doi: 10.18178/ijimt.2017.8.2.717
Construction Projects Cost Overrun: What Does the Literature Tell Us?
Abdulelah Aljohani
,
Dominic Ahiaga-Dagbui ,
David Moore
- Scott Sutherland School of Architecture and Built Environment, Robert Gordon University, Garthdee Road, Aberdeen, AB10 7QB, Scotland, UK.
Abstract
Construction industries have a poor reputation in terms of finishing projects on budget. Nine out of ten projects normally experience cost overrun. Different causes for cost overrun have been identified. This paper critically reviews the literature concerning cost overrun in construction projects in different countries to identify the main potential causes. 173 causes of cost overrun have been found in seventeen contexts with the main potential causes being: frequent design change, contractors’ financing, payment delay for completed work, lack of contractor experience, poor cost estimation, poor tendering documentation, and poor material management.
Keywords
- Construction projects
- cost overrun
- literature review
How to Cite
Abdulelah Aljohani, Dominic Ahiaga-Dagbui, and David Moore, "Construction Projects Cost Overrun: What Does the Literature Tell Us?," International Journal of Innovation, Management and Technology, vol. 8, no. 2, pp. 137-143, 2017. https://doi.org/10.18178/ijimt.2017.8.2.717
Copyright & License
Copyright © 2017 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).