Abstract
Over the past 10 years, there has been a dramatic increase in the costs of building materials in Nigeria, and this development threatens the performance of the construction industry. The objective of the study was to assess the implications of the rising cost of building materials in Lagos State Nigeria. The data pertaining to factors affecting and the implication of rising cost of building materials were sourced from the main contractors, builders’ merchants and consultants who are registered with government bodies through questionnaire survey. The data on the prices of building materials were obtained from the archives of the The Nation Newspaper, Lagos QS News Letter, and field survey of builders’ merchants in 2012. The averages of the prices were used in the calculations of price indices and rates of inflation on building materials. The three most rated factors responsible for the rising cost of building materials are the exchange rate of the Nigeria Naira with a Mean Rated Average (MRA) = 4.4; cost of fuel and power supply, MRA = 4.3; and changes in government policies and legislation, MRA = 4.2, while fluctuations in the construction cost with MRA = 2.8; reduced volume of construction output, MRA = 2.52; and risk of project abandonment, MRA = 2.51, were the three most rated implications. The study concluded that the implications could result in a downward effect on the gross domestic product (GDP) in the nation’s economy.
ABSTRACT
Customary international law and treaties have evolved over the centuries by the willing and active commitments of nations to sub...
ABSTRACT
Maytenus senegalensis (Celastraceae) is commonly known as thorny staff tree or confettii tree, is of high traditional use among...
BACKGROUND OF THE STUDY
The globalization of economic activities has resulted in an increased demand fo...
BACKGROUND OF THE STUDY
Business Education programs are part of the total educational program in Nigeri...
Background to the study
Electronic banking in Nigeria has been considered by many, particularly economi...
ABSTRACT
It is not exaggeration that despite the effort of NAPTIP and other bodies like the ILO, there are still cases and reports of wom...
BACKGROUND OF THE STUDY
The political uncertainty, conflicts and turbulence in Nigeria poses serious concerns for the c...
ABSTRACT
Power consumption is a key consideration in every Wireless Local Area Network Medium Access Control (WLAN MAC) algorithm design...
ABSTRACT
It is popular knowledge that most counties in Africa were at one time or the other under the control of foreign...
Abstract
This research is on the assessment of organizational Leadership Strategies on Organizational Performance. The r...