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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/12262

Title: Research article towards the establishment of relationship between macroeconomic indicators and cost of public educational buildings in Ghana
Authors: Asamoah, Richard Oduro
Baiden, Bernard K.
Nani, Gabriel
Issue Date: 19-Feb-2019
Publisher: Hindawi
Citation: Journal of Engineering Volume 2019, Article ID 6791401, 7 pages https://doi.org/10.1155/2019/6791401
Abstract: Cost of building is usually infuenced by several factors; one of such is frequent changes in macroeconomic variables. Te purpose of this study is to establish the need to conduct further research on the impact of changes in macroeconomic components on the cost of public educational buildings. Te study adopted the qualitative research approach; purposive and snowballing techniques were used in selecting respondents. Questionnaire survey was used to obtain primary data from respondents who were Quantity Surveyors and Estimators. Te questionnaires were analyzed through descriptive analysis. Secondary data was obtained through literature review. Te study revealed that respondents were satisfed with cost management procedures and practices and mainly relied on cash fow, progress reporting, and project cost control methods as means of monitoring and managing project cost. Relative important index, prime rate, interest rate, and infation were some of the macroeconomic components that professionals considered having impact on cost. Te respondents also recommended further studies on the impact of macroeconomic variability on cost of public buildings.
Description: An article published by Hindawi and also available at https://doi.org/10.1155/2019/6791401
URI: http://hdl.handle.net/123456789/12262
Appears in Collections:College of Arts and Social Sciences

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