Browsing by Author "Nyenku, Edmund Abeiku"

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    Cost performance of construction projects in Accra Metropolitan Assembly
    (2015-04-16) Nyenku, Edmund Abeiku
    The Accra Metropolitan Assembly (A.M.A) is one of the local authorities in Ghana, which by statute has considerable responsibility towards providing the needed infrastructure in its area of jurisdiction. This commission can only be achieved through good coordination among both stakeholders that is the A.M.A and contractors who work in the metropolis. This research aimed at assessing cost performance of construction projects in A.M.A by identifying the key performance indicators used in measuring construction performance, identifying the causes of cost overruns and making recommendations to control cost in the construction industry. A literature review was deployed to generate a set of factors believed to affect project cost performance, which included examining other peoples work (dissertations),using the website etc. on the subject area. A total of fifty (50) structured questionnaires were distributed to contractors working on A.M.A projects. Forty Five (45) questionnaires were received from the respondents and the results were analyzed and presented using descriptive statistics and the ranking theory method. The survey findings indicate that material price fluctuation, differentiation of currency prices, high cost of machinery, inaccurate/poor estimation of original cost and incessant variation/change order were the first five factors out of the seventeen factors causing cost overruns in projects administered by A.M.A. Based on the findings, the study recommends that: 1)there should be appropriate scope definition; 2)there should be proper project costing and financing and finally; 3)contractors should use competent personnel in managing their projects.