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Investigation Of Price Escalation And Its Mitigation Mechanisms On Selected Building Construction Projects Of Jimma University

Submitted2022-05-24
Last Update2023-03-28
TitleInvestigation Of Price Escalation And Its Mitigation Mechanisms On Selected Building Construction Projects Of Jimma University
Author(s)Author #1
Author title:Engineer
Name: Hamelmal Mekonen
Org: Jimma University
Country: Ethiopia
Email: hamelmal2112@gmail.com

Author #2
Author title:Engineer
Name: Alemu Mosisa
Org: Jimma University
Country: Ethiopia
Email: amosisa@gmail.com

Author #3
Author title:Engineer
Name: Frikot Mulatu
Org: Jimma University
Country: Ethiopia
Email: friikotmulatu@gmail.com

Other Author(s)
Contact AuthorAuthor #1
Alt Email: friikotmulatu@gmail.com
Telephone: +251925775389
KeywordsEscalation, Mitigation, Price, Construction Project
AbstractThe construction industry in developing countries is the major contributor to the countries´┐Ż overall economic development and hence requires huge investments. Price escalation is a serious issue for all parties of constructions including clients, contractors and consultants. The objective of this study was to assess the price escalation, factors responsible for escalation and mitigation mechanisms in selected construction projects. Questionnaire survey of twelve workers, interview of seven key informants and a detail case study of one project have been conducted from February 01 to 30, 2020 G.C on four selected Jimma University construction projects which were labeled from Project A to Project D. Data was entered and analyzed using SPSS version 20 and excel. Different factors were responsible for the price escalation. The prominent ones were delay, price increase of construction inputs/inflation, decision delays, delayed material delivery, variation orders, foreign exchange rate/devaluation as well as poor planning and estimation.
Paperview paper 6756.pdf (263KB)

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