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International Journal of New Developments in Engineering and Society, 2024, 8(3); doi: 10.25236/IJNDES.2024.080304.

Research on the Influencing Factors of Cost Overruns in Construction Projects

Author(s)

Wu Qian1,2

Corresponding Author:
Wu Qian
Affiliation(s)

1Anhui Xinhua University, Hefei, Anhui, China, 230088

2Postgraduate Centre, Management and Science University, University Drive, Off Persiaran Olahraga, 40100 Shah Alam, Selangor, Malaysia

Abstract

As a pillar industry driving economic progress, the construction industry is currently experiencing rapid development and receiving strong support from the country and government. Nowadays, many construction projects involve a large amount of capital investment, and cost overruns often occur due to various factors. In order to achieve ideal economic benefits while ensuring the quality of the project, construction units should actively explore the possible influencing factors of project cost overruns and take timely control measures. This paper focuses on studying the main factors that affect cost overruns in construction projects, which can provide reference for practical situations.

Keywords

Construction engineering; Cost overruns; Influence factor

Cite This Paper

Wu Qian. Research on the Influencing Factors of Cost Overruns in Construction Projects. International Journal of New Developments in Engineering and Society (2024) Vol.8, Issue 3: 18-23. https://doi.org/10.25236/IJNDES.2024.080304.

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