SOLD BY: A STUDY ON THE ASSESSMENT ON THE APPROXIMATE ESTIMATE PERFORMANCE IN FORECASTING 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.
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