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A theoretical review of the critical factors of cost overrun in Pakistan construction projects

Sohu, Samiullah and Mari, HussainBukhsh and Abdullah, Abd Halid and Nagapan, Sasitharan and Keerio, Manthar Ali (2017) A theoretical review of the critical factors of cost overrun in Pakistan construction projects. In: Proceedings of The First International Conference on Industrial Engineering and Management Applications.

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Abstract

Construction industry of Pakistan is playing important role for development and improvement of economy in Pakistan. However, it also provides number of opportunities in construction sector. Construction industry of Pakistan is facing problem of cost overrun. Cost overrun in construction industry gives negative impact to the stakeholders. Comprehensive understanding is required to overcome this cost overrun problem. This research identifies different factors which causes cost overrun in construction industry of Pakistan. Total 41 factors of cost overrun or budget overrun found in construction industry of Pakistan, the factors were summarized into 5 main groups namely consultants associated factors, contractors associated group, design associated group, material associated group and financial related group. Frequency of each factor was based on previous studies where were considered in this study. The factor with high frequency was considered as critical factor. The critical factor with high frequency by most researches was financial difficulties faced by contractor in Pakistan construction industry. This study can help stakeholders how to control cost overrun by finding most significant measures if each critical factor

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > T Technology (General)
Depositing User: Mr Abdul Rahim Mat Radzuan
Date Deposited: 15 Mar 2020 04:31
Last Modified: 15 Mar 2020 04:31
URI: http://eprints.uthm.edu.my/id/eprint/12840
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