Title: A comparative study of building construction projects management practices of foreign and local contractors: the case of Commercial Bank of Ethiopia

Authors: Dakito Alemu Kesto; Ephrata Leulseged

Addresses: Department of Accounting and Finance, Addis Ababa University, Addis Ababa, Ethiopia ' College of Business and Economics, School of Commerce, Addis Ababa University, Addis Ababa, Ethiopia

Abstract: Construction projects have playing a major role in Ethiopia's economy. But it is riddled with delay, cost overruns and mediocre quality of work. The main objective of the study was to compare building project management practices of foreign and local contractors. Hence, building projects owned by Commercial Bank of Ethiopia that were undertaken by local contractors were compared with their foreign contractor counterparts on the basis of cost, schedule and quality. The result showed that cost performance and schedule performance of the local and foreign contractors are negatively related. Mainly local contractors should readapt how they manage cost in a way it incorporates the schedule, human and material resources in order which can be aided with various software. Improvements in schedule performance can be made with getting ahead of obstacles like late delivery by ordering pre-emptively a creating a culture of productivity.

Keywords: local contractors; foreign contractors; schedule performance; cost performance; quality performance.

DOI: 10.1504/IJSRECE.2022.127643

International Journal of Sustainable Real Estate and Construction Economics, 2022 Vol.2 No.2, pp.139 - 159

Received: 28 Oct 2021
Accepted: 11 Jan 2022
Published online: 13 Dec 2022 *

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