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dc.contributor.advisor Ekanayake, LL
dc.contributor.author Liyanage, NDM
dc.date.accessioned 2014-08-18T12:20:30Z
dc.date.available 2014-08-18T12:20:30Z
dc.date.issued 2014-08-18
dc.identifier.uri http://dl.lib.mrt.ac.lk/handle/123/10534
dc.description.abstract Cost overrun in any sector brings bad image to the organization and unrest to the professionals. The cost overrun can be resulted either due to risk events or non risk events. Possible non risk events in bridge projects are the scope changes, design changes, quantity increase and variations. However those non risk events produce a justification to the additional cost incurred and it enhance the value of the project adding more properties. On the other hand risk events take place unexpectedly and it wastes the project money and degrades the value of the project. Therefore in order to absorb this risk cost, without making any burden to the project, conventionally it is practicing to allocate contingency budget. However still the most road and bridge contracts do not meet set cost targets as a result of improper assessment of risk factors inherent in construction. The majority of time and cost overruns are attributable to either unforeseen or foreseen events for which uncertainties were not properly accommodated. The Sri Lankan practice is to add a 10% contingency sum in bill quantities to cover the risks or uncertainties. However, even with the presence of this contingency allocation, cost overruns still prevail in the industry. Identification of the root causes for the contingency budget overrun and presenting preventive strategies for the small bridge contracts cover the research topic. en_US
dc.language.iso en en_US
dc.title Factors affecting the contingency budget of bridge projects en_US
dc.type Thesis-Abstract en_US
dc.identifier.faculty Engineering en_US
dc.identifier.degree Master of Science in Construction Project Management en_US
dc.identifier.department Civil Engineering en_US
dc.date.accept 2011-11
dc.identifier.accno 102496 en_US


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