Controlling Construction Cost:
It is seldom that the initial bid estimate to carry out a specific construction activity is the same as the actual cost of doing the work. Generally, the estimate cost tends to be higher or lower due to the various unforeseeable factors that contribute to the differences. Therefore, it is increasingly essential for the project manager and contractor to keep current on the costs of a project through maintaining an accurate and reliable cost control system, especially if a contractor is to make a profit. However, the project manager has an overriding role of providing the project management team with necessary strong and proactive leadership during the construction period. This overriding role and task includes ensuring that the most effective approach to control construction has been adopted and tracking construction activities and costs.
Since the construction phase of a project is usually affected by various external factors that hinder the efficient accomplishment of project objectives, the most effective approach to control construction cost is developing mitigating measures for inhibiting factors....
In this regard, Greenspan and his associates report that, "The construction manager at-risk, who also acts as the general contractor, is integrally involved in the design process, assisting with design, constructability reviews, cost estimating, and scheduling" (p. 14). In this emerging capacity, construction managers must possess a thorough knowledge of construction materials and be able to identify where cost savings can be achieved through alternative uses of different materials.
Framework Analysis & Review As is also noted in the methodology of this report, the overall basis and goal of this report is to assess the widespread and national-level Dutch construction fraud scandal that erupted and came into full bloom in 2001. As will become clear throughout this framework and paradigm analysis, the presence of fraud within the Dutch construction industry and environment is without question and this was especially true
Health and Safety in Construction Industry The construction industry is by far the most dangerous one as it takes more lives every year and results in many short- and long-term minor or severe injuries. The UK government regulatory bodies have been playing a significant role in ensuring that proper health and safety procedures are followed. Throughout the last four decades, its role has been impeccable in decreasing fatalities in the construction
Residential Construction Project Version description/reason for updating the document Initial version The company will provide project management services to the client for all stages of the residential home construction. Our process consists of the following phases, which are greatly simplified here: Initiating, planning, executing, controlling, and closing. Project scope: This project is being undertaken in order to build a new residence for the Jones family. The construction project is for a single-family swelling on a
Introduction During the implementation of a project, processes for project control along with record keeping come to be vital components to managers and other participants in the entire project process. Imperatively, these components provide the twofold objective of recording the financial transactions that take place in addition to handing managers a sign of the progress and the issues linked with the project. Notably, the issues of project cost control are fittingly
……How Veterans Can Make a Positive Impact on Workforce Development in the Construction IndustryABSTRACTThe U.S. construction industry faces significant workforce development challenges, mostly in terms of labor shortage. Addressing this challenge is important for meeting the present and future needs of the industry. Hiring veterans is a valuable way through which the construction industry may overcome the workforce development challenges it faces. In spite of the several initiatives introduced by
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