Cost management of construction projects pdf

  • What is cost management in construction project management?

    Cost management in construction refers to the process of estimating, controlling, and monitoring the costs of a construction project from its inception to completion..

  • For example, in construction projects, the accounts for basic costs may be classified according to (1) labor, (2) material, (3) construction equipment, (4) construction supervision, and (5) general office overhead.

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