Impact Factor (2025): 6.9
DOI Prefix: 10.47001/IRJIET
Purpose:
This study examines the effects of cultural factors on cost performance of
multinational construction project organisations with a view towards
identifying the most effective cost performance variables affected by the
influence of cultural practices. Purposive sampling technique was adopted in
deterring the number of construction professionals identified in construction
companies with international market experience involved in the delivery of
building, civil, and heavy engineering construction projects within the
south-east geopolitical zone of Nigeria.
Outline: A
well-structured questionnaire was used to sample respondent’s opinion. Data
analysis was through frequencies, percentile, and Mean Item Score (MIS).
Findings:
Research findings proved that irrespective of the positive effects of
educational culture which improves cost performance by ensuring that projects
are executed at estimated cost and within client’s budget (Mean = 4.34) and the
result of effective communication culture which ensures value for money and
return of customer as project is designed to suite client’s budget while
maintaining standard quality delivery (Mean = 4.16), political culture tends to
have mixed effect on cost performance as project design cost, labour, material
and equipment cost, profit and overhead cost, etc. (Mean = 4.30) is found to be
responsible for cost overruns of construction projects.
Research
Implication: The study recommends among others that multinational construction
organisations pay great attention to the political style practiced in the host
community / country in which they operate.
Country : Nigeria
IRJIET, Volume 8, Issue 6, June 2024 pp. 17-25