5 Contractor Overbilling Tricks (How Developers Lose Millions in Nigeria)
Автор: BossGiddy Cost & Construction Advisory Ltd
Загружено: 2026-02-21
Просмотров: 9
Описание:
Construction cost overruns are silently draining millions from projects across Nigeria. In this video, we break down 5 common contractor overbilling tricks that cause developers, project managers, and property investors to lose 10–20% of their project budget.
If you’re working on residential, commercial, or infrastructure projects in Nigeria, understanding BOQ reconciliation, interim valuation checks, and cost control systems is critical to protecting your investment.
🔎 In This Video, You’ll Learn:
• How contractors inflate quantities beyond the BOQ
• Hidden variation order manipulation tactics
• Material substitution and pricing markups
• Labour overstatement strategies
• How weak supervision increases financial leakage
🛠 Practical Solutions Covered:
✔ How to verify contractor valuations
✔ BOQ reconciliation methods
✔ Site measurement auditing tips
✔ Cost control systems for Nigerian projects
✔ How developers can prevent overbilling before it happens
Whether you are a real estate developer, quantity surveyor, project manager, contractor, or investor, this guide will help you avoid costly billing disputes and improve construction cost transparency.
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