Cost Implication Of Delay In Public Sector Projects In Niger State

Abstract

Delay in completion of work and the costs associated with such delays are the most common causes of dispute encountered during the administration of building contracts. The study appraised the cost implication of delay on public sector projects in Niger state. Historical data from 24 projects initiated by the state between 1998-2003 were examined. Also, oral interview was conducted to know the procurement method adopted in the execution of the projects. Cost and time variants were regressed using simple regression analysis to determine whether there was any statistical relationship between them. It was found out that only one of the projects had no cost and time overrun, there was no statistical relationship between cost and time. It is suggested among other things that a more pragmatic procurement method such as construction management should be adopted.