The development of location adjustment factors for construction price estimating in Nigeria

Abstract

This article explored the use of Location Factors (LFs) as an empirical tool for converting construction price at one location to price at another location. The objective was to generate LFs for selected locations to provoke interest in the concept. Firstly, locational factors influencing construction price were identified from literature. Then, based on a hypothetical project and using Lagos, Ibadan, Port Harcourt and Abuja as pilot locations (with Lagos as the base location), LFs were calculated for the four locations. The LFs obtained were validated using tender prices for the primary school projects of the Universal Basic Education Programme financed by the Federal Government of Nigeria...