RISK FACTORS AFFECTING COST AND TIME PERFORMANCE OF CIVIL ENGINEERING PROJECTS IN KWARA STATE
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Environmental Sciences, University of Ilorin
Abstract
The construction industry is known for being very poor compared to other industries in the identification,
assessment and management of project related risks. Civil engineering projects in particular are more risky
due to the nature, complexity and enormous amount of resources required conversely leading to cost and
time overrun. This paper aimed at evaluating the potential risk factors associated with civil engineering
projects with the view to achieving overall project objectives. A-31 risk factors were identified from the
literature review and were used as basis for a questionnaire survey administered to the Architects, Quantity
Surveyors and Engineers in Kwara State. Eighty (80) questionnaires were administered; fifty one (51) were
retrieved and analysed using mean item score for the identified factors. Research findings showed that
incomplete design, unstable inflationary trend, delay in progress payment, financial difficulties, improper
project planning, inadequate programme planning and foreign exchange rate had greatest impact on civil
engineering projects. Whereas factors such as Force majeure, labour dispute and strike and mistakes and
discrepancies in contract documents has least impact. The study recommends that project team should
identify and quantify project related risk at the initial stage and allocate the risks to party suitable to control
them.
Description
Keywords
Civil engineering project, Construction industry, Construction project, Cost and time performance, Risk