Moderating Effect of Project Environment on Financial and Contract Management Practices and Construction Cost Overruns in Real Estate Project

Moderating Effect of Project Environment on Financial and Contract Management Practices and Construction Cost Overruns in Real Estate Project

Understanding the complex relationship between a project's environment, financial governance, and community involvement is crucial for managing construction costs in real estate. This research work, therefore, seeks to identify the extent of moderation of project environment on the association...

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Veröffentlicht in:Australian journal of business and management research 2024-09, Vol.8 (2), p.52-65
Hauptverfasser: Kepher, Joanne Akinyi, Rambo, Charles Mallans, Nyonje, Raphael Ondeko
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creator Kepher, Joanne Akinyi
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description Understanding the complex relationship between a project's environment, financial governance, and community involvement is crucial for managing construction costs in real estate. This research work, therefore, seeks to identify the extent of moderation of project environment on the association of the financial and contract management practices with cost overrun in real estate construction projects. The results of the multiple linear regression analysis as well as the Pearson correlation coefficient were significant; this indicates that the project environment had a moderating effect on the relationship between financial and contract management practices and the occurrence of cost overruns in real estate projects. Future research should explore additional variables to gain a more comprehensive view of construction cost overruns.
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title Moderating Effect of Project Environment on Financial and Contract Management Practices and Construction Cost Overruns in Real Estate Project
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