Cost Control Procedure in Mass Housing Development in Ilorin Metropolis, Kwara State, Nigeria

Authors

  • Theophilus O. O. Olowa Department of Quantity Surveying, Kwara State Polytechnic, Ilorin, Nigeria.

Keywords:

Cost Control, Organized Private Sector, Mass Housing, Development, Developer

Abstract

This study investigates cost control Procedure in Mass Housing Development in Ilorin Metropolis, Kwara State, Nigeria. The major aim is on the need for effective control of the direct cost of acquiring a dwelling by a household. The conceptual anchor used in this study is the systems approach. Cross sectional research design using case study approach is adopted. Structured interview is used to elicit information from selected respondents using purposive sampling technique and data analyzed using Statistical Packages for Social Sciences (SPSS 20). Findings revealed that the use of local building materials barely affects the cost of mass housing delivery when compared with other methods of construction. Planning, Programme, disbursement, cash-flow and Elemental Cost Breakdown Structure were found to be adopted for budget preparation of mass housing by the firm. It is recommended among others that regular meeting among project participants can enhance performance; owners should facilitate payment to developers in order to overcome delays, disputes and claims.

Downloads

Published

2015-04-01

How to Cite

Olowa, T. O. O. (2015). Cost Control Procedure in Mass Housing Development in Ilorin Metropolis, Kwara State, Nigeria. International Journal of Economic Development Research and Investment (IJEDRI), 6(1), 22–31. Retrieved from http://icidr.org.ng/index.php/Ijedri/article/view/885

Issue

Section

Articles