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Davenport, D M (1997) Client satisfaction with construction cost - a comparative study of French and UK performance. Journal of Financial Management of Property and Construction, 2(03), 77–94.

Deddis, W G, McCluskey, W J, Mamis, A and McBumey, R D (1997) The potential for: market research, property market analysis, & property valuation using (GIS) Geographic Information System technology. Journal of Financial Management of Property and Construction, 2(03), 45–62.

Farrell, M L (1997) Illiquidity, uncertainty and the impact of the term structure of interest rates on the valuation of real estate in a context of Knight-Keynes uncertainty. Journal of Financial Management of Property and Construction, 2(03), 5–30.

Hui, C M, Chiang, Y H and Tang, B S (1997) Asian real estate markets: boom and oversupply?. Journal of Financial Management of Property and Construction, 2(03), 63–76.

Odeyinka, H A and Yusif, A (1997) The causes and effects of construction delays on completion cost of housing projects in Nigeria. Journal of Financial Management of Property and Construction, 2(03), 31–44.

  • Type: Journal Article
  • Keywords: Construction delays; housing projects; completion cost; cost overrun
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    The paper identified, on the basis of a questionnaire survey of general contractors, consultants and house owners in Nigeria, the construction industry's perception of the causes of construction delays on housing sites. On the basis of the cases studied, the effect of construction delays on completion cost of housing projects was investigated. The paper shows that the causes of housing projects construction delays can be nested in four layers namely: (1) Client-caused delay manifested mainly in terms of failure to meet financial obligations to the contractor as they fall due and frequent variation orders; (2) Contractor-caused delay manifested in terms of resource supply problems; (3) Extra contractual delay manifested in terms of inclement weather, acts of God, strikes, labour disputes and civil disturbances; and (4) Consultant-caused delay manifested in terms of late issuance of instruction and incomplete drawings. On the basis of the cases studied, the paper concludes that loss and expense claims due to delay and fluctuation claims during delay period had significant effect on cost overrun and thus impact significantly on the completion cost of housing projects.