A study into the problems of cost control for construction projects
Cost control in the construction industry is to ensure that construction projects are completed within the budget of clients. From the perspective of contractors, understanding and awareness on the practices of cost control are important for them to control their cost for construction projects. In r...
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| Format: | Conference or Workshop Item |
| Language: | English |
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2015
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| Online Access: | http://irep.iium.edu.my/45247/ http://irep.iium.edu.my/45247/ http://irep.iium.edu.my/45247/1/%E2%80%AAISEB_Paper_ID76.pdf |
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iium-45247 |
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eprints |
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iium-452472018-02-26T09:00:13Z http://irep.iium.edu.my/45247/ A study into the problems of cost control for construction projects Tan, Chin Keng Adzman, Nur Adilah HB221 Price HD28 Management. Industrial Management TH4021 Buildings. Construction with reference to use. Cost control in the construction industry is to ensure that construction projects are completed within the budget of clients. From the perspective of contractors, understanding and awareness on the practices of cost control are important for them to control their cost for construction projects. In relation to cost control for construction projects, this study aims to identify problems in the practices of cost control and to suggest the strategies to overcome the problems. The method of questionnaire survey was applied to collect data for this study. Questionnaires were distributed to 115 CIDB-registered G7 contractors. The study concludes that changes of design, shortage of labours, inaccurate of quantity-take off, lack of cost information, lack of expertise, lack of knowledge and inaccurate of cost estimate are the main problems in cost control practices. The study proposes that providing cost control training to the staff, managing the inflation risk by allowing fluctuation of price in the contract, minimizing the changes in design and constantly update the cost data are the strategies to overcome problems in cost control practices for construction projects. 2015-10-17 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/45247/1/%E2%80%AAISEB_Paper_ID76.pdf Tan, Chin Keng and Adzman, Nur Adilah (2015) A study into the problems of cost control for construction projects. In: The 4th International Seminar on Entrepreneurship and Business (ISEB 2015), 17 Oct 2015, Flamingo Hotel by the Beach, Penang. http://fkp.umk.edu.my/ISEB2015/ |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HB221 Price HD28 Management. Industrial Management TH4021 Buildings. Construction with reference to use. |
| spellingShingle |
HB221 Price HD28 Management. Industrial Management TH4021 Buildings. Construction with reference to use. Tan, Chin Keng Adzman, Nur Adilah A study into the problems of cost control for construction projects |
| description |
Cost control in the construction industry is to ensure that construction projects are completed within the budget of clients. From the perspective of contractors, understanding and awareness on the practices of cost control are important for them to control their cost for construction projects. In relation to cost control for construction projects, this study aims to identify problems in the practices of cost control and to suggest the strategies to overcome the problems. The method of questionnaire survey was applied to collect data for this study. Questionnaires were distributed to 115 CIDB-registered G7 contractors. The study concludes that changes of design, shortage of labours, inaccurate of quantity-take off, lack of cost information, lack of expertise, lack of knowledge and inaccurate of cost estimate are the main problems in cost control practices. The study proposes that providing cost control training to the staff, managing the inflation risk by allowing fluctuation of price in the contract, minimizing the changes in design and constantly update the cost data are the strategies to overcome problems in cost control practices for construction projects. |
| format |
Conference or Workshop Item |
| author |
Tan, Chin Keng Adzman, Nur Adilah |
| author_facet |
Tan, Chin Keng Adzman, Nur Adilah |
| author_sort |
Tan, Chin Keng |
| title |
A study into the problems of cost control for construction projects |
| title_short |
A study into the problems of cost control for construction projects |
| title_full |
A study into the problems of cost control for construction projects |
| title_fullStr |
A study into the problems of cost control for construction projects |
| title_full_unstemmed |
A study into the problems of cost control for construction projects |
| title_sort |
study into the problems of cost control for construction projects |
| publishDate |
2015 |
| url |
http://irep.iium.edu.my/45247/ http://irep.iium.edu.my/45247/ http://irep.iium.edu.my/45247/1/%E2%80%AAISEB_Paper_ID76.pdf |
| first_indexed |
2023-09-18T21:04:24Z |
| last_indexed |
2023-09-18T21:04:24Z |
| _version_ |
1777410836683292672 |