scholarly journals Importance of Contract Administration for Timely Construction of Hydropower Projects without Disputes

2014 ◽  
Vol 14 ◽  
pp. 49-51 ◽  
Author(s):  
Gyanendra Prasad Kayastha
Keyword(s):  
Industrial Production ◽  
Economic Loss ◽  
Cost Overrun ◽  
Management Skills ◽  
Successful Performance ◽  
Additional Time ◽  
Project Cost ◽  
Contract Administration ◽  
Direct Economic Loss ◽  
Interest Costs

Most of the large hydropower projects in the region have been behind schedule than agreed in the contracts. Such delays besides project cost overrun cause direct economic loss to the countries in the form of interest costs, loss of energy revenues and loss in industrial production due to shortage of power. With delays, the Contractor finds ways for claim for additional time and cost. Such a situation may be the result of poor contract administration & management skills. Therefore, a fair and just administration of the contract is key to the successful performance of the contract on time, with respect to both budget and quality with minimum dispute events.DOI: http://dx.doi.org/10.3126/hn.v14i0.11265HYDRO Nepal JournalJournal of Water, Energy and EnvironmentVolume: 14, 2014, JanuaryPage: 49-51

scholarly journals Assessment of the ripple effects and spatial heterogeneity of total losses in the capital of China after a great catastrophic shock

2017 ◽  
Vol 17 (3) ◽  
pp. 367-379 ◽  
Author(s):  
Zhengtao Zhang ◽  
Ning Li ◽  
Wei Xie ◽  
Yu Liu ◽  
Jieling Feng ◽  
...  
Keyword(s):  
Growth Rate ◽  
Spatial Heterogeneity ◽  
Economic Loss ◽  
Gdp Growth ◽  
Ripple Effect ◽  
Ripple Effects ◽  
Gdp Growth Rate ◽  
Direct Economic Loss ◽  
Indirect Economic Loss ◽  
Development Levels

Abstract. The total losses caused by natural disasters have spatial heterogeneity due to the different economic development levels inside the disaster-hit areas. This paper uses scenarios of direct economic loss to introduce the sectors' losses caused by the 2008 Wenchuan earthquake (2008 WCE) in Beijing, utilizing the Adaptive Regional Input–Output (ARIO) model and the Inter-regional ripple effect (IRRE) model. The purpose is to assess the ripple effects of indirect economic loss and spatial heterogeneity of both direct and indirect economic loss at the scale of the smallest administrative divisions of China (streets, villages, and towns). The results indicate that the district of Beijing with the most severe indirect economic loss is the Chaoyang District; the finance and insurance industry (15, see Table 1) of Chaowai Street suffers the most in the Chaoyang District, which is 1.46 times that of its direct economic loss. During 2008–2014, the average annual GDP (gross domestic product) growth rate of Beijing was decreased 3.63 % by the catastrophe. Compared with the 8 % of GDP growth rate target, the decreasing GDP growth rate is a significant and noticeable economic impact, and it can be efficiently mitigated by increasing rescue effort and by supporting the industries which are located in the seriously damaged regions.

scholarly journals A BESPOKE APPROACH FOR RELATING MATERIAL WASTE TO COST OVERRUN IN THE CONSTRUCTION INDUSTRY

2017 ◽  
Vol 1 (1) ◽  
pp. 39-52
Author(s):  
Ibrahim Saidu ◽  
W Shakantu ◽  
A Adamu ◽  
I Anugwo
Keyword(s):  
Construction Industry ◽  
Construction Material ◽  
Methodological Approach ◽  
Construction Project ◽  
Project Managers ◽  
Cost Overrun ◽  
Project Cost ◽  
Cost Overruns ◽  
Project Completion ◽  
Final Project

The problems of material waste and cost overruns are common in the construction industry. These problems occur at different stages of a construction project, from planning, design to project completion. The argument on how to eliminate cost overrun has been on-going for the past 70 years as on-site wastage of materials leads to increase in the final project cost. This paper examines the relationship between the causes of material waste and those of cost overrun at the pre-contract and post-contract stages of a project. The desktop methodological approach was firstly adopted in comparing the causes of material waste and those of cost overruns from the literature, in order to determine the possible relationship. Subsequently, interviews were purposively conducted with construction professionals within Abuja, Nigeria, in order to verify the literature based information. The result reveals that all the causes of material waste also cause cost overrun at the pre-contract and the post-contract stages of a project. 96.88% and 81.81% of the causes of cost overrun also cause material waste at the pre-contract and post-contract stages respectively. Other causes which are not related are mostly, the micro-economic and macro-economic factors. These results are not different from those of the interviews conducted with professionals and summarised in the tick box. It was also found that to achieve Effective Construction Material Waste Management (ECMWM) for any construction project, material waste must be controlled at its sources and causes, and at different stages of a project. Based on these findings, it can be concluded that effective management of material waste would translate into a reduction in the level of project cost overrun. The study recommends that construction-project managers, as well as the construction practitioners should encourage the management of material-waste causes, as it has the potential to minimise cost overrun for projects. 

Analyzing Risk Factors Affecting Project Cost Overrun

2013 ◽  
pp. 171-184
Author(s):  
Masateru Tsunoda ◽  
Akito Monden ◽  
Kenichi Matsumoto ◽  
Ryosuke Hatano ◽  
Toshihiko Nakano ◽  
...  
Keyword(s):  
Risk Factors ◽  
Cost Overrun ◽  
Project Cost ◽  
Factors Affecting

Factors Causing Project Cost Overrun in the Telecommunications Industry in Oman

2016 ◽  
pp. 1967-1979
Author(s):  
Zahra A. Al Zadjali ◽  
Hamdi A. Bashir ◽  
Ali A. Maqrashi
Keyword(s):  
Strong Evidence ◽  
Telecommunications Industry ◽  
Company Size ◽  
Cost Overrun ◽  
Project Cost ◽  
Analysis Of Results

Several studies have been carried out to investigate the causes of project cost overrun in different industries worldwide. This paper reports on the results of a study investigating the factors causing project cost overrun in Oman. Data required for this study were collected from 44 project engineers and managers of client and contracting companies involved in telecommunications projects. According to the analysis of results, 14 out of 37 factors are identified as major causes of project cost overrun. While most of the identified factors could affect any types of projects carried out in any country, one of the factors, namely lengthy tendering process might be unique to the projects carried out in Oman. Moreover, this study investigates the association between company size in terms of number of employees and causes of project cost overrun. The results show that there is no strong evidence to suggest that the causes of cost overrun differ significantly according to company size.

Factors Causing Project Cost Overrun in the Telecommunications Industry in Oman

2014 ◽  
Vol 5 (3) ◽  
pp. 84-95 ◽  
Author(s):  
Zahra A. Al Zadjali ◽  
Hamdi A. Bashir ◽  
Ali A. Maqrashi
Keyword(s):  
Strong Evidence ◽  
Telecommunications Industry ◽  
Company Size ◽  
Cost Overrun ◽  
Project Cost ◽  
Analysis Of Results

Several studies have been carried out to investigate the causes of project cost overrun in different industries worldwide. This paper reports on the results of a study investigating the factors causing project cost overrun in Oman. Data required for this study were collected from 44 project engineers and managers of client and contracting companies involved in telecommunications projects. According to the analysis of results, 14 out of 37 factors are identified as major causes of project cost overrun. While most of the identified factors could affect any types of projects carried out in any country, one of the factors, namely lengthy tendering process might be unique to the projects carried out in Oman. Moreover, this study investigates the association between company size in terms of number of employees and causes of project cost overrun. The results show that there is no strong evidence to suggest that the causes of cost overrun differ significantly according to company size.

Tourists “stealing” stuff

2020 ◽  
pp. 135481662096098
Author(s):  
Stephen Pratt
Keyword(s):  
Hot Spots ◽  
Hospitality Industry ◽  
Economic Value ◽  
Economic Loss ◽  
Tourist Behavior ◽  
Hotel Room ◽  
Direct Economic Loss ◽  
Tourism And Hospitality Industry ◽  
Tourism And Hospitality ◽  
The Relationship

Hotel guests are sometimes confused as to what they can take from their hotel room. Passengers are sometimes confused as to what they can take from their flight. When passengers take a flight and hotel guests pay for a room, what items are they entitled to? It is not so clear. This research explores this issue. The economic value of these items can be quite prohibitive and represents a direct economic loss to these tourism businesses. The focus of previous research on theft in the tourism and hospitality industry focuses on tourists being robbed or employees stealing from their employers. This research assesses the self-reported incidence of tourists taking items from hotels and airlines and investigates the relationship between tourists taking both free and not-complimentary items and self-reported ethical tourist behavior. Further, we segment and profile the types of tourists who take items from hotels and airlines. We achieve these research objectives by undertaking a quantitative survey through 538 completed questionnaires captured via an in-person intercept method in commonly frequented tourist hot spots in Hong Kong. The incidence of theft is relatively high for some items, but tourists generally know which items they are entitled to and which they are not. There are three segments of tourists in terms of their self-reported behavior of taking items from hotel rooms and off flights: Honest, Impulsive, and Habituals.

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