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Introduction Managing stakeholders effectively is critical to the success of any construction project. From large-scale infrastructure developments to small renovations, every project involves diverse groups with varying interests and expectations. The ability to build strong relationships with stakeholders not only fosters alignment but also ensures smooth execution and timely delivery of projects. This article explores…
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Introduction Construction projects are notorious for exceeding their budgets, often due to factors like poor planning, unforeseen changes, or market fluctuations. Managing a project within its financial constraints requires careful planning, consistent monitoring, and proactive adjustments. This article offers practical tips to help identify and prevent the common causes of budget overruns, ensuring successful project…
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Introduction Nigeria’s construction industry is vibrant and full of opportunities, contributing significantly to the country’s GDP and infrastructure development. However, managing construction projects in Nigeria isn’t without hurdles. From navigating bureaucratic bottlenecks to dealing with security threats, stakeholders face unique challenges requiring localized solutions. This article explores the most pressing issues in Nigerian construction and…
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Introduction Cash flow management is more than just tracking money; it’s about maintaining financial equilibrium to meet project demands. Construction projects, with their complex financial ecosystems, are particularly susceptible to cash flow issues. Quantity surveyors and project managers play critical roles in navigating these challenges by employing advanced techniques and strategies to optimize cash flow.…
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Understanding Cash Flow Cycles Cash flow represents the movement of money in and out of a project. Positive cash flow ensures that a project has enough liquidity to meet its obligations, such as paying suppliers, contractors, and staff. Understanding the project’s cash flow cycle helps identify potential periods of strain and ensures smooth financial operations.…
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cost control isn’t just a skill—it’s a lifeline. Managing costs is critical when handling large-scale initiatives, especially those with high stakes and long timelines. Projects can easily drift off track without effective cost control, piling up expenses and delaying timelines. Let’s dive into why cost control matters, what qualifies as a large-scale project in Nigeria…
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Ali Adebowale is a highly skilled professional with nearly a decade of experience in quantity surveying and project management. His expertise spans across diverse sectors, including construction companies, real estate firms, non-governmental organizations (NGOs), and private clients, where he helps them maximize the value of their investments through strategic planning, cost management, and project oversight.…