The purpose of cost control
- Cost control can be dfined as the process of controlling the expenses in a particular project , from te starting of the client's briefs , to the project compleiton and ultimately the final account of the aforesaid project .
- Cost control is a process to ensure that :
- The cost of the building is kept within the agreed cost limits .
- Resources are used at the best advantage .
- Give the building cleint good value for money
- To achieve a balanced and logical distribution of the avaialble funds between the various part of the building .
- TO keep total expenditure within the amount agreed by the client .
- Cost control can be divided into two areas
- The control of cost during design stage
- The control of cost during the post contract stage .
- Cost control of a project involves :
- The measuring and collecting of costs record of a project and its progress of works .
- Comparison between planning and actual progress of physical works on site .
- The main objective of cost control of a particular project is to achieve maximum profit within the designated construction period and satisfactory quality of works .
- The implementation of a systematic procedures of cost control will give a good results of cost data collection particularly in estimation and costs control aspect for furture projects undertaking .
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