OGBONNA, CHIBUEZE ACHIMBA PhD
FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI
This study investigated the appropriateness of the conventional BOQ as a tool for managing cash flow particularly during the project’s implementation phase and more specifically, the feasibility and viability of integrating time into the format and content of the BOQ so as to enhance its capacity to directly predict cash flow values. A combination of the cross-sectional study, specific problem, and case-based reasoning approaches was used as the research paradigm. Relying on data sourced from completed construction projects and quantity surveyors in Nigeria, it was found that a network-based BOQ (NetBOQ), employing the network flow, and cost control loop, principles, is feasible and capable of determining with more certainty and transparency the timing and quantum of project cash flow. In addition, the NetBOQ model provides a tool for managing the total cost of the project more efficiently/effectively, indicating critical cost components, ‘criti-costs’, and ensuring adequate budget cover especially where a portfolio of concurrent projects is the project management scenario under consideration just as it was preferred by experts(quantity surveyors) against other BOQs studied.
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