International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

 

The Supervision and Categorization of Expenditure Risks in Infrastructure Development Projects
Ikechukwu Ikea Chinyere

Abstract
This article is concerned with issues relating to the supervision and categorization of expenditure risks in infrastructure development projects. It is quite reasonable to mention that expenditure is the vital part and life stream of infrastructure development projects and without it the entire project comes to an abrupt halt. The paper carefully recognizes the expenditure risks that are associated with the stakeholder, chief structural engineer, Architecture Company etc Thus, the article also discusses and demonstrated ways to ease and supervise expenditure risks together with government apparatus. It pointed out and recommended expenditure protected mechanism such as international bond, upfront expenditure agreement, and intermediary initiatives for infrastructural development projects. Finally, as adjudication is considered in some quarters, as the last alternative in reconciling expenditure disagreement, disputes and issues in infrastructural development projects, some adjudication laws, rules and regulation are highlighted and proposed to efficiently protect expenditure for infrastructural development project partners.

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