Institutional-Repository, University of Moratuwa.  

Deciding on the consultancy fee for re-measurement contracts in the Sri Lankan construction industry

Show simple item record Madushani, SDA Seneviratne, LDIP Ganeshu, P 2019-10-29T05:29:56Z 2019-10-29T05:29:56Z
dc.description.abstract Construction industry is the necessary national backbone in developing countries. Consultants are the stakeholders who supplies objective and independent external service to the client. Consulting is gradually becoming a more standard service, price being the main factor in clients’ contracting decision so consulting firms continually strives for cost reductions to provide a competitive pricing advantage. By conducting a comprehensive literature synthesis history about consulting fee decision criteria and IQSSL fee proposal were determined. Subsequently, expert interviews were conducted. Semi structured interviews and reviewing documents were used as data collection methods. Collected data was analysed using code based content analysis. It was revealed that, procurement methods and the consultancy fee have a relationship. Construction management contracts and the re-measurement contracts has the highest consultancy fee. There are number of factors to be considered when deciding on the consultancy fee. Findings suggested that independent quantity surveying consultancy fee is within the range between from 0.4% to 1.2% of the contract sum and IQSSL proposal has to accommodate number of improvements for it to be practiced in the Sri Lankan construction industry. en_US
dc.language.iso en en_US
dc.subject Consortium Service Fee en_US
dc.subject Consultancy Fee en_US
dc.subject Independent Quantity Surveying Service Fee en_US
dc.subject Re-measurement Contracts en_US
dc.title Deciding on the consultancy fee for re-measurement contracts in the Sri Lankan construction industry en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Architecture en_US
dc.identifier.department Building Economics en_US
dc.identifier.year 2019 en_US
dc.identifier.conference 8th World Construction Symposium en_US Colombo en_US
dc.identifier.pgnos 231-238 en_US en_US en_US en_US
dc.identifier.doi en_US

Files in this item

This item appears in the following Collection(s)

  • WCS - 2019 [62]
    Proceedings of the 8th World Construction Symposium

Show simple item record