EFFECTS OF ROAD PROJECT PARAMETERS ON FEDERAL CAPITAL TERRITORY ADMINISTRATION COST OVERRUNS
Road is a significant component of national infrastructure capital, a key component of the social fabric in many countries, and a significant contributor to national wealth. However, there are many risks and difficulties involved in its construction, including time and cost overruns. Cost overruns lead to many detrimental effects including time overruns, disputes and abandonment of projects. Despite a wealth of studies on cost overruns, and the special nature of road projects there is no literature on the effects of project parameters on Federal Capital Territory Administration road projects. This study therefore, addressed the effects of road project parameters on the extent of Federal Capital Territory Administration cost overruns. Descriptive analysis was used to analyze historical data on road projects obtained from some districts within Abuja Municipal and the satellite towns. The size, length, level of competition, and location of road construction projects are all found to have no significant impact on the size of cost overruns. Reducing cost overruns in road construction requires effective project management, risk management, communication, and the use of cutting-edge construction methods and technologies.
Authors : Ahmad, Z.B., Mahmoud, H. A. and Balla, S.K.
Category : Open Access Volume (Issue) : 9(1) Date Uploaded : 10th May 2023
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4th May 2019
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