Building construction schedule delays due to cost control methods
[ X ]
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
International Organization on 'Technical and Physical Problems of Engineering'
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The building and construction sector is essential to the expansion of every nation. The client will consider a project to have been unsuccessful if it fails in meeting its goals in terms of the cost, the quality, or the timeliness. Two of the most important factors that will determine whether a project is successful are careful planning of the project and the presence of an efficient monitoring system. Cost overruns are a significant issue for contractors in many instances since they cut into the profit margin of a project and pose a broad variety of other complications for everyone involved in the endeavor [1]. These problems could not be fixed in any other way than by using efficient systems of cost control. Because of this, it is of the utmost importance to recognize techniques for decreasing costs and how their effects contribute to budget overruns [2]. An online questionnaire survey was distributed to all contractors with a rating of A1 through A5. The data were translated into quantitative values by using a combination of% age analysis and weighted score analysis. According to the findings, the most prevalent cost-control techniques, and their efficacy in lowering over-budget and overhead costs while maintaining projected profits are highlighted. Also highlighted is the fact that these measures can help ensure predicted profits. According to the Institute for Construction Training and Development (ICTAD)[3], by conducting training opportunities and awareness campaigns, CIDA could urge contractors to use cost-control strategies, and other similar endeavors. In addition, it is suggested that the submission of certain documents to the ICTAD be made mandatory.
Açıklama
Anahtar Kelimeler
Budget Overrun, Construction, Cost Control, Cost Control Method, ICTAD
Kaynak
International Journal on Technical and Physical Problems of Engineering
WoS Q Değeri
Scopus Q Değeri
Q3
Cilt
14
Sayı
4
Künye
Al-Ghuraibawi, A. M. I., Naimi, S. (2022). Building construction schedule delays due to cost control methods. International Journal on Technical and Physical Problems of Engineering, 14(1), 240-246.
