Track: Information Systems and Information Technology

Abstract

This study critically examines the cost information management system used in the Nigerian construction industry and its impact on project performance. It also explores and identifies the current cost information management practices in the Nigerian construction industry, the sources cost information, as well as the underlying factors responsible for poor management of construction cost information. A quantitative research method was adopted, using a structured questionnaire which was administered to practitioners in the Nigerian construction industry using a web base survey. A total of 45 responses were received from the questionnaire administered, out of which 7 were partially completed and 38 fully completed. The empirical findings revealed that many construction practitioners in Nigeria adopt in-house cost information management techniques such as QMATE Estimating Software, Microsoft Excel etc. One of the major limitations identified is the non-existence of national cost database system in the Nigerian construction industry. The study provides a comprehensive insight into how project cost information can be managed effectively to aid successful delivery of construction projects in Nigeria. It proposes strategic recommendations one of which is have an effective national cost database which construction practitioners and stakeholders draw information for project planning through to completion.

Keywords

Nigeria, Cost Information Management, Cost Information Management System, Construction Project.