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Study of Cost Control in Construction Projects

Author(s):

Amit R. Shendre , SND College of Engineering & Research Center, Yeola.; Harshad R. Sawant, SND College of Engineering & Research Center, Yeola.; Sagar S. Dhone, SND College of Engineering & Research Center, Yeola.; Chetan M. Warghade, SND College of Engineering & Research Center, Yeola.; Suraj S. Shinde, SND College of Engineering & Research Center, Yeola.

Keywords:

Construction, Cost Control

Abstract

This paper will give a brief presentation about study of Cost control of construction project and the methodology about the specific process of applying the method in cost accounting and cost forecasting. It also provides certain aspects of cost overrun. In India the number of building construction projects is increasing however, these projects are not completed in allocated time and cost. We tried to find information on the factors that cause cost, overrun during construction and their effects on building construction projects. The important causes of cost overrun were found to be inflation or increase in the cost of construction materials, poor planning and coordination, change orders due to enhancement required by clients, excess quantity during construction. With the help of available literature we found out major causes of cost overrun. The attainment of effective cost control measures for development projects is a prerequisite for the successful completion of such projects, which are vital for the country's socio-economic advancement.

Other Details

Paper ID: IJSRDV6I40029
Published in: Volume : 6, Issue : 4
Publication Date: 01/07/2018
Page(s): 26-29

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