Monday 23 November 2015

A STUDY ON THE ASSESSMENT ON THE APPROXIMATE ESTIMATE PERRFORMANCE IN FORCASTING THE ACTUAL COST OF CONSTRUCTION PROJECTS IN NIGERIA





ABSTRACT
The purpose of this project work is based on the assessment on the approximate estimate performance in forecasting the actual cost of construction project in Kaduna state Nigeria. The problem is that improving the cost performance of construction project remains one of the challenges facing the construction industry; therefore the essence of this work is to enhance the accuracy and efficiency in actualizing the actual cost of construction project. The project highlighted the background of the study and  also discussed the  problem statement, aims  and objectives, significance of the study, scope and limitations of the study and among others, also in the literature review of the study, nature of the construction industry were discussed and concept of estimating with approaches of estimating were also discussed. The study therefore found that approach to approximate estimating has brought about a road map in estimation of construction project. it is therefore advise that consultancy and construction firms should endeavour to use this method which in actualizing the actual cost of  construction project in other to give client value for his  money. Finally, the conclusive recommendation in assessment on approximate estimate performance in forecasting the actual cost of construction project should be done to attain the aims and objectives of this study.
TABLE OF CONTENTS



Chapter one
1.1            Background of the study-                 -        -        -        -        -        -
1.2            Problem statement-        -        -        -        -        -        -        -
1.3            Aims and objectives-     -        -        -        -        -        -        -
1.4            Significance of the study-        -        -        -        -        -        -
1.5            Scope and limitation of the study-    -        -        -        -        -
1.6            Research methodology-           -        -        -        -        -        -
Chapter two
LITERATURE REVIEW
2.1     Introduction-        -        -        -        -        -        -        -        -
2.2     Nature of the construction industry- -        -        -        -        -
2.3     Construction projects-   -        -        -        -        -        -        -
2.4     The concept of estimating-      -        -        -        -        -        -
2.5     Construction cost estimate-     -        -        -        -        -        -
2.6     Estimating in construction and consultancy firms-        -        -        -
2.7     Types of construction cost estimates-                  -        -        -        -
2.7.1  Preliminary estimates-   -        -        -        -        -        -        -
2.7.2  Detailed estimates-                  -        -        -        -        -        -        -
2.8     Methods of preparing cost estimates-         -        -        -        -        -
2.8.1  Unit Rate method of estimating-                 -        -        -        -        -
2.8.2  Storey enclosure method-                 -        -        -        -        -        -
2.8.3  Cubic Method-     -        -        -        -        -        -        -        -
2.8.4  Approximate quantities method-      -        -        -        -        -
2.8.5  Elemental cost analysis method-                -        -        -        -        -
2.8.6  Cost modelling method-          -        -        -        -        -        -       
2.8.7  Superficial area method-                   -        -        -        -        -        -
2.8.8  Parametric cost analysis-                  -        -        -        -        -        -
2.8.9  Cost planning methods-          -        -        -        -        -        -
2.8.10         Unit quantity method of detail estimating- -        -        -
2.8.11         Measured quantity method of detailed estimating-        -        -
2.9     estimated and actual cost-       -        -        -        -        -        -
2.10   Purpose of cost estimate-                  -        -        -        -        -        -
2.11   Accuracy of construction cost estimate-     -        -        -        -
2.12   Factors influencing the level of accuracy of construction cost estimates-   -        -        -          -                  -        -        -        -        -
2.13   Improving the accuracy of cost estimates-  -        -        -        -
2.14   Requirement for an accurate estimate-                 -        -        -       
2.14.1 Cost information-         -        -        -        -        -        -        -
2.14.2         Application of rates       -        -        -        -        -        -        -
2.14.3         Periodic estimating accuracy review-          -        -        -        -
2.14.4         Measuring accuracy of performance-                   -        -        -
2.15   Studies on cost estimates performance-      -        -        -        -
Chapter three
RESEARCH METHODOLOGY
3.1     Introduction
3.2     Study area
3.3     Characteristic of the study population
3.4     Sampling frame and sampling technique
3.5     Sampling design and procedure
3.6     Administration of the data collection instrument
3.7     Statistical tools for data analysis
3.7.1  Percentile method
3.7.2  Factor analysis method
 3.7.3  Relative importance index
Chapter four
DATA PRESENATATION, ANALYSIS AND DISCUSSION
4.1      Introduction
4.2      Data presentation
4.3      Data and questionnaire analysis
4.4      Identification and assessment of cost estimating methods used for construction projects
4.5      Determining the level of accuracy of construction cost estimates using secondary data
4.6      Factors influencing the level of accuracy of construction cost estimates.
4.7      Discussion of results
  4.8     Summary of findings
Chapter five
CONCLUSION AND RECOMMENDATION
5.1      Conclusion
5.2      Recommendations for implementation
Reference
Appendix (photograph, BOQ, Maps and achitectuaral drawings)
 




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