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Cost and schedule overruns on construction projects in South AfricaMukuka, Mulenga Joseph 26 June 2015 (has links)
M.Tech. (Construction Management) / The construction industry is a key sector in the development and economic growth of South Africa. However, the industry has not escaped the challenges facing other countries worldwide in terms of delivering construction projects within budget and on time as stipulated in the contracts. This study assesses the causes, effects and measures of minimising construction projects cost and schedule overruns in the Gauteng Province of South Africa. The data used in this study were derived from both primary and secondary sources. The secondary data was collected via detailed review of related literature. The primary data was collected through a questionnaire which was distributed to construction professionals. Out of the 200 questionnaires sent out, 146 were received representing a 73% response rate. Findings revealed that inadequate planning, change in project design, poor project management, inadequate financial provision and inaccurate estimates were the major causes of construction projects cost overruns. Furthermore the study also showed that the causes of construction projects schedule overruns in Gauteng province included: slowness in decision making process, reworks due to errors during construction, delays in approving major changes in the scope of work, delay in material delivery, shortage of skilled equipment operators and low productivity level of workers. Additionally, it was observed that construction project delays, increased project cost due to extension of time, liability of companies to bad debt and project abandonment. The study also revealed that extension of time, cost overruns, loss of profit, disputes and poor quality of work due to hurrying the project were the major effects of construction projects schedule overruns. Likewise, the study revealed that adequate planning, proper pre-contract planning, proper project implementation and management and good workmanship were the most effective ways of minimising construction projects cost overruns. Finally the results revealed that proper project planning and scheduling, effective strategic planning, site management and supervision, frequent coordination between the construction team, availability of clear information and communication channels were the most effective ways of minimising construction projects schedule overruns in the Gauteng Province of South Africa. It is recommended that all members of construction teams be trained and educated of the factors that cause project cost and schedule overruns in order to minimise these overruns.
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Financing of construction projects in developing countriesRomiti, Pier Giorgio January 1979 (has links)
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Civil Engineering, 1979. / MICROFICHE COPY AVAILABLE IN ARCHIVES AND ENGINEERING. / Bibliography: leaves 121-127. / by Pier Giorgio Romiti. / M.S.
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Kosteberekening en tariefvasstelling van konstruksiemasjiene en voertuieBester, Johannes Coen 04 1900 (has links)
Study project (MComm)--University of Stellenbosch, 2000. / ENGLISH ABSTRACT: The purpose of this assignment is to develop a method for rate making of
construction machines and vehicles. An analysis of the fixed and variable cost
of machines and vehicles are made together with the allocation of overhead
costs. After anal ising the various cost components a model is developed for the
determination of depreciation and finance charges by using the utilization of the
relevant plant item. The figures obtained from this model are then used in an
asset register. The information needed by the Receiver of Revenue is also
included in this register for calculating the depreciation value at the end of the
financial year. The maintenance and replacement of plant equipment are also
discussed. Before the conclusion the necessity of keeping accurate records and
the use of budgets for managing are looked at. / AFRIKAANSE OPSOMMING: Die doel van die werkstuk is om 'n raamwerk daar te stel wat gebruik kan word
vir tariefvasstelling van konstruksiemasjiene en - voertuie. In Ontleding van die
vaste en veranderlike koste van masjinerie en voertuie word gemaak, asook die
hantering van oorhoofse koste in die onderneming. Nil die bespreking van die
verskillende kostekomponente waaruit 'n tarief bestaan, word die klem geplaas
op die berekening van waardevermindering. 'n Model vir waardeverminderingen
finansieringskostebepaling aan die hand van die benutting van toerusting
word ontwikkel. Die inligting sodoende verkry word saamgevat in 'n bateregister
tesame met die inligting noodsaaklik vir die Ontvanger van Inkomste om
waardeverminderingafskrywings te maak aan die einde van elke finansiele jaar.
Die onderhoud en vervanging van toerusting word ook bespreek. Ter afsluiting
word rekordhouding en die opstel van begrotings bespreek en die nut daarvan
vir bestuur uitgewys.
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The relationship between project funding and construction systemsChan, Man-wai., 陳文偉. January 1997 (has links)
published_or_final_version / Real Estate and Construction / Doctoral / Doctor of Philosophy
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Novel build-to-rent strategies for single family homebuildersMyers, Lee A. 22 May 2014 (has links)
Following the recession of 2007-2009, conditions in the housing and finance
industries favored an increase in renter occupied homes relative to owner occupied
homes. With rental properties comprising an increasing share of the housing supply, the
home building industry should consider housing products that meet the needs of renters. This thesis proposes a build-to-rent product for single family home builders, to be offered as a complement to the traditional built-for-sale product. The purpose of the research is to
demonstrate that a build-to-rent product is financially feasible under ordinary market
conditions. In order to determine the viability of a build-to-rent product under likely market conditions, a financial model has been developed for a single family build-to rent product. The research involves reviewing the literature related to similar investment product types in order to develop a business model for the proposed build-to-rent product. The proposed model utilizes financial parameters currently in the industry, respectively, in the analysis of homebuilding projects and rental property investments. Using the analytical methods used for analogous investment classes, the author calculates a projected market range of input variables for the model. Sensitivity analysis of the model was then used to test the financial feasibility of a build-to-rent product. The analysis showed that the proposed product would be feasible under ordinary market conditions. Additional recommendations for future research has been explored based on the findings of this study.
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