Tuesday, January 22, 2013

Cost Control in Construction

For construction management and scheduling, constructors require coming up with plans for cost cutting. AgriGold believes that standards must be maintained before starting the actual construction, so that the total cost is within acceptable limits. Estimates of the cost and time required are to be prepared and supervision is required to ensure that the costs do not exceed the estimates by a huge amount, and neither does it take too much extra time to complete a construction.

The construction managers must understand that construction costs are directly related to use of material and wastage, prices of materials used, and fixed as well as variable overhead expenses. Therefore, these are the areas where the managers must seek action for making future adjustments, so that the final costs are closer to the original estimates or are considerably as close as possible to the estimated costs.


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