Effective control measures to minimize cost overrun during construction phase of high-rise residential building projects in Chongqing, China

• Autorzy: Wang Yue , Ghazali Farid Ezanee Mohamed

Identyfikatory

DOI

10.24425/ace.2023.146068

• Języki publikacji: EN

Abstrakty

EN

Cost overrun during construction is one of the most common problems occur in construction projects around the world, which also includes the area of Chongqing in China. At present, there are few studies related to cost overruns at the construction stage of high-rise residential building projects (HRBPs) in Chongqing. The purpose of this study is to develop effective control measures from the contractor’s perspective to help projects to minimize cost overruns during the construction phase of HRBPs in Chongqing. Firstly, through the literature review and semi-structured interviews, 65 cost overrun-related risk factors in construction projects were identified. All the risk factors have been prioritized through the analytic hierarchy process (AHP) based on their importance to project success. Out of the 65 factors identified, 12 were classified as the critical ones that have a great potential to instigate a cost overrun during construction to take place in the real project. There were four risk factors that have the greatest impact on cost overruns, and their weights were 0.04 or above, including low bid, force majeure, undetailed/inaccurate geological survey data, and increased loan interest rates. Finally, control measures were developed for these four critical cost overrun risk factors (CCORFs). The measures developed provided a guideline to control the risk of cost overruns and clear control key points to help contractors minimize cost overruns on construction projects.

Słowa kluczowe

EN

high-rise building; residential building; building project; construction phase; analytic hierarchy process; critical analysis; cost overrun; risk factor; control measure

PL

budynek wysoki; budynek mieszkalny; projekt budowlany; faza budowy; proces hierarchii analitycznej; analiza krytyczna; przekroczenie kosztów; czynnik ryzyka; pomiar kontrolny

• Wydawca: Komitet Inżynierii Lądowej i Wodnej PAN ; Politechnika Warszawska, Wydział Inżynierii Lądowej
• Czasopismo: Archives of Civil Engineering
• Rocznik: 2023
• Tom: Vol. 69, nr 3
• Strony: 79--94
• Opis fizyczny: Bibliogr. 47 poz., il., tab.

Twórcy

autor

Wang Yue

• School of Civil Engineering, Engineering Campus, University Sains Malaysia, Pulau Pinang, Malaysia

• https://orcid.org/0000-0002-2889-2480

autor

Ghazali Farid Ezanee Mohamed

• School of Civil Engineering, Engineering Campus, University Sains Malaysia, Pulau Pinang, Malaysia

• https://orcid.org/0000-0002-3770-1324

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