Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors

In construction industry, the key to a successful project lies on the quality of works, completed within the stipulated time with the planned budget. However, unexpected situations from different parties involved may lead to the delay of the works that eventually affect the whole cost of the project...

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Main Authors: Norul Izzati, M. Ashaari, Mohd Amir Shazwan, Hashim, Yong, Sheve Huey
Format: Article
Language:English
Published: INTI International University 2019
Subjects:
Online Access:http://eprints.intimal.edu.my/1326/
http://eprints.intimal.edu.my/1326/1/ij2019_52.pdf
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author Norul Izzati, M. Ashaari
Mohd Amir Shazwan, Hashim
Yong, Sheve Huey
author_facet Norul Izzati, M. Ashaari
Mohd Amir Shazwan, Hashim
Yong, Sheve Huey
author_sort Norul Izzati, M. Ashaari
building INTI Institutional Repository
collection Online Access
description In construction industry, the key to a successful project lies on the quality of works, completed within the stipulated time with the planned budget. However, unexpected situations from different parties involved may lead to the delay of the works that eventually affect the whole cost of the project. The contractor is always been the main party who is dealing with the actual construction scenario that may affect the overall process of the construction project. Hence, this paper aim to investigate the contractor related factors that lead to cost overrun in the Malaysian construction project in Malaysia. A quantitative method was employed in this research by obtaining the data from questionnaire survey to G7 contractors in Selangor. The data were analysed using statistic method and Relative Importance Index (RII) method. The results indicate that improper planning and poor site management ranked the main factors that affect the cost overrun in construction project. Therefore, the results of this study will be beneficial to the contractors in achieving effective cost performance in construction projects in Malaysia.
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spelling intimal-13262024-04-19T06:31:58Z http://eprints.intimal.edu.my/1326/ Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors Norul Izzati, M. Ashaari Mohd Amir Shazwan, Hashim Yong, Sheve Huey HD28 Management. Industrial Management HG Finance T Technology (General) TH Building construction In construction industry, the key to a successful project lies on the quality of works, completed within the stipulated time with the planned budget. However, unexpected situations from different parties involved may lead to the delay of the works that eventually affect the whole cost of the project. The contractor is always been the main party who is dealing with the actual construction scenario that may affect the overall process of the construction project. Hence, this paper aim to investigate the contractor related factors that lead to cost overrun in the Malaysian construction project in Malaysia. A quantitative method was employed in this research by obtaining the data from questionnaire survey to G7 contractors in Selangor. The data were analysed using statistic method and Relative Importance Index (RII) method. The results indicate that improper planning and poor site management ranked the main factors that affect the cost overrun in construction project. Therefore, the results of this study will be beneficial to the contractors in achieving effective cost performance in construction projects in Malaysia. INTI International University 2019 Article PeerReviewed text en cc_by_4 http://eprints.intimal.edu.my/1326/1/ij2019_52.pdf Norul Izzati, M. Ashaari and Mohd Amir Shazwan, Hashim and Yong, Sheve Huey (2019) Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors. INTI JOURNAL, 2019 (52). ISSN e2600-7320 https://intijournal.intimal.edu.my
spellingShingle HD28 Management. Industrial Management
HG Finance
T Technology (General)
TH Building construction
Norul Izzati, M. Ashaari
Mohd Amir Shazwan, Hashim
Yong, Sheve Huey
Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title_full Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title_fullStr Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title_full_unstemmed Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title_short Cost Overrun in Construction Projects in Malaysia: A Study on Contractor Related Factors
title_sort cost overrun in construction projects in malaysia: a study on contractor related factors
topic HD28 Management. Industrial Management
HG Finance
T Technology (General)
TH Building construction
url http://eprints.intimal.edu.my/1326/
http://eprints.intimal.edu.my/1326/
http://eprints.intimal.edu.my/1326/1/ij2019_52.pdf