slugAnalysis of Improper Material Management Affecting Cost in Construction Projects
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2014, Vol 2, Issue 5
Abstract
The paper aims to fill a void created by the absence of proper materials management on construction sites. Research has shown that construction materials accounts for 50-60% of the total cost in construction projects. For a productive and cost efficiency, material management is very essential. Material mismanagement decrease the contractor’s profit leading to huge losses, and leaving the project in big troubles, therefore the proper management of this single largest component can improve the productivity and cost efficiency of a project and help ensure its timely completion. The existing construction material management practices of contracting companies are investigated in this paper. The study was exclusively assessed through questionnaire survey, interviews, field visits and discussion with the concerned authorities. 26 factors were selected for the proper assessment of most critical factors. The factors are ranked according to the degree of significance as assessed by the respondents. The results obtained from the ranking factors shows that the top five major’s causes of cost overruns are: design issues, market condition, store issues, contractor issues and external issues. Recommendations are given for reducing the material mismanagement in the construction industry.
Authors and Affiliations
P. Lenin, L. Krishnaraj, D. Narendra Prasad, V. R Prasath Kumar
Keywords
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