cost of supervising a building project in nigeria

0000000016 00000 n 97 0 obj /CropBox [0.0 0.0 595.2 841.92] /P 460 0 R /Lang (EN-GB) << >> endobj /Pg 20 0 R endobj >> /P 503 0 R /K 6 endobj /S /P Perform inspection and examination of all work areas and all agencies that support the implementation of the work. /S /P 6 [95 0 R 96 0 R 97 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R /SourceModified (D:20151028174204) 139 0 obj /K 12 267 0 obj 227 0 obj endobj /Lang (EN-US) /P 453 0 R /S /P /Lang (EN-GB) HUK6W P|EN{h69`+I}gH pofGxZ]0j;T-p)c P=8lF zehn5j~3vv 242 0 R 243 0 R 244 0 R 245 0 R 246 0 R 247 0 R 248 0 R 249 0 R 250 0 R 251 0 R Also, Repetitive reduction doesnt apply to external works, stage 3 fees (site supervision), or post-contract services of the project. 303 0 obj << You extrapolate the proposed building area from your design and multiply it by the prevailing cost per area of construction. /Pg 22 0 R /S /LBody << >> /K 118 << >> endobj 243 0 obj << /K 91 << /Lang (EN-US) << endobj 69 0 obj /Lang (EN-GB) >> << /K 75 329 0 obj /TT0 363 0 R << 241 0 obj << endobj /S /P /P 10 0 R 212 0 obj 221 0 obj /Lang (EN-GB) /Pg 22 0 R /Pg 20 0 R /TT3 356 0 R /K 108 /Font << /P 457 0 R endobj /Lang (EN-GB) 88 0 obj /P 391 0 R /Tabs /S The total cost of construction in normal [4 circumstances is expected to be the sum of the following cost: Materials, Labours, Site overheads, Equipment/ Plant, Head office cost and profit but in many parts of the world particularly in Nigeria, there are other costs to /Pg 20 0 R There can never be a fixed Price for architectural supervision. << << endobj 125 0 obj /Lang (EN-US) /K 78 /C2_0 374 0 R /Pg 20 0 R 109 0 obj >> /Pg 20 0 R >> 4 0 obj /Pg 23 0 R Selecting Various Building Materials for Various Climates in Bali Learning the Modern House Construction in Bali Construction Supervision approach to be adopted, aiming to deliver the /S /P /S /P /K 14 endobj /S /P 190 0 obj /Pg 17 0 R /Pg 20 0 R /F12 367 0 R 3/f|ySES#V01c0'LA=%4@ OA /P 476 0 R << hb```"NAAd`B@j)3w*oXMY Rq /Pg 20 0 R 80 0 obj endobj /Pg 20 0 R /Lang (EN-GB) /S /P /S /LBody endobj This is according to the Africa Construction trends 2019. 207 0 obj 51 0 obj >> /K 0 /Pg 21 0 R >> The results revealed that the percentage of cost overruns ranged from a minimum of 5.56% with 90% project completion, and within 88% of the estimated time limit, to a maximum of 216.08% with merely 5% project completion, and within 8.3% of the estimated time limit. /A 400 0 R >> /Pg 20 0 R >> /Pg 20 0 R 158 0 obj /Kids [14 0 R 15 0 R 16 0 R 17 0 R 18 0 R] >> null null null 132 0 R null null null 133 0 R null null << I explain very clearly, up front, to my clients that "Cost" includes all materials, labor, labor overhead, direct job overhead costs, i.e. /TT0 363 0 R /Pg 22 0 R You dont multiply 4.75% by the total ETC, Rather, you break down the ETC as below and multiply it by its corresponding percentage. >> 13 0 obj /Pg 18 0 R /MediaBox [0.0 0.0 595.2 841.92] /P 10 0 R /K 1 endobj Based on these findings, it can be concluded that continuous investigation into, and analyses of cost overruns at stages of building projects would encourage professionals to apply the best mitigation measures, in order to achieve a significant reduction in the total cost overrun at the completion of a project. >> endobj 6 largest construction projects in Nigeria, Upcoming construction projects in Tanzania 2020, The ultimate guide to registering with CIDB Mauritius as contractor, Total survives censure in suit challenging EACOP oil project, Norrsken Kigali House boosts Kigali prospects, Construction projects in Kenya that are changing the face of the country, Lobito Corridor Transit Transport Facilitation Agency agreement, Worlds first Eco-tourism based BAOBAB luxury safari resort in Africa, Five concrete construction projects for the DIY enthusiast, Africa CDC headquarters being constructed in Ethiopia nears completion, Innovative sewer system benefits Nairobi River Communities, Sanral defends move to award tender to Chinese JV after backlash, Trans-Sahara Highway: Niger section almost complete, South Africas energy mix will be much cheaper with renewables-study, Values of prime residential real estate in Nairobi drop-report, Mortgage uptake in Kenya records major drop, Kenya economy will withstand politics, official says. endobj /Lang (EN-GB) 184 0 obj endobj /P 460 0 R /Lang (EN-GB) I have 18+ years of experience in complex roles requiring cost management and estimation for international high profile projects high in value. /Lang (EN-GB) 191 0 obj 47 0 obj /S /P 260 0 obj /S /P >> /K 33 >> >> Once you have ascertained the estimated total cost (ETC) of construction the next thing is to break it down. /Pg 20 0 R /P 461 0 R /K 11 endobj meet the requirement. /S /LBody All substructure is charged fully, while the superstructure is charged as below. << /P 407 0 R >> endobj /P 449 0 R /P 459 0 R >> Get a capable and reputable contractor. >> endstream But the decision maker is the owner. /K 8 /K 18 181 0 obj 0000002282 00000 n /K 19 /Pg 21 0 R endobj 85 0 obj endobj endobj /W 0 << /S /P /P 469 0 R /Lang (EN-US) /Pg 20 0 R }m(hQseP2WNh9 tbM]e3<>8OVr7E9O5rvVNx&tO /eb; VfLtp6pvX /K 22 << /Pg 21 0 R /P 451 0 R << >> 143 0 obj /Pg 22 0 R endobj The quantitative technique was adopted in this study. endobj /TT3 375 0 R * Prepare and review project budgets, cost plans and cash flow projections. >> /P 10 0 R LAGOS - PPC Limited, one of Nigeria's leading engineering and infrastructure Development Company, has advised contractors to scale hurdles associated with materials sourcing for their building . /Lang (EN-GB) /Author (fat) endobj /ModDate (D:20151028204217+03'00') >> >> /K 23 Dont hesitate to ask for discounts as you will be shocked by the amount of money that will be returned to you. /S /P endobj /K 7 /Pg 20 0 R /K 6 /PageLayout /OneColumn endobj 7 Things To Know Before Studying Architecture. /Pg 20 0 R endobj /K 64 /K [387 0 R 388 0 R 389 0 R 390 0 R 391 0 R] Keywords: Actual cost, cost overrun, estimated cost, Nigeria, building projects. >> The Service is limited to the supervision of the /Pg 18 0 R 337 0 obj << >> >> /Pg 20 0 R /K 39 148 0 obj /Length 759 282 0 obj 119 0 obj << 2 0 obj >> 344 0 obj Your email address will not be published. I sometimes wish that we can all unite and insist on professional fees but again judging by the general financial capacity of the public, how many can afford it. >> endobj /P 480 0 R << /S /P /Pg 18 0 R << 214 0 obj /Type /Outlines >> 292 0 obj >> /Pg 19 0 R /Lang (EN-GB) 138 0 obj /Kids [19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R] /Lang (EN-GB) /CropBox [0.0 0.0 595.2 841.92] endobj /S /P 117 0 obj /S /P << There are 3 stages of payment. /P 10 0 R /Pg 20 0 R /P 461 0 R << /K 0 endobj 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R /Pg 24 0 R @*V1LPx} aJfHZp 4YoGGW@y`d,71DCJu;F /S /P But make sure you dont stretch your budget to the limit. /Pg 20 0 R /P 456 0 R 0000010996 00000 n /P 10 0 R /K 5 << /P 471 0 R /P 509 0 R endobj /K 75 /P 459 0 R /Lang (EN-GB) /Font << 334 0 obj endobj /TT4 361 0 R << /TT0 363 0 R /Underline /Span >> << /Pg 20 0 R /Pg 17 0 R /Resources << /Lang (EN-GB) /Pg 20 0 R /S /P 3 0 obj /K 8 << . /P 428 0 R 271 0 obj << /Lang (EN-GB) /P 10 0 R /ParentTree 11 0 R /Lang (EN-GB) /K 47 endobj /P 10 0 R << >> /S /P /MediaBox [0.0 0.0 595.2 841.92] << If you are saddled with the responsibility to supervise building projects you should know that it entails a whole lot than shouting orders. /K 30 /K 1 /Contents [343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R 349 0 R 350 0 R 351 0 R 352 0 R] << 187 0 obj /Lang (EN-US) /Lang (EN-GB) >> /Font << /Pg 20 0 R /Lang (EN-US) /Pg 21 0 R /P 10 0 R >> /P 469 0 R endobj /K 4 >> Please share this article if you liked it. << /K 7 /S /P endobj I. endobj /P 10 0 R 58 0 obj /TT1 359 0 R >> /K 109 247 0 obj >> endobj /S /LBody endobj >> null 134 0 R null null 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R /K 62 /Lang (EN-US) /MediaBox [0.0 0.0 595.2 841.92] It on us lies on architectural bodies such as Archon and NIA to wake up and protect the interest of practicing architect in Nigeria. >> /S /P /K 61 /P 450 0 R /Pg 16 0 R /K 37 << endobj << /P 10 0 R /S /P /K 10 115 0 R 116 0 R 117 0 R 118 0 R 119 0 R 120 0 R 121 0 R 122 0 R 123 0 R 124 0 R 84 0 obj 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R << << What the Nigerian method of fee calculation can learn from Canada, 2020 Complete List of ARCON Accredited Schools of Architecture in Nigeria, How to Calculate Architects Fees Edition III, How to Calculate Architects Fees Edition II, 8 Clauses That Empower Architects On Construction Sites. 198 0 obj A ground-breaking ceremony finally took place on 7 March 2017, and the railway was scheduled for completion in December 2018. The cost per area can be gotten from a QS or from your construction experience. 276 0 obj /K 48 /Pg 20 0 R /TT1 359 0 R Hi Tayo, thanks for your observation. 10 [123 0 R null null 322 0 R null null null 323 0 R null null /P 461 0 R /Lang (EN-GB) >> Where you store your materials is also important. endobj endobj /K 24 >> The data were analysed using descriptive (percentages) and inferential methods. I also hope that ARCON, NIA and now ANCA will do more to provide value for us, their members and the profession of architecture. endobj /Lang (EN-GB) /Pg 20 0 R /TT1 357 0 R endobj /P 459 0 R >> endobj /Lang (EN-GB) /TT1 359 0 R /P 490 0 R When ETC changes in the course of the project, stages 1 & 2 of the architects fees can remain the same, but Stage 3 must be calculated with the TCS. /ColorSpace << /K 28 /Contents 373 0 R /S /LBody << 0000003817 00000 n /Pg 15 0 R Today, over 110 companies operate in the zone that have made significant contributions to Nigeria's economy through their businesses of pipe-coating, selling pipes, treating waste, and building boats as well as other activities. z'gBr{3,' 9{X.N3FE\\8l?p (q1Ed=>6oB# endobj endobj /S /P >> /Pg 20 0 R /S /P /Pg 20 0 R /TT7 363 0 R /Resources << /K 26 /Pg 19 0 R :lfSJk5w|=9[bq^;467|+hC>S]gtiuT,bDu7;58LM).s08hr;0O. >> /S /P /Lang (EN-GB) 2 [45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R] endobj /Lang (EN-GB) >> << << endobj >> /Rotate 0 << AJOL is a Non Profit Organisation that cannot function without donations. /Pg 20 0 R >> << /K 5 stream >> /S /P /S /P When you are not sure of a step you are about to take, dont hesitate to ask the professionals before you embark on it. /K 9 /StructParents 0 >> endobj Ive recently started a website, the information you offer on this website has helped me greatly. /Type /Page /P 466 0 R /Resources << >> 124 0 obj << However, you can also learn; The template for professional fee calculation for all building consultants in construction projects is similar. endobj /Lang (EN-GB) >> >> >> << endobj /S /P /Lang (EN-GB) 126 0 obj >> 145 0 obj /Pg 23 0 R >> /K 15 /ColorSpace << Greetings to you Arc. /S /P 326 0 obj Sometimes, because of the emergency nature of the initial presentation and the need to hastily win over clients, architects are often not opportune to quickly consult the QS before submitting their fee. /S /P 280 0 obj /Pg 24 0 R 1 [37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R] The port is expected to cost $2.7 billion to construct. endobj /Pg 24 0 R /S /P endobj There are instances where architects work on repetitive buildings. endobj Using 1.67 as a multiplier might mean I'm making one . /Lang (EN-GB) /Pg 22 0 R 64 0 R 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R null null /Pg 20 0 R /P 383 0 R >> Construction work is expected to cost $1.9 billion. << /S /P /Lang (EN-US) stream /Pg 20 0 R >> /P 450 0 R /P 466 0 R 169 0 obj 131 0 obj /S /P >> /K 126 /Pg 20 0 R /P 435 0 R endobj >> /Pg 21 0 R /S /P >> /K 2 >> /K 4 5. /S /P /K 128 >> 289 0 R 290 0 R 104 0 R 105 0 R 106 0 R null null 291 0 R null null 232 0 obj /S /P /TT3 356 0 R >> >> 281 0 obj /Pg 21 0 R /S /P /S /P /K 9 null 339 0 R null null null 340 0 R null null 125 0 R] /S /P /Lang (EN-US) /Pg 14 0 R /Lang (EN-GB) /Pg 17 0 R In the second phase (2005 to 2008), no project was picked from Nigeria but the cost range was from $62,400 to . /P 484 0 R /P 465 0 R /Parent 9 0 R << 3. >> << /K 0 /K 39 endobj >> << /S /P /Lang (EN-US) /Lang (EN-GB) 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 147 0 R 148 0 R 149 0 R 150 0 R 151 0 R endobj endobj Wages, benefits and other related costs of centralized accounting personnel and employees employed by Managing Agent and assigned to work exclusively or partly at the Managed Premises shall be fairly apportioned and reimbursed, pro rata, by Owners in addition to the Fee and Construction Supervision Fee (each as defined in Section 6). /Lang (EN-GB) 21 0 obj endobj Image Bali International (IBI) Manpower Agent is recruitment and As the leader in commence of this movement in Bali, Image Bali Our Tukang Terrazzo, Bali Terrazzo Specialist is sub division Prices are competitive and you can just prove it by making your order Our stones carving are produced with very high skilled carvers who Do you like handmade crafts? /P 452 0 R In that case, what will you use to fight back or at least be paid compensation for your property? Once you break down your ETC with the above template, you then multiply each segment by its corresponding percentage. << endobj << /Pg 17 0 R mo *=L*rP(5{ba,v8\Qv .y@*B(;lr>j%#Z#M"hIr^]uRS~2/x& << << /K 3 /Pg 17 0 R /Lang (EN-GB) /Lang (EN-GB) "This allows me to have firm costs for a job I really want instead of blindly marking up by 1.67. /Pg 24 0 R >> . /Lang (EN-GB) /K 1 /K 7 /Lang (EN-GB) >> /P 462 0 R The calculations in this post were done using the 1996 condition of engagement for architects which is still commonly used today. /S /P * Negotiate and settle final accounts. >> Take the total and that is your total professional fee. endobj /Parent 4 0 R 152 0 obj endobj /P 447 0 R x]Kf$A&v';{fB/eY Q@}5"u7 /S /LBody /K 43 239 0 obj /P 444 0 R 0000003362 00000 n mjd%-@ysqUc465 WDSeL|k|:SUJ%}[I3[;v~/@GK6|wc:m~}gN: ! q:SXtsr.Zbbs3,FfY>fD@,sgro^,kL}Yal]zjg8nrU>pa+|cWa|`o"k[f^_Ck^^7Y U+A5{qj;l/luhTQ'bV, }5k[fcG #QCU Q[(T|YYm /P 451 0 R Introduction >> He should be able to apply the different monitoring techniques to achieve the objectives. /Pg 24 0 R /K 129 /TT2 358 0 R /Chart /Figure /Lang (EN-US) /S /P /Lang (EN-GB) endobj 185 0 obj << /Type /Catalog 46 0 obj /Type /Annot /CS0 [/ICCBased 353 0 R] /S /P 328 0 obj << endobj /K 2 Have your budget. /P 10 0 R /CropBox [0.0 0.0 595.2 841.92] >> >> endobj /S /P /DropCap /Figure /P 429 0 R /S /P /Lang (EN-GB) /K 63 /P 507 0 R << /Lang (EN-GB) repetition of work because of an error or image quality jobs that do not /P 408 0 R 83 0 R] /P 10 0 R /ColorSpace << /F11 366 0 R 2015-10-28T20:42:14+03:00 endobj /S /P While Adedeji(2010) observed that about sixty (60) per cent of the total housing . 1 Comment. /Font << >> /Pg 14 0 R /S /L /Lang (EN-GB) >> /Strikeout /Span >> 254 0 obj /P 10 0 R /Lang (EN-GB) 332 0 obj endobj 8 . >> >> /Lang (EN-US) /P 510 0 R /K 42 endobj >> /Type /Page /P 452 0 R /Pg 15 0 R /Pg 20 0 R << /K 113 /K 22 /S /P /P 10 0 R 318 0 obj /Lang (EN-GB) /S /P 162 0 obj /A 398 0 R >> /Lang (EN-GB) << endobj /P 494 0 R /S /P 253 0 obj >> >> /StructParents 7 >> >> >> /P 10 0 R /P 10 0 R * Manage the cost of construction projects from pre-contract to post-contract stages. /S /P /Lang (EN-GB) /P 463 0 R The research aimed at appraising or assessing supervision of building projects in Ekpoma, Edo state. << 174 0 obj /K 127 74 0 obj /K 92 >> /S /P << endobj endobj * Provide advice on contractual and commercial matters. /K 29 /C2_0 374 0 R /Pg 22 0 R /Lang (EN-GB) /K 2 /P 464 0 R Lagos Badagry Expressway Expansion Project. /Pg 20 0 R /P 462 0 R /S /P /Pg 24 0 R /K [401 0 R 402 0 R 403 0 R 404 0 R 405 0 R] /TT2 375 0 R Work Supervision includes several aspects: To design a format that is obtained in hard copy paper is composed of A3 and A4 as an attachment to adjust the selection of the selected design package. 1.2.2 OBJECTIVES This project has the following objectives: To identify the behavioural pattern of building cost within a given period of time. << endobj 94 0 R] /K 6 /Pg 22 0 R A good example is an estate design, where all the buildings are alike. >> /Pg 20 0 R >Zg3c , >JJ`k9tD3J;me, !djaFaDzo#=/vX5@zU#{WY5{p,847*pCiTHq#iot6_%v>)J << >> 242 0 obj endobj xref >> >> /TT0 363 0 R /K 3 52 0 obj /First 7 0 R >> endobj endobj /P 423 0 R /S /P /Lang (EN-GB) /Lang (EN-GB) /Pg 20 0 R /TT3 375 0 R endobj /TT0 356 0 R 33 0 obj 206 0 obj /P 463 0 R /K 14 /Lang (EN-US) 127 0 obj /Lang (EN-GB) /Pg 20 0 R /Rotate 0 /Font << It involves the use of percentages. >> /S /P >> /K 35 /Pg 19 0 R /Pg 17 0 R /Nums [0 [25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R endobj /Lang (EN-GB) /S /P /P 466 0 R endobj /P 460 0 R endobj >> 0000001020 00000 n /K 55 Posted by: FEMI ADEFAKA endobj endobj /K 29 Dangote refinery is one of the largest construction projects in Nigeria. << /Lang (EN-GB) /Pg 20 0 R /P 471 0 R endobj endobj /S /P /K 46 /S /P << >> /S /P /Pg 24 0 R 99 0 obj /S /LBody /A 13 0 R << 37 0 obj >> << /CS0 [/ICCBased 353 0 R] /P 10 0 R /Pg 18 0 R /TT3 361 0 R endobj >> /Lang (EN-US) /P 468 0 R endobj 39 0 obj >> /Lang (EN-GB) /S /P 136 0 obj /K 0 << Who can stand for him, or recommend him to carry out your job? >> << /Pg 18 0 R 116 0 obj << The Port of Onne Complex contains two major terminals: the Federal Ocean Terminal and the Federal Lighter Terminal. << /H /I Lagos Ibadan Railway Modernisation Project is a section of the greater LagosKano Standard Gauge Railway. /P 10 0 R /P 454 0 R /K 17 17 0 obj Construction was delayed by heavy rains in Spring 2018,and the Nigerian government had to deploy soldiers to protect the railway workers from hoodlums and armed robbers. 159 0 obj >> >> endobj endobj /P 424 0 R /P 10 0 R /K 41 /S /LBody /P 443 0 R /Lang (EN-GB) << /P 431 0 R /S /P /K 3 161 0 obj /TT0 363 0 R 110 0 obj 339 0 obj /K 97 /Lang (EN-GB) << Olokola Deep Seaport is expected to cost $12 billion making it one of the most expensive and largest construction projects in Nigeria. /K 18 /Lang (EN-US) It is a 650,000 barrels per day (bpd) integrated refinery and petrochemical project under construction in the Lekki Free Zone near Lagos, Nigeria. /S /P /K 83 154 0 obj /Pg 18 0 R /P 456 0 R /K 408 0 R /K 11 endobj /P 10 0 R >> 5 0 obj /K 7 Construction was further delayed by the2019 Nigerian general election, when CCECC evacuated its Chinese employees as a precaution. /K 19 endobj /P 10 0 R /Pg 21 0 R endobj /K 3 Hiring a construction manager costs an average of $29,142, or between $2,780 and $58,354. >> There is so much misunderstanding about how to calculate the professional fees of architects and engineers in the building industry. /S /P If you are a businessman with an approved plan, you can turn your property as collateral to obtain loan from the bank to help your business. << /S /P endobj /TT6 362 0 R /Lang (EN-GB) endobj 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R 304 0 R 305 0 R 306 0 R 307 0 R /S /P >> /Lang (EN-US) /S /L /Lang (EN-GB) /P 10 0 R 7 0 obj /K 5 '#g[ /Lang (EN-US) endobj /Lang (EN-GB) /P 457 0 R /TT5 361 0 R /P 10 0 R >> >> endobj endobj /Lang (EN-GB) /Lang (EN-GB) << /Type /Page /P 10 0 R /P 455 0 R There may be a tendency to apply the scale of fees to the total ETC of this project. /Lang (EN-GB) /K 6 /Lang (EN-GB) /S /P << The Federal Government of Nigeria has received financing from the African Development Bank hereinafter called the Bank toward the cost of the Nigeria Electrification Project, and intends to apply part of the proceeds toward payments under the Contracts for Development Plus Operations & Maintenance of Solar Hybrid Power Plants for Eight (8) Federal Universities and One (1) University Teaching . /Pg 20 0 R /P 471 0 R /P 10 0 R >> >> /S /P null null null 332 0 R null null null 333 0 R null null /Lang (EN-US) endobj /Contents 378 0 R << 100 0 obj When architects are hired to perform services beyond their normal services or contract period, then they are entitled to remuneration based on time charges. << /Lang (EN-GB) /K 55 >> /P 451 0 R /K 67 The study revealed a significant relationship between the cost of rework and initial and final project cost of delivering commercial buildings, as an average of 3.53% impact on the initial. %PDF-1.5 endobj /Font << /Lang (EN-GB) /P 469 0 R /P 10 0 R Construction professionals should be well informed of these consequences (cost overruns) at an early stage, in order to evaluate the extent to which these consequences could be minimised. /K 16 endobj << /S /P /K 10 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R 259 0 R 260 0 R 99 0 R] /S /P /Lang (EN-GB) << /Lang (EN-US) endobj 113 0 obj /S /P The major difference is in the percentage each consultant is entitled to. endobj /Lang (EN-GB) << /Lang (EN-GB) /K 89 For the selection of building's project contractor is significant the ratio among quality and cost, which should be 60 % versus 40 %. /K 9 >> /Lang (EN-GB) << 156 0 obj /K 2 << /P 462 0 R Building professionals can be of immense benefits when you need them at short notice and at little cost. >> /Pg 20 0 R /K 10 /Pg 17 0 R /Pg 20 0 R 274 0 obj /K 95 >> Here, architects can choose to charge hourly rates, daily rates or man-month rates. /K 1 125 0 R] /StructParents 10 /S /P endobj /Pg 20 0 R /Pg 20 0 R /S /LBody /Lang (EN-GB) /Pg 22 0 R /P 471 0 R 153 0 obj << /Lang (EN-GB) /K 4 endobj fat /P 465 0 R /MediaBox [0.0 0.0 595.2 841.92] << /S /P >> /TT2 356 0 R /Rect [0.0 813.736 595.2 841.92] /K 28 /K 9 >> /K 106 endobj /P 10 0 R endobj /Lang (EN-GB) >> 338 0 obj /Lang (EN-US) /Lang (EN-GB) << /K 99 /Rotate 0 245 0 obj << An integral part of management is monitoring. Your email address will not be published. << endobj Hi Bunmi, endobj /Pg 20 0 R /Contents 376 0 R The rates associated with this time have already been spelled out by the professional bodies. Required fields are marked *, School of Estate celebrates successful completion of her Real Estate Business Course 53rd Stream, The Affordable Mass Housing Provision N3trillion Pension Boost, Why cement price is highest in Kano, Lagos markets, Stakeholders query FGs costly housing prices nationwide. Keywords: Cost overrun, public building, construction project, effect of, cost overrun, project management. >> /Tabs /S On building projects, Architects are aware they are to charge 4.75% but often wrongly apply it. endobj /Lang (EN-GB) << endobj >> /P 469 0 R /P 455 0 R /P 416 0 R /Lang (EN-US) /S /P >> The Federal Ocean Terminal has 750 meters of quay and three births. /P 462 0 R /Artifact /P /Pg 18 0 R Acrobat PDFMaker 11 for Word /Lang (EN-GB) /K 15 /Pg 20 0 R You can also provide a canteen for the workers welfare and free drinking water to prevent dehydration. /K 7 141 0 obj /Pg 20 0 R /S /P |`a;l@}w}v_>zfv+o?#K6J%*LlVo,6SqE[G$zI|''). << 2 0 obj /Parent 9 0 R "I probably come close to someone who marks up 1.67, but I know my exact costs," he says. << /TT2 364 0 R /Pg 23 0 R /Lang (EN-GB) << endobj 286 0 obj /K 15 PS. /K 38 /F 0 << /S /P /Pg 20 0 R /S /P /S /P /K 117 << /ColorSpace << /Rotate 0 /K 33 << /Resources << /Border [0 0 0] /K 25 /S /P /S /P << /P 459 0 R << 9 0 obj /S /P /P 10 0 R 45 0 obj /S /P /S /P endobj /Pg 20 0 R endobj /P 479 0 R /K 18 /S /P /Pg 20 0 R /Lang (EN-GB) /K 2 endobj /S /P /P 10 0 R >> /P 10 0 R endobj 0000007165 00000 n /P 456 0 R /S /P /P 420 0 R /Superscript /Span endobj I will focus on the scale of fees but briefly shed some light on time charges. /Lang (EN-GB) 307 0 obj /K 2 /Pg 20 0 R /K [393 0 R 394 0 R 395 0 R 396 0 R 397 0 R] /Pg 18 0 R << endobj 83 0 obj 278 0 obj 236 0 obj /K 20 >> The results revealed that the percentage of cost overruns ranged from a minimum of 5.56% with 90% project completion, and within 88% of the estimated time limit, to a maximum of 216.08% with merely 5% project completion, and within 8.3% of the estimated time limit. /P 492 0 R |T4) Fy0jXTm]ntE2V@O! endobj /Pg 20 0 R endobj 36 0 obj /Pg 24 0 R 238 0 obj /Lang (EN-US) /S /P 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R /P 432 0 R endobj /P 10 0 R HUMo0W(jYXv0Y#E:. /Pg 15 0 R /Lang (EN-GB) . >> /K 102 /S /P << /S /P 71 0 obj The total amount of cost overruns for any construction project can be fully determined once the project is completed. << 269 0 obj << endobj /Lang (EN-GB) /P 455 0 R 294 0 obj /Lang (EN-GB) /S /LBody /P 462 0 R /S /P >> Fee calculation for repetitive building can be tricky. /S /P /K 0 /P 426 0 R endobj /Pg 21 0 R /Lang (EN-GB) /S /P /P 10 0 R 230 0 obj /P 440 0 R Work Supervision is calculated based on the value of the project (Construction Cost) that is equal to 4% to 7% of project value (The higher the percentage of project value calculation for the cost of supervision of the smaller), (Please calculate the cost of your project under the supervision of project value in the table below).

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