>> >> 0000010996 00000 n /PageLayout /OneColumn 0000052497 00000 n /Type /StructTreeRoot 267 0 obj /S /P /Lang (EN-US) /K 63 327 0 obj I am glad you found my articles educative. /Lang (EN-GB) /P 469 0 R /Lang (EN-GB) /Lang (EN-US) /P 461 0 R endobj >> endobj /P 10 0 R 77 0 obj /Pg 21 0 R 182 0 obj 50% (Final drawings and tendering) Stage 2. >> >> endobj /Resources << /Lang (EN-GB) /Lang (EN-GB) endobj 254 0 obj /K 123 /K [401 0 R 402 0 R 403 0 R 404 0 R 405 0 R] Fixing issues around your home can make it more efficient and comfortablenot to mention increase its value. >> << /Lang (EN-GB) /Font << /K 75 << << /Lang (EN-GB) /Pg 20 0 R /S /P /Pg 18 0 R 283 0 obj /Lang (EN-GB) Keywords: Actual cost, cost overrun, estimated cost, Nigeria, building projects. /Lang (EN-GB) /CropBox [0.0 0.0 595.2 841.92] >> /S /P On building projects, Architects are aware they are to charge 4.75% but often wrongly apply it. /S /P 246 0 obj /P 464 0 R /Contents 373 0 R /P 444 0 R /Pages 4 0 R endobj This is according to the Africa Construction trends 2019. >> The Federal Government of Nigeria has received financing from the African Development Bank hereinafter called the Bank toward the cost of the Nigeria Electrification Project, and intends to apply part of the proceeds toward payments under the Contracts for Development Plus Operations & Maintenance of Solar Hybrid Power Plants for Eight (8) Federal Universities and One (1) University Teaching . >> /P 437 0 R endobj /S /P >> >> /K 26 << >> << << /CropBox [0.0 0.0 595.2 841.92] You are the boss and pay only when the job is satisfactory. << 138 0 obj /Pg 20 0 R /K 7 /Pg 20 0 R /CropBox [0.0 0.0 595.2 841.92] Also, Repetitive reduction doesnt apply to external works, stage 3 fees (site supervision), or post-contract services of the project. It has the capacity to attract over $9 billion in revenue annually, making it a major industrial estate. /K 25 endobj /Lang (EN-GB) /S /P << 54 0 obj /S /P << /P 489 0 R endobj /K [383 0 R 384 0 R 385 0 R 386 0 R] << /TT4 364 0 R 55 0 obj >> /Contents 382 0 R /S /P /K 122 << /Lang (EN-GB) 41 0 obj endobj << /Pg 21 0 R >> 64 0 obj 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R 259 0 R 260 0 R 99 0 R] /K 1 % /C [0.718 0.329 0.0] 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R << << >> << 303 0 obj endobj /Contents 379 0 R I have 18+ years of experience in complex roles requiring cost management and estimation for international high profile projects high in value. /P 10 0 R /P 455 0 R /Pg 18 0 R >> << endobj /Lang (EN-GB) /Font << endobj >> The cost of the road project selected from Nigeria was estimated at $190,200 per km. Centenary City is a master-planned development overseen by Centenary City Developers FZE, in a joint venture agreement with Centenary City PLC and Front Range Developers FZE, as part of Nigerias vision to create the city of the future smart cityalong the same lines asDubai,MonacoandSingapore. /K 33 /P 466 0 R /S /P 305 0 obj /K 94 endobj << /Pg 21 0 R /Lang (EN-GB) One of the things to put into cognizance if you are to supervise building projects is that you will always be expected to spend more at the end of the day, so earmark at least 20% of the estimate for your building for contingencies. << 307 0 obj /Pg 17 0 R endobj >> >> /S /P >> /Pg 14 0 R endobj /K 47 << endobj @/Kk!XThC0 /K 23 Based on these findings, it can be concluded that continuous investigation into, and analyses of cost overruns at stages of building projects would encourage professionals to apply the best mitigation measures, in order to achieve a significant reduction in the total cost overrun at the completion of a project. /Pg 17 0 R /Lang (EN-GB) /P 10 0 R /Filter /FlateDecode endobj 162 0 obj /K 13 252 0 obj /Lang (EN-GB) H|Un0+x$%jj zAFcHver7owMS~WpQmVZi~VF CV'-. repetition of work because of an error or image quality jobs that do not << /P 473 0 R 284 0 obj /Pg 23 0 R 5 [84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R /Pg 24 0 R /Pg 18 0 R 175 0 obj /Lang (EN-GB) /Pg 24 0 R << /Subscript /Span %PDF-1.5 /Lang (EN-GB) /P 10 0 R endobj |T4) Fy0jXTm]ntE2V@O! /Pg 20 0 R /S /P <]/Prev 182772>> >> >> endobj 148 0 obj /P 454 0 R /K 31 << << /P 10 0 R /Pg 20 0 R In a situation like this, another method can be used to determine the ETC. /K 11 /Lang (EN-GB) /P 10 0 R /Tabs /S However,this article has helped me to understand these changes better.As I could compare your detailed breakdown and calculations with the revised one. /P 452 0 R /Pg 16 0 R /P 477 0 R <>>> /Pg 20 0 R /Font << /Lang (EN-GB) 99 0 obj /K 52 /K 24 >> Who can stand for him, or recommend him to carry out your job? Contingencies. /Pg 17 0 R endobj /StructParents 0 /Pg 20 0 R best to minimize errors that result in demolition and unnecessary The berths have been repaired and deepened to eight meters to accommodate some larger vessels. /P 10 0 R /S /P /P 383 0 R A builder should be concerned with monitoring and evaluating the construction project. /S /L /Pg 20 0 R 9 [115 0 R 116 0 R 117 0 R 118 0 R 119 0 R null null 312 0 R null null The results revealed that the percentage of cost overruns ranged from a minimum of 5.56% with 90% project completion, and within 88% of the estimated time limit, to a maximum of 216.08% with merely 5% project completion, and within 8.3% of the estimated time limit. /S /P >> >> Your donation is guaranteed to directly contribute to Africans sharing their research output with a global readership. >> /Lang (EN-GB) >> /Pg 20 0 R /Lang (EN-GB) endobj The core function of a builder in any construction project is Building Production Management. /Count 11 /S /P /Lang (EN-US) /Lang (EN-US) "This allows me to have firm costs for a job I really want instead of blindly marking up by 1.67. /Lang (EN-GB) /TT2 361 0 R << 211 0 obj It may ruin your plans and you may land in a problem with which you have to incur greater cost of solving, than seeking professional advice. 34 0 obj endobj /Pg 20 0 R << /Pg 21 0 R /S /P meet the requirement. /K 20 287 0 obj The breakdown of the sample architects fee given earlier in stages of payment will be as follows. AJOL and the millions of African and international researchers who rely on our free services are deeply grateful for your contribution. /K 11 /S /P /P 10 0 R 239 0 obj 0 endobj /Lang (EN-GB) << 2015-10-28T20:42:17+03:00 endobj /Pg 19 0 R endobj /K 104 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R endobj 0000004087 00000 n 165 0 obj Answer (1 of 5): After 31 years in the business our firm has gradually moved into performing all of our projects on a cost plus a percentage fee. endobj /P 453 0 R /Pg 21 0 R /K 14 >> endobj >> /S /P 68 0 obj 288 0 obj It is important to get approval for your building plan and obtain a building permit from the statutory authorities. /S /P /P 10 0 R /P 10 0 R << /Pg 17 0 R /Lang (EN-US) >> /P 386 0 R /S /LBody /K 41 >> << /Pg 16 0 R /P 462 0 R When architects are hired to perform services beyond their normal services or contract period, then they are entitled to remuneration based on time charges. /S /P >> 33 0 obj 270 0 R 102 0 R 271 0 R 272 0 R 273 0 R 274 0 R 275 0 R 276 0 R 277 0 R 278 0 R endobj << endobj /K 9 << /Pg 24 0 R /Pg 17 0 R 146 0 obj << /Pg 20 0 R It is not an absolute amount. /CropBox [0.0 0.0 595.2 841.92] >> 6 largest construction projects in Nigeria, Upcoming construction projects in Tanzania 2020, The ultimate guide to registering with CIDB Mauritius as contractor, Total survives censure in suit challenging EACOP oil project, Norrsken Kigali House boosts Kigali prospects, Construction projects in Kenya that are changing the face of the country, Lobito Corridor Transit Transport Facilitation Agency agreement, Worlds first Eco-tourism based BAOBAB luxury safari resort in Africa, Five concrete construction projects for the DIY enthusiast, Africa CDC headquarters being constructed in Ethiopia nears completion, Innovative sewer system benefits Nairobi River Communities, Sanral defends move to award tender to Chinese JV after backlash, Trans-Sahara Highway: Niger section almost complete, South Africas energy mix will be much cheaper with renewables-study, Values of prime residential real estate in Nairobi drop-report, Mortgage uptake in Kenya records major drop, Kenya economy will withstand politics, official says. /S /P >> endobj /Pg 24 0 R /P 10 0 R /Pg 21 0 R /Pg 20 0 R endstream If you decide to manage your own building projects, you are committing yourself to a lot of work, stress and the daily site visits for at least a year. /P 10 0 R . /S /LBody /Tabs /S 9v|aAzz-w{n5|b#g1H7"G!|yNOhDN`cFT%*@q=@W rO!zU /K 54 /A 392 0 R <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> >> Image Bali International (IBI) Manpower Agent is recruitment and As the leader in commence of this movement in Bali, Image Bali Our Tukang Terrazzo, Bali Terrazzo Specialist is sub division Prices are competitive and you can just prove it by making your order Our stones carving are produced with very high skilled carvers who Do you like handmade crafts? 114 0 obj << BuyLetLive is the Real Estate Company You Need! /K 37 /P 462 0 R /K 1 /Pg 21 0 R Lagos - Badagry Expressway Expansion Project << /Lang (EN-GB) BGMPI_FYHrK1 C.ZjYN)uKr"XLQdcwqy&&W(sRQO]$dla2*r^A! /Lang (EN-GB) Dangote Oil Refinery, a company owned by the Nigeria-based Dangote Group, is developing the project with an estimated investment of $12bn. There can never be a fixed Price for architectural supervision. /S /P /Pg 21 0 R /Lang (EN-GB) 318 0 obj /P 465 0 R >> /Pg 23 0 R << >> /Pg 19 0 R /Pg 20 0 R << /Im3 370 0 R /Lang (EN-GB) >> 202 0 obj /Lang (EN-GB) << /Pg 18 0 R endobj /S /P /Lang (EN-GB) Since you never know what the future brings, the government can decide to turn your building into a road or even a seaport(you never can tell these days). Take the total and that is your total professional fee. /K 5 I also hope that ARCON, NIA and now ANCA will do more to provide value for us, their members and the profession of architecture. Required fields are marked *, School of Estate celebrates successful completion of her Real Estate Business Course 53rd Stream, The Affordable Mass Housing Provision N3trillion Pension Boost, Why cement price is highest in Kano, Lagos markets, Stakeholders query FGs costly housing prices nationwide. 306 0 obj /S /P /S /P endobj 22 0 obj endobj /Pg 19 0 R /S /P /P 471 0 R /K 15 /S /P 179 0 obj /TT1 359 0 R /Lang (EN-GB) /P 426 0 R 4 0 obj /P 10 0 R /K 5 /K 6 << /Pg 20 0 R /Lang (EN-GB) /K 17 endobj endobj /Pg 22 0 R /Lang (EN-GB) /S /L /Lang (EN-GB) /CS0 [/ICCBased 353 0 R] 135 null 334 0 R null null null 335 0 R null null null 336 0 R >> 103 0 obj /S /LBody /Lang (EN-GB) /P 468 0 R >> 89 0 obj /K 2 endobj >> There may be a tendency to apply the scale of fees to the total ETC of this project. endobj /K [421 0 R 422 0 R 423 0 R 424 0 R 425 0 R] 31 0 obj /S /P endobj 66 0 obj /Lang (EN-GB) /K 29 As you know, several factors can influence construction costs such as project type, project complexity, quality of finishes, construction procurement type, etc. << /Lang (EN-GB) 217 0 obj << /S /P 86 0 obj (2017) An investigation into cost overruns for ongoing building projects in Abuja, Nigeria. /Font << Construction Supervision approach to be adopted, aiming to deliver the best to minimize errors that result in demolition and unnecessary repetition of work because of an error or image quality jobs that do not meet the requirement. endobj Lekki, Lagos State, Nigeria. /Pg 20 0 R /Lang (EN-GB) << }$p>7Prv"eB;lBn+JKzb;:r~1Zx S)Sp,|^(Q]Q=DB` @YMt2tI(hH\*[G >^FEfaS3k6y0Rx?rQ9 5=vb3&yH3{!4r:.4L- :$LT}2qw=>{nTc%tNq&e0XNfm;!}y#p0M:[peV;t$*IiF+ eQX /*q"LNDVJ*MFWy|M^v:V|NhgYS 7r6lZ^Kx8uuBBF^+Z>}?XMsN{;h45 ~s /Lang (EN-US) /TT2 361 0 R >> << endobj /S /P endobj /S /P /K 2 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R /Pg 20 0 R /K [426 0 R 427 0 R 428 0 R 429 0 R 430 0 R 431 0 R 432 0 R 433 0 R 434 0 R 435 0 R endobj 73 0 obj /P 10 0 R endobj >> /S /LBody << 200 0 obj endobj 128 0 obj /Lang (EN-GB) >> 59 0 obj endobj /Lang (EN-GB) >> /Lang (EN-GB) endobj << /Pg 18 0 R << endobj /Pg 20 0 R /P 10 0 R /Pg 20 0 R /Lang (EN-GB) 1.2 AIMS AND OBJECTIVES OF THE STUDY 1.2.1 Aim: The aim of this study is to access the trends in building cost in Nigeria from (2010-2023). /Lang (EN-GB) /K 0 /Pg 19 0 R endobj /P 450 0 R Propose changes and adjustments in the field to solve problems that occur during construction work and the owner is the decision maker. 285 0 obj /Lang (EN-GB) /Pg 15 0 R /Lang (EN-US) endobj /Lang (EN-GB) null 324 0 R null null null 325 0 R null null null 326 0 R endobj 219 0 obj /P 467 0 R << << >> /K 17 << /K 2 /Lang (EN-GB) 121 0 obj /ParentTree 11 0 R 223 0 obj 304 0 obj Are they safe from theft, dampness and excessive heat? endobj /P 10 0 R << /K 61 /P 10 0 R Adobe PDF Library 11.0 << << endobj << >> >> /Pg 16 0 R 20 0 obj >> /Lang (EN-US) The data were sourced from the archival records (drawings, bills of quantities, project progress reports, and specifications) on the issues relating to the costs and duration of building projects. /S /P /Lang (EN-GB) /K 7 /K 15 /Lang (EN-GB) endobj >> 183 0 obj ZMP+lzQP#(\( [fuJxh(,z^/jKRyb^w4Fqc)]X?[`%)4#9IS!bQR)?7{'oiq 1u.pv2hYA;A!3aiG/NFDDaRO>{h4FrMJOY}Euf +S19=I z /S /P << This will help Architects ascertain their worth in the cause of practice. 214 0 obj /Pg 20 0 R /K 31 >> I'm sure the Architect in question is competent, to me that's all that matters. << /Lang (EN-GB) /S /P I trust you are doing good too. /S /P /S /P startxref /S /Sect Before composing tender bids, the cost estimates. >> /P 10 0 R /P 10 0 R /Lang (EN-GB) /TT4 364 0 R /S /P >> 256 0 obj 330 0 obj >> K8\Bk4q/8Ql[gk_]GHi$q /i~$GFVpwbuSPY5?,j~6>I(I'GovHK5CC. /K 66 /Pg 21 0 R endobj endobj >> endobj endstream /P 461 0 R /K 45 >> /Pg 22 0 R /P 463 0 R Set to cost $1.5 billion, the Lagos Ibadan Railway Modernisation Project is among the largest construction projects in Nigeria. >> /K 22 /S /P To avoid disasters, make sure your contractor stipulates his health measures for his workers especially in a large building. %PDF-1.4 /ColorSpace << << /Type /Page Once you have ascertained the estimated total cost (ETC) of construction the next thing is to break it down. /P 10 0 R /S /P << /Pg 18 0 R /S /P /P 457 0 R /K 6 /Kids [19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R] endobj Greetings to you Arc. >> In that case what should the architect base his judgement on. endobj << >> /P 451 0 R << /Lang (EN-GB) /Pg 20 0 R /Kids [14 0 R 15 0 R 16 0 R 17 0 R 18 0 R] A ground-breaking ceremony finally took place on 7 March 2017, and the railway was scheduled for completion in December 2018. << /Rotate 0 /S /LBody /Pg 21 0 R Fee calculation for repetitive building can be tricky. 174 0 obj /CS0 [/ICCBased 353 0 R] }m(hQseP2WNh9 tbM]e3<>8OVr7E9O5rvVNx&tO /eb; VfLtp6pvX /CropBox [0.0 0.0 595.2 841.92] endobj null null 129 0 R null null] /Pg 22 0 R << /Lang (EN-GB) /K 22 endobj 92 0 obj /K 32 /P 480 0 R /Contents 378 0 R /Pg 17 0 R /K 115 null null null 316 0 R null null 121 0 R null null 317 0 R /P 471 0 R endobj /K 72 >> 172 0 R 173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R 179 0 R 180 0 R 181 0 R /K 97 0000001377 00000 n A good example is an estate design, where all the buildings are alike. endobj You can also save cost unknowingly when you build the biggest possible size you can afford as it will cost less if done at the initial stage rather than as extension later on especially when you are sure of your capabilities. /Creator (Acrobat PDFMaker 11 for Word) /F10 365 0 R endobj You dont multiply 4.75% by the total ETC, Rather, you break down the ETC as below and multiply it by its corresponding percentage. 227 0 obj /K 0 279 0 obj endobj << /Type /Metadata /P 496 0 R endobj /K 13 /Pg 14 0 R /Pg 20 0 R /Pg 22 0 R /P 456 0 R /P 459 0 R << This is the most common method of calculating fees. hb```"NAAd`B@j)3w*oXMY Rq /S /P endobj /P 462 0 R I sometimes wish that we can all unite and insist on professional fees but again judging by the general financial capacity of the public, how many can afford it. /S /P /P 454 0 R Oversee the implementation of construction works in terms of quality, quantity and rate of progress of work achievement. /Superscript /Span /MediaBox [0.0 0.0 595.2 841.92] endobj 111 0 obj /S /LBody /Pg 22 0 R << There are 3 stages of payment. :lfSJk5w|=9[bq^;467|+hC>S]gtiuT,bDu7;58LM).s08hr;0O. /Pg 17 0 R endobj >> /P 10 0 R /P 10 0 R Where you store your materials is also important. >> endobj << /P 452 0 R /S /P /Pg 22 0 R /Pg 22 0 R >> 3. << /Lang (EN-GB) 311 0 obj 334 0 obj The entire projects had average cost overruns of 44.46%, with an average project completion of 52.4%, and within 91.4% of the average estimated time limit. /P 486 0 R /S /P /Lang (EN-GB) /Pg 21 0 R /P 476 0 R << However, you can also learn; The template for professional fee calculation for all building consultants in construction projects is similar. /Lang (EN-GB) /S /P 21 0 obj /S /P /Pg 22 0 R /Pg 21 0 R /Lang (EN-GB) /Pg 15 0 R << /P 10 0 R >> /S /P /Pg 24 0 R /TT2 356 0 R /MediaBox [0.0 0.0 595.2 841.92] /Lang (EN-GB) /K 83 >> /P 440 0 R The total amount of cost overruns for any construction project can be fully determined once the project is completed. endobj >> << /S /P endobj /Im0 368 0 R << /S /P /Pg 20 0 R Top 5 mega construction projects in Tanzania, Top 4 largest construction projects in Ethiopia. /Pg 19 0 R << HUMo0W(jYXv0Y#E:. /Pg 21 0 R endobj endobj << /Lang (EN-GB) /Lang (EN-GB) /Lang (EN-GB) endobj /S /P /F11 366 0 R << /S /P /S /P 117 0 obj 268 0 obj endobj endobj << endobj /P 10 0 R Wages, benefits and other related costs of centralized accounting personnel and employees employed by Managing Agent and assigned to work exclusively or partly at the Managed Premises shall be fairly apportioned and reimbursed, pro rata, by Owners in addition to the Fee and Construction Supervision Fee (each as defined in Section 6). /K 28 >> << ETC is the preliminary amount the Quantity surveyor (QS) arrives at and says would be the approximate cost at which the construction will be executed. /P 451 0 R 145 0 obj /Pg 20 0 R Get a capable and reputable contractor. /Pg 16 0 R Payment system for supervision of work is periodically adjusted every month project value and duration of project implementation. /C2_0 374 0 R 141 0 obj /S /P /TT5 375 0 R >> /P 10 0 R /Lang (EN-US) /Pg 23 0 R The results revealed that the percentage of cost overruns ranged from a minimum of 5.56% with 90% project completion, and within 88% of the estimated time limit, to a maximum of 216.08% with merely 5% project completion, and within 8.3% of the estimated time limit. /Pg 22 0 R >> >>