Transnational Analysis of Construction Cost Escalation Drivers: A Structural Equation Modeling Approach Across GCC, OECD and ASEAN Contexts

Authors

  • Sreedurga Madhu School of Property, Construction and Project Management, RMIT University, Australia
  • Aparna Muthu School of Property, Construction and Project Management, RMIT University, Australia

DOI:

https://doi.org/10.53469/jpce.2025.07(06).02

Keywords:

cost overrun, project management, risk assessment, infrastructure development, construction industry

Abstract

This research examines cost overruns in the construction industry by comparing Bahrain Strategic Road Master Plan (SRMP) with the construction sector of Australia and Malaysia. Key causes include inaccurate estimates, design changes, execution delays and economic fluctuations. The study highlights the role of risk management, stakeholder engagement, and advanced technologies such as Building Information Modeling (BIM) in mitigating cost overruns. Through a comprehensive analysis, the research provides insights into practices for improving cost estimation and project execution across the three regions, contributing to construction sustainability and economic growth.

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Published

2025-06-30

How to Cite

Madhu, S., & Muthu, A. (2025). Transnational Analysis of Construction Cost Escalation Drivers: A Structural Equation Modeling Approach Across GCC, OECD and ASEAN Contexts. Journal of Progress in Civil Engineering, 7(6), 9–14. https://doi.org/10.53469/jpce.2025.07(06).02

Issue

Vol. 7 No. 6 (2025)

Section

Articles

License

Copyright (c) 2025 Sreedurga Madhu, Aparna Muthu

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.