Stakeholders’ perception on critical cost variation factors in Malaysian building projects

Sohu, Samiullah and Abdullah, Abd Halid and Nagapan, Sasitharan and Ali Buriro, Ahsan and Kaleemullah, K. (2018) Stakeholders’ perception on critical cost variation factors in Malaysian building projects. Civil Engineering Journal, 4 (9). pp. 2075-2081. ISSN 2476-3055

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Effective cost management is one of the prime requirements for successful completion of construction projects. However, deviation from initially planned cost had been prevalent in construction projects. Cost variation has become a frequent phenomenon in construction projects and Malaysian building projects has no exclusion. This paper aims to establish the critical factors instigating cost variation in Malaysian building projects. Extensive literature review and field survey were two main methods for conducting this study. 34 factors causing cost variation were identified through deep literature review. A questionnaire survey based on identified factors, was carried out among construction stakeholders: clients, consultants and contractors involved in handling of building projects in Malaysia. The collected data was analyzed using SPSS V22 software, which enabled the ranking of factors based on their Mean Value. The results of the survey indicated that (1) fluctuation in cost of materials, (2) improper planning, (3) Incompetent main contractors, (4) poor site management, (5) and client financial problems were top five critical factors causing cost variation in building projects. The inferences drawn in this study can serve as a guide lines for construction stakeholders to achieve effective cost management in building projects.

Item Type: Article
Uncontrolled Keywords: Cost Management; Critical Factors; Cost Variation; Building Projects
Subjects: T Technology > T Technology (General)
T Technology > TH Building construction
Divisions: Faculty of Civil Engineering and Built Environment > Department of Architecture
Depositing User: UiTM Student Praktikal
Date Deposited: 22 Nov 2021 04:27
Last Modified: 22 Nov 2021 04:27

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