Assessment of Factors Affecting Cost Management in Low Cost Housing Project Delivery in Ebonyi State

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@article{1719308,
      author = {Ibiyemi Mutiu Tolani, Chukwuemeka Ngwu, Nwobu Ifeanyichukwu Chukwunonso, Eze Gideon Chigozie},
      title = {Assessment of Factors Affecting Cost Management in Low Cost Housing Project Delivery in Ebonyi State},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {12},
      pages = {3253-3260},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1719308.pdf},
      abstract = {This study assessed the factors affecting cost management and the challenges hindering effective cost control in low-cost housing project delivery in Ebonyi State, Nigeria. A descriptive survey research design was adopted, and data were collected from 278 construction professionals, including quantity surveyors, architects, builders, engineers, project managers, and contractors. Data were analyzed using mean score, standard deviation and ranking techniques. The findings revealed that fluctuations in construction materials prices, poor supervision and site management,ineffective communication among stakeholders, inflation, inaccurate cost estimation, and inadequate funding are the major factors affecting cost management in low-cost housing projects. The study further found that delayed release of project funds, inflation, inadequate cost monitoring systems, and frequent design changes are the major challenges hindering effective cost management. The study concludes that effective planning, proper financial management, continuous cost monitoring, and stakeholder collaboration are essential for improving cost performance and enhancing affordable housing delivery in Ebonyi State.},
      keywords = {Cost Management, Cost Control, Low-Cost Housing, Housing Project Delivery, Construction Industry, Ebonyi State},
      month = {June},
      doi = {https://doi.org/10.64388/IREV9I12-1719308}
  }