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Time-cost model for building projects in Nigeria

Listed author(s):
  • D. R. Ogunsemi
  • G. O. Jagboro
Registered author(s):

    The concept of project duration is important in assessing the success or viability of a construction project. A time-cost relationship for construction projects in Nigeria has been developed based on Bromilow's time-cost model. Cost data on 87 completed building projects executed within the period 1991-2000 were obtained. The data were subjected to regression analyses using double log and later the piecewise model with breakpoint. For the Nigerian situation, the Bromilow's time-cost model was found to be T = 63C0.262 with poor predictive abilities (R = 0.453, R2 = 0.205). An improved model using piecewise model with good predictive abilities (R = 0.875, R2 = 0.765) was found to be T = 118.563-0.401C (C ≤ 408) or 603.427 + 0.610C (C>408). The model is shown to be useful in predicting construction project durations.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/01446190500521041
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    Article provided by Taylor & Francis Journals in its journal Construction Management and Economics.

    Volume (Year): 24 (2006)
    Issue (Month): 3 ()
    Pages: 253-258

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    Handle: RePEc:taf:conmgt:v:24:y:2006:i:3:p:253-258
    DOI: 10.1080/01446190500521041
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    1. Albert Chan, 1999. "Modelling building durations in Hong Kong," Construction Management and Economics, Taylor & Francis Journals, vol. 17(2), pages 189-196.
    2. Daniel Chan & Mohan Kumaraswamy, 1999. "Modelling and predicting construction durations in Hong Kong public housing," Construction Management and Economics, Taylor & Francis Journals, vol. 17(3), pages 351-362.
    3. S. Thomas Ng & Michael Mak & R. Martin Skitmore & Ka Chi Lam & Mark Varnam, 2001. "The predictive ability of Bromilow's time-cost model," Construction Management and Economics, Taylor & Francis Journals, vol. 19(2), pages 165-173.
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