FACTORS AFFECTING IMPLEMENTATION OF CONSTRUCTION COST MANAGEMENT TECHNIQUES IN GOMBE STATE NIGERIA

Abstract

Cost Management is necessary to ensure that the anticipated project is designed and developed within the projected cost to ensure value for money. Several factors affect cost management of construction projects which include poor leadership and inappropriate management, inefficient deployment of resources, excessive wastage of materials on sites, complex payment mechanisms, theft of materials on sites, and variation during construction works. This research aims to investigate factors affecting the implementation of construction cost management techniques in Gombe, to improve on cost management techniques in the Nigerian construction industry. The study employs a quantitative research paradigm through descriptive design. Questionnaires were used to collect data from experienced construction professionals from Gombe-Nigeria and analyses were conducted using SPSS Version 22, by testing Mean Ranking of the identified factors. 115 valid responses, corresponding to 72% response rate were used for analysis. The result revealed that, incorrect planning is the main factor affecting implementation of cost management techniques. This is followed by the fluctuation of price of materials, additional cost and economic instability. This implies that proper scheduling is the key to utilizing project resources, if not, the project cost will increase.
It is therefore recommended that building project should adhere to cost management techniques has identified to improves cost effectiveness in the Nigerian Construction Industry.