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The coexistence of the winner's curse and cost overruns in the construction industry implies a cost pendulum in which the winning bid is undervalued, whereas the final payment to the contractor is overvalued. We posit that this results from a strategic interaction between three stakeholders: the...
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Construction industry is one of the leading sectors with its remarkable contribution to the GDP and employment generation in Cambodia. However, one of the major challenges facing the construction industry in Cambodia is poor cost performance of the construction projects. Identifying and...
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This study identifies and examines the factors influencing time and cost overruns on construction project in the south eastern Nigeria. The high level of dilapidation and deterioration of roads and other construction infrastructural facilities seen in this zone could be attributed to abysmal...
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