Deviations between Contract Sums and Final Accounts: The Case of Capital Projects in Ghana

Table 5

Significant test of the factors that cause the deviation between the contract sum and final account for capital projects in Ghana.

Number	Factors	Chi-sq.	df	Asym. sig.	Ranks
1	Increase in interest rate	20.364	3	0.000	Sig.
2	Obtaining permit	20.727	3	0.000	Sig.
3	Changes in design	32.182	3	0.000	Sig.
4	Discrepancies between design specifications and code	20.545	3	0.000	Sig.
5	Inadequate programme scheduling	22.682	2	0.000	Sig.
6	Contractors poor management ability	25.273	3	0.000	Sig.
7	Defects in design	22.364	3	0.000	Sig.
8	Underestimation	58.727	3	0.000	Sig.
9	Overestimation	43.045	4	0.000	Sig.
10	Delay in resolving disputes	31	4	0.000	Sig.
11	Feasibility of construction methods	11.818	3	0.000	Sig.
12	Price fluctuation	30.727	3	0.000	Sig.
13	Shortage of materials on site	26.455	4	0.000	Sig.
14	Late material delivery	19.091	3	0.000	Sig.
15	Mode of financing	38.773	2	0.000	Sig.
16	Default of contractor	27.818	3	0.000	Sig.
17	Fluctuation in the market demand	13.545	4	0.001	Sig.
18	Bureaucracy in tendering method	13.273	2	0.001	Sig.
19	Unexpected site conditions	16.682	4	0.002	Sig.
20	Changes in the scope of work	15.545	4	0.004	Sig.
21	Insurance cost	15.545	4	0.004	Sig.
22	Damage by flood	12.545	3	0.006	Sig
23	Government policies	9.864	2	0.007	Sig
24	Use of inappropriate plant	13.682	2	0.01	Sig
25	Bad weather	19.636	4	0.01	Sig.
26	Accident during construction	9.636	3	0.022	Sig.

Significant at 0.05 significance level.