Engineers seek stronger cost control, valuation to improve project delivery

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Image credit: ©aydinmutlu via Canva.com, CEPS

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By Obas Esiedesa

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Engineers under the Institute of Appraisers and Cost Engineers (IACE) have called for stronger application of engineering valuation, cost engineering and engineering economy principles to address cost overruns, waste and inefficiencies in project execution in Nigeria.

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The call was made at the 2026 National Technical Conference of the IACE, held in Abuja, with the theme: “Engineering Valuation, Cost Engineering and Engineering Economy Solutions in Emerging Economies.”

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The President of the Nigerian Society of Engineers (NSE), Engr. Ali Rabiu, said nations across the world were increasingly confronted with the challenge of maximising limited resources while meeting growing demands for infrastructure, economic growth and improved quality of life.

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Rabiu who was represented by Engr. Dauda Musa, said that in emerging economies such as Nigeria, engineering evaluation, cost optimisation and sound economic analysis had become indispensable to ensuring that public and private investments delivered maximum value and sustainable outcomes.

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He said the conference provided a unique opportunity for participants to exchange ideas, share experiences and explore innovative approaches to support the efficient management of scarce resources, accelerate infrastructure delivery and promote sustainable national development.

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In his speech, outgoing National Chairman of the Institute, Engr. Ike Iwenofu, said the combination of engineering valuation, cost engineering and engineering economy provided a framework for improving efficiency, reducing waste and maintaining tighter control over project budgets and timelines.

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