Abstract
The performance of a building project is a key determinant of its ultimate success. The failure of a construction project can be attributed to a variety of issues. Among these criteria, success and long-term sustainability have been identified as crucial. It has been established that social and economic considerations play a considerable effect in project completion. In Pakistani construction projects, however, there is a lack of a systematic framework for measuring the impact of social and economic elements on project success. It is, therefore, important to determine social and economic elements and their impact on project performance measures. Initially, 29 experts representing clients, consultants, and contractors were interviewed, and the factors relevant to Pakistan were shortlisted based on interviews. SPSS software was used to analyze the data, and the results were presented in tables and graphs. Safety, land value, health, employment, and education were the top five social factors, while the top five economic factors were productivity, employment, transportation, market access, and local market. As project performance indicators, time, customer satisfaction, cost, health and safety, and quality were identified. Based on these characteristics, a questionnaire was designed, and data from 154 valid replies were gathered and analyzed using the linear multiple regression approach. These equations have been constructed to examine the impact of social and economic factors on time, cost, health and safety, and quality. Using the findings of this research, we can better understand how social and economic aspects affect project outcomes and raise industry standards. These resources will be useful to the project manager in formulating a sound project management strategy and enhancing project results.