Construction projects have playing a major role in Ethiopia’s economy. But it is riddled with delay, cost overruns and mediocre quality of work. The main objective of the study was to compare building project management practices of foreign and local contractors. Hence, building projects owned by Commercial Bank of Ethiopia (CBE) that were undertaken by local contractors were compared with their foreign contractor counterparts on the basis of cost, schedule and quality. Data were collected using a questionnaire and interviews. The result showed that cost performance and schedule performance of the local and foreign contractors are negatively related. Finally recommendations have been made in order to advance the local contractors. Mainly local contractors should readapt how they manage cost in a way it incorporates the schedule, human and material resources in order which can be aided with various software. Improvements in schedule performance can be made with getting ahead of obstacles like late delivery by ordering pre-emptively a creating a culture of productivity. To improve quality performance companies should put safety and employee development as priorities.
Keywords: Local Contractors, Foreign Contractors, Schedule Performance, Cost Performance, Quality Performance