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- Title
Identifying Causes of Cost-Overruns in Public Projects.
- Authors
Morton, Michael A.; Siddiqi, Khalid M.
- Abstract
This study focuses on the sources of cost-overruns for public construction projects. This paper aims at identifying patterns among delivery methods used for certain types of construction projects for public buildings. The objective of this study was to identify the leading sources of cost-overruns between DBB and CM/GC construction projects for public building projects within the State of Georgia. The study was used to illustrate pattern of relationship between types of cost overruns for each delivery method used. The intended audience is government or public owners and agencies of projects financed through the state funds. The study included comparable projects completed by the above mentioned contractual methods within a five-year span period. The results from the study provide patterns of over-spending on public building projects. The projects analyzed in this study were similar in terms of type, use and scope of work. The study concluded that the owners were the prime cause of most cost-overruns in public buildings. The results also indicated that cost overruns were also caused by the lack of coordination or inadequate program planning.
- Subjects
PUBLIC building design &; construction; COST analysis; GOVERNMENT ownership; PUBLIC finance; FIVE year plans; GOVERNMENT policy; MANAGEMENT
- Publication
Professional Constructor: The Journal of the American Institute of Constructors, 2013, Vol 37, Issue 1, p26
- ISSN
0146-7557
- Publication type
Article