Construction Cost Management in Resource Based Economy

Resource Based Economy tested according to criteria formulated from the construction cost management best practices. A cost management plan modelled to demonstrate the possibility of construction management under a new socio economic system, which counts the consumed natural resources by construction as the dry cost to the environment. Reliable estimates of construction costs and schedules presented by contemporary construction companies, their consultants and suppliers at the time of project approval are important for justifying a project on economic ground and for planning the means of financing it. The economic impact of a construction cost overrun is the possible loss of the economic justification for the project. A cost overrun can also be critical for creating policies within sustainable development on the basis of economic costs. The financial impact of a cost overrun results also in demand for construction investments credits. This study presents a case of construction cost analysis for wooden energy efficient house that meets sustainable aspects. Analysed object is characterized by high costs of the construction investment that result from specific characteristics of the construction output. In the result of analysis of the construction investment costs for the efficient house and its comparison with the costs of traditional construction investment on maintenance costs, it can be stated that additional cost resulting from the energy efficient house building is higher than costs of traditional construction investment and it can be treated as the investment in the energy efficient house solutions since it brings savings for home expenditures.