376 AJBMR • Doi Publications
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  • Moderating Effect of Project Environment on Financial and Contract Management Practices and Construction Cost Overruns in Real Estate Project
     
    ► Joanne Akinyi Kepher
     jokepher@gmail.com (Corresponding Author) 
     http://orcid.org/0000-0002-5419-1098

    ► Charles Mallans Rambo
     crambo@uonbi.ac.ke
    http://orcid.org/0000-0001-5300-1678

    ► Raphael Ondeko Nyonje
     raphael.nyonje@unobi.ac.ke
     http://orcid.org/0000-0002-5300-1547

    Received: 20 May, 2024
    Final Revision: 4 September, 2024
    Accepted: 12 October, 2024
    Published: 03 November, 2024
      10.52283/NSWRCA.AJBMR.20240802A05
     
    Abstract

    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.
    Keywords: Project Environment, Financial Governance, Community Involvement, Construction Cost Overruns
     

    Pages:52-65 :: Download-View
 
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