scholarly journals Development of a cost controlling system for an investment and construction project

2021 ◽  
Vol 263 ◽  
pp. 05048
Author(s):  
Maria Bovsunovskaya
Keyword(s):  
Construction Projects ◽  
Building Materials ◽  
Construction Project ◽  
Banking System ◽  
Cost Controlling ◽  
Controlling System ◽  
General Contractors ◽  
The Russian Federation ◽  
The Cost ◽  
Cost Of Construction

The study is devoted to substantiating the need to develop a cost controlling system in order to improve the efficiency of investors, developers, customers, general contractors, as well as representatives of the banking system who are directly involved in the implementation of investment and construction projects. The paper summarizes the innovations of the Ministry of Construction, Housing and Utilities of the Russian Federation in the field of determining the cost of construction at the stages of the life cycle of an investment and construction project, and suggests their adaptation to the activities of commercial customers. The factors of the rise in the cost of construction in the modern conditions of the investment and construction sphere are systematized, including topical issues of the rise in cost due to the increase in prices of building materials. The main risks arising from the implementation of the project associated with an increase in cost are highlighted. As the results of the study, stages of construction cost control with a description of their content and a system of cost controlling of an investment and construction project are proposed.

The Effect of Desert Environment on the Cost of Construction Projects (Materials Transportation)

2020 ◽  
Vol 897 ◽  
pp. 152-156
Author(s):  
Kadhim Raheim Erzaij ◽  
Rouwaida Hussein Ali
Keyword(s):  
Construction Projects ◽  
Construction Project ◽  
Construction Materials ◽  
Desert Environment ◽  
Transport Costs ◽  
Work Site ◽  
Project Costs ◽  
Desert Areas ◽  
The Cost ◽  
Cost Of Construction

Construction project costs are often related to the availability of construction materials and proximity to the work site. So this paper studied the effect of transportation of materials on the cost of construction projects in the desert and identified the increment percentages of materials cost in comparison with main cities and re-accounted the BOQ items prices in the desert cities. The results showed that the cost of some works may be doubled in the desert areas due to lack of construction materials and high transport costs.

Factors of the current growth of the value of investment-and-construction projects implementation in the Russian Federation

2021 ◽  
pp. 4-12
Author(s):  
E.Yu. Vasilyeva
Keyword(s):  
Russian Federation ◽  
Construction Projects ◽  
Building Materials ◽  
Price Dynamics ◽  
Current Growth ◽  
The Russian Federation ◽  
Major Factors

The author analyses the factors, which affected the volume of actual costs of investment-and-construction projects in 2020-2021 most of all. The three major factors, including price dynamics in the market of building materials, situation in the market of construction tools and equipment as well as the trends in the transport-and-logistic sphere are considered. The order of modification of the Technique of drawing up the estimate of the contract on the project, caused by the growth of costs for the used materials is described. The conclusions on the prerequisites of the rise in price of the realization value of the construction projects in current and following year are drawn.

scholarly journals ANALISIS KETERLAMBATAN PROYEK SERTA DAMPAKNYA TERHADAP BIAYA DAN WAKTU PELAKSANAAN PROYEK

2019 ◽  
Vol 5 (1) ◽  
pp. 13-19
Author(s):  
Fitri Nur Kharina ◽  
Kusno Adi Sambowo
Keyword(s):  
Construction Projects ◽  
Construction Project ◽  
Project Performance ◽  
Project Work ◽  
Earned Value ◽  
Time Period ◽  
Review Period ◽  
The Difference ◽  
The Cost ◽  
The Impact

Construction projects in all regions continues to be developed for the creation of facilities that can be utilized by the community. One of them is the construction of apartments which are now being intensively carried out to meet residential needs for the community. Making a construction project plan always refers to estimates that exist at the time development plan is made, therefore problems can arise if there is a discrepancy between the plans that have been made and the actual reality. So the impact that often occurs is the delay in the time of project implementation which can also be accompanied by an increase in the cost of implementing the project. In the construction project of Cinere Terrace Suites Apartemen & Citywalk, Jakarta there was a delay resulting in a late payment of monthly bill progress by the owner. Based on the above reasons, this research was conducted to find out how the project performance was seen from the cost and time period of the review period. how is the estimated cost and time to complete the overall project work. The method used in the analysis of this study is the Earned Value Method. Based on the results of the analysis carried out for 29 weeks the project performance on schedule has been delayed and cost shows a positive value. For the estimated completion time of the project there is an increase in time whose duration increases from the planned 98 weeks or 685 days to 109,624 weeks or 768 days. While the estimated cost of completing the project from the results of the analysis obtained a value of Rp. 270,147,448,569.16 smaller than the planned cost of Rp. 315,272,727,272.73. With the difference VAC of Rp. 45,125,278,703.57 this shows that there are benefits obtained by the contractor.

Determining Contingencies in the Management of Construction Projects

2019 ◽  
Vol 50 (2) ◽  
pp. 226-242 ◽  
Author(s):  
José I. Ortiz ◽  
Eugenio Pellicer ◽  
Keith R. Molenaar
Keyword(s):  
Project Management ◽  
External Validity ◽  
Construction Projects ◽  
Construction Project ◽  
Construction Project Management ◽  
Depth Analysis ◽  
Different Types ◽  
General Contractors ◽  
Project Objectives

This research describes the managerial approaches that contractors follow to determine different types of contingencies in construction project management. Two large Spanish general contractors were selected for an in-depth analysis. Interviews and surveys were conducted with six additional companies to explore the external validity of the findings. Managers constrain time and cost buffers through project objectives, applying heuristics to determine inventory buffers. The management of capacity buffers is entrusted to subcontractors. The contractors take advantage of scope and quality buffers to meet project objectives but rarely share these buffers with the owner, unless the owner is an internal client.

scholarly journals IDENTIFIKASI RISIKO CHANGE ORDER PROYEK KONSTRUKSI JALAN

2021 ◽  
Vol 5 (1) ◽  
pp. 225
Author(s):  
Mega Waty ◽  
Hendrik Sulistio
Keyword(s):  
Construction Projects ◽  
Construction Project ◽  
Road Construction ◽  
Real Data ◽  
Intermediate Frequency ◽  
Risk Identification ◽  
Construction Work ◽  
Change Orders ◽  
Change Order ◽  
The Cost

A Change Order is a written and legal work order that changes the scope of the original contract, with compensation that has been agreed upon by the owner and the contractor. Changes can be in the form of adding or reducing the scope of work, changing materials, or changing schedules. Change Order causes the cost of contract items to swell, planning errors and negligence as well as changes in scope that can be reduced by sharpening planning results. The scope of research on road construction in Indonesia, especially in DKI Jakarta and Banten provinces. This study aims to determine the identification of change orders in road construction projects. Data obtained from real data on road construction projects from 2013-2018 on 16 road construction project packages in the form of road construction project addendum contracts. Based on the addendum contract, added work, less work, addition of new items and removal of work items are determined. The identification of change order risk is seen from three aspects, namely the addition and reduction of work items, the removal of items and the addition of new items and the wishes of the owner, thereby increasing the cost of the change order contract. This study found 732 changes in construction work items. Risk identification is obtained from the frequency of changes above 35% which is an intermediate frequency that tends to increase the occurrence of change orders. The results of risk identification were obtained for 31 construction work items, the highest percentage was for Thermoplastic Road Marking work, followed by 30 other construction work items. Keywords: risk identification; change orders; road construction projects  AbstrakChange Order adalah perintah kerja tertulis dan sah  yang mengubah lingkup kontrak semula, dengan kompensasi  yang sudah disetujui oleh pemilik dan  kontraktor.  Perubahan dapat berupa penambahan atau pengurangan lingkup pekerjaan, perubahan material, atau perubahan jadwal. Change Order menyebabkan biaya  item kontrak membengkak, kesalahan perencanaan dan kelalaian serta perubahan ruang lingkup yang dapat dikurangi dengan mempertajam hasil perencanaan.. Lingkup penelitian pada konstruksi jalan di Indonesia khususnya  provinsi DKI Jakarta dan Banten. Penelitian  bertujuan untuk  mengetahui  identifikasi change order proyek konstruksi jalan. Data didapat dari data riil proyek konstruksi jalan dari tahun 2013- 2018 pada 16 paket proyek konstruksi jalan berupa kontrak addendum proyek konstruksi jalan. Berdasarkan kontrak addendum maka ditentukan pekerjaan tambah, pekerjaan kurang, penambahan item baru dan penghilangan item pekerjaan. Identifikasi risiko change order dilihat dari tiga aspek yakni penambahan dan pengurangan item pekerjaan, penghilangan item dan penambahan item baru dan keinginan dari pihak owner sehingga meningkatkan biaya kontrak change order.  Penelitian ini mendapatkan 732 perubahan  item pekerjaan konstruksi.  Identifikasi risiko didapat dari  frekuensi perubahan diatas 35% yang merupakan frekuensi menengah yang cenderung meningkatkan terjadinya change order. Hasil identifikasi risiko didapat pada  31 item pekerjaan konstruksi, yang tertinggi persentase pada pekerjaan  Marka Jalan Termoplastik, diikuti 30 item pekerjaan konstruksi lainnya.

scholarly journals Model of risk management of construction project based on transaction costs

2018 ◽  
Vol 193 ◽  
pp. 05025
Author(s):  
Irina Vladimirova ◽  
Pavel Zemskov ◽  
Anna Tsygankova
Keyword(s):  
Risk Management ◽  
Transaction Costs ◽  
Construction Projects ◽  
Baikal Region ◽  
Construction Project ◽  
Management Model ◽  
The Russian Federation ◽  
Quantitative Indicators ◽  
The Impact ◽  
The Relationship

The paper studies the relationship between transaction costs and risk management in the construction projects affecting ecosystem considering economic externalities. Quantitative indicators of the impact of transaction costs on the level of risk in the project are thoroughly investigated. The construction project risk management model based on transaction costs is discussed in detail. Collected and experimental data of the construction project, which has a significant impact on the ecology of the Baikal region in the Russian Federation is analyzed and the uncertainty reduction caused by transaction costs is measured.

Application of game theory non-cooperative equilibrium method in construction project management informationization

2021 ◽  
pp. 1-11
Author(s):  
Qi Zhang
Keyword(s):  
Game Theory ◽  
Construction Projects ◽  
Relevant Literature ◽  
Construction Project ◽  
Practical Significance ◽  
Management Information ◽  
Cooperative Equilibrium ◽  
Building Information ◽  
The Cost ◽  
And Control

Based on the comprehensive application and bibliometrical analysis of the non-cooperative equilibrium theory of game theory, this paper takes the construction project group as the research background, analyzes the obstacles to the application of management informatization in the construction project, and conducts a pair game study on the application of management informatization by single or group subjects. Aims to provide a valuable reference for the application of management information in construction projects, in line with the policy orientation, and has a certain practical significance. On the basis of combing the relevant literature on the application of management information in the field of construction industry and game analysis, this paper first analyzes the appeal, current situation and obstacles of the application of management information in construction projects. The game results show that there are specific management inspirations for different subjects: the designer should change the way of thinking, control the cost of management information application, and carry out in-depth communication with other subjects on building information to ensure consistency; Contractors need to improve their own ability to apply management information, but also to coordinate and control the relative importance of the three objectives, so that efforts can be more easily converted into positive results.

scholarly journals Examining the Values and Principles of Agile Construction Management in Iraqi Construction Projects

2018 ◽  
Vol 24 (7) ◽  
pp. 114
Author(s):  
Sawsan Rasheed Mohammed ◽  
Asmaa Jebur Jasim
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Relevant Literature ◽  
Construction Project ◽  
New Methods ◽  
Agile Project Management ◽  
The World ◽  
Management Method ◽  
The Cost

The avoidance of failure in construction projects is not an easy task, which makes the failure of the construction project to achieve its objectives a major problem experienced by all countries in the world, especially Iraq. Where nearly two-thirds of the construction projects in the world have been suffered by significant problems as an increase in the cost of the project, delay in the specified duration for execution, and stopping the project. Therefore it is required to study and apply new methods for managing the construction project to ensure its success and achieve its objectives. The aim of this study is to study the Agile project management method and its impact on the construction project. In addition, to identify the values and principles of Agile project management, which can be applied in the Iraqi construction industry to be adopted it as a new method to manage the construction projects in Iraq. The researcher reviewed the relevant literature to define the method of Agile project management and its methods and impact on the construction project. Then, the researcher conducted a questionnaire survey of a sample of engineers' experts who work in four main parties in the construction project: (beneficiary, supervising, designer, and contractor). The results of this survey showed that it is possible to apply the four values of Agile project management for managing the Iraqi construction projects, and can apply eleven of the twelve principles of Agile project management for managing the Iraqi construction projects.  

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