Abstract
The variations in time and quality are vital to the projects' success. Though the cost variation is the most impacting variation, the objective of this study is to recognise the significance of the cost controls in the construction projects in Jordan. Moreover, it aims to determine the factors that lead to reduce these costs. For the methodology, the study used the questionnaire instrument for the data collection. The study sample entailed 154 respondents who hold the responsibility in relevance positions with experiences in contracting and consultants engineering field in Jordan under first and second-grade classification. The study results revealed that there is a significant relationship between cost reduction and all investigated factors, namely, the demographic variables, the pre-execution conditions and specification, and managerial, technical, or financial dimensions. Further, the results showed a significant impact of proper resource planning. In summary, the key factors affecting the project cost during the pre-execution stage involves the appropriate resources planning (i.e., workforce, funds, data). In details, the most critical factors affecting the project cost from managerial dimension are the project manager assignment and integrity of consultant. For the technical dimension, the elements are the skilled workers, the applied methods, the statements and specifications. Lastly, for the fund allocation dimension, the most critical factors that affect the project cost from a financial point of view. Lastly, a set of recommendations are proposed to the project managers to reduce the cost.
Highlights
Numerous challenges are facing construction projects all over the world
It’s clear from Table (1) that the mean of this dimension, ranged between (3.95 – 3.87), where the whole dimension scored a total mean of (3.92), which is a level of High
It’s clear from Table (2) that the mean of this dimension (The role of company management in reducing the cost of execution construction project in Jordan, during the execution Stage), ranged between (4.43 – 3.71), where the whole dimension scored a total mean of (3.92), which is a level of High
Summary
Numerous challenges are facing construction projects all over the world. As construction projects are well known for being over-budget, behind schedule, unclear scope and low quality. Project managers and contractors face difficulties to include the poor planning, inferior materials, the lack of qualified labour, the dramatic growth in material costs, the shifts in the deliverables and milestones delivery dates, the wastage of content, over budgeting, unexpected weather changes, the lapse in management and control, loss of equipment, poor communication and others. All these factors result in cost and time overruns, the case in conflicts in the project outcomes. The gaps in the management of cost reduction techniques, the contractor will suffer from losses while carrying different activities of projects
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