budget, inspection, meetings, reports, records, monitoring & evaluations. It was noted that most project managers and contractors in Nigeria find difficulty in controlling project costs due to problems which include delays by clients to release money, delay to make a decision, lack of materials and equipment, bad weather, overlapping of activities, unclear and incomplete drawings, making good defective works, and generally failure to control the productivity of resources. Others of paucity were due to theft and vandalism, interference by clients, high labour turnover, and insufficient knowledge on cost control techniques. The study was able to establish that the problem was actually not the techniques to use but rather the lack of knowledge of the techniques, the poor management of the cost control methodology, and the general poor site organisation and inadequate supervision.
KEY WORDS: Buildings, Control, Cost, Techniques, Nigeria