Study on the Management of Construction Cost in Substation Project

2014 ◽  
Vol 1030-1032 ◽  
pp. 2639-2642 ◽  
Author(s):  
Qian Fang Pei ◽  
Han Meng Zhang ◽  
Ya Kun Yang
Keyword(s):  
Project Management ◽  
Process Control ◽  
Control Theory ◽  
Cost Management ◽  
Construction Cost ◽  
Current Situation ◽  
Value Engineering ◽  
Management Mechanism ◽  
The Cost ◽  
Cost Of Construction

As the market establishing and the project management mechanism for deepening reform , the project cost management is in a core position and playing increasingly important role in the project . Based on cost management analysis and relevant theories and methods, and it combined the content, features and current situation of cost management in substation project. The paper uses the method of PDACE process control theory and value engineering, it is applied to the cost management.of the substation project. This study played a major role on reducing the cost of construction project.

Research on Project Cost Management Model of Ecological Construction

2011 ◽  
Vol 480-481 ◽  
pp. 1197-1200
Author(s):  
Feng Liu ◽  
Jun Min Wang
Keyword(s):  
Project Management ◽  
Energy Consumption ◽  
Construction Projects ◽  
Cost Management ◽  
Building Energy ◽  
Management Model ◽  
Building Energy Consumption ◽  
Specific Cost ◽  
The Cost ◽  
Ecological Construction

In recent years, in order to reduce building energy consumption in China, and vigorously promote the development of ecological construction, the paper studies disadvantages of the cost of traditional project management applications in the ecological construction projects, exploring specific cost management adapt to the ecological construction project.

Study on the Relationships of the Construction Technology and the Cost Management Based on Enterprise Quota

2014 ◽  
Vol 543-547 ◽  
pp. 4040-4043
Author(s):  
Wen Zhang ◽  
Li Juan Zhang
Keyword(s):  
Cost Management ◽  
Value Engineering ◽  
Construction Technology ◽  
Project Cost ◽  
The Cost ◽  
The Impact

Enterprise quota is the foundation of project cost management. With the appearance of advanced construction technology, enterprise quota should be constantly updated and improved, so as to improve the level of enterprise cost management. This paper studies the impact of construction technology on cost management based on enterprise quota,and then demonstrated by the Value Engineering. From that, we know the advanced construction technology can help enterprise save the cost and improve the economical benefits.

scholarly journals Research on the Fine Cost Management of Port Engineering Project Based on BIM

2020 ◽  
Vol 4 (2) ◽  
pp. 42
Author(s):  
Jian Yin ◽  
Huiyun Zhou ◽  
Jing Yang
Keyword(s):  
Cost Management ◽  
Construction Cost ◽  
Economic Benefits ◽  
Construction Process ◽  
Engineering Project ◽  
Whole Process ◽  
Project Construction ◽  
The Cost ◽  
Port Engineering ◽  
Very High

<p>With the development of economic globalization, the scale of international trade continues to expand. Ports are very important for cross regional transactions. However, the construction cost is also very high in the actual construction process because port engineering is a relatively large project. Cost management can effectively control the cost and improve the economic benefits of port engineering project construction. The traditional cost management model has been unable to meet the needs because the construction cost control is a dynamic process and runs through the whole process of the project. BIM information technology is a technology with engineering digital model as the core. Based on BIM, this article studies the refined cost management of port engineering project, and aims to provide some help for relevant practitioners.</p>

A Comprehensive Approach to Construction Cost Management in the Context of Public Investment

2020 ◽  
Vol 26 (8) ◽  
pp. 861-872
Author(s):  
Yu. S. Prokhorova
Keyword(s):  
Program Implementation ◽  
Cost Management ◽  
Public Investment ◽  
Construction Cost ◽  
Methodological Framework ◽  
Construction Costs ◽  
Investment Program ◽  
Economic Framework ◽  
Cost Of Construction ◽  
Maximum Limit

Today, the interaction between government entities, private organizations, research and consultation centers in terms of pricing issues in construction is not efficient enough. In this regard, it is necessary to adjust the mechanisms of construction cost management.Aim. The presented study aims to develop an organizational and economic framework of construction cost management that would improve the interaction between executive authorities and the participants of the investment-construction process at the stages of development, coordination, and implementation of investment programs, while also increasing the accuracy of construction cost estimation.Tasks. The authors develop a methodological framework of construction cost management aimed at observing the maximum limit of public investment in construction in the context of implementation of investment programs; determine the content of the structural elements of the organizational and economic framework of construction cost management; develop an organizational and economic framework of construction cost management in the context of public investment.Methods. This study uses general scientific methods of analysis and synthesis, economic-mathematical and graphical modeling, methods of expert and comparative assessments, methods of pricing in construction, and methods of cost engineering.Results. An organizational and economic framework of construction cost management is developed, allowing for increased accuracy and reliability in determining the estimated cost of construction. The framework also regulates the interaction between the participants of investment program implementation as well as economic mechanisms and methods involved in construction cost management at different stages of implementation of investment programs - from development and coordination to implementation. The presented approach to construction cost management solves the problems of pricing and investment planning, cost management and investment policy formation. It creates a single information space, which makes it possible to quickly and flexibly respond to information requests and make management decisions with allowance for the objectivity, reliability, and completeness of the data provided. Thus, the organizational and economic framework of construction cost management provides a new format of interaction between the participants of targeted investment program implementation and calculation of the estimated construction cost. The authors propose a methodological framework for controlling construction costs, which includes management planning, assessing and determining the estimated cost of construction, controlling and monitoring construction costs, registering the actual cost of construction. This covers all stages of the construction object’s implementation life cycle.Conclusions. A methodological framework of construction cost management is developed with an aim to observe the maximum limit of public investment in construction in the context of implementation of investment programs.

The Application of Value Engineering in Budget Boftware Selection of Universities’ Cost Major in Western Areas of Chongqing

2014 ◽  
Vol 926-930 ◽  
pp. 3996-3999
Author(s):  
Xiao Feng Fu
Keyword(s):  
Cost Effective ◽  
Construction Cost ◽  
Value Engineering ◽  
Functional Evaluation ◽  
Project Cost ◽  
Cost Coefficient ◽  
Solid Foundation ◽  
The Cost ◽  
Selection Of

With the popularity of computerization in project cost industry, it has become one of the necessary professional skills for project cost personnel to be familiar with series of project cost software. To choose and buy targeted budget software in a college construction cost major can help lay a solid foundation for the students before work. Considering the current situation of budget software of the universities cost major in western areas of Chongqing, we can select the cost-effective budget software through the determination of functional evaluation coefficient, cost coefficient and value coefficient by introducing value engineering.

Optimization of Construction Cost Using Industrial Wastes in Alternative Building Material for Walls

2016 ◽  
Vol 692 ◽  
pp. 1-8 ◽  
Author(s):  
Swetha Madhusudanan ◽  
Lilly Rose Amirtham
Keyword(s):  
Fly Ash ◽  
Tamil Nadu ◽  
Building Materials ◽  
Unit Cost ◽  
Construction Cost ◽  
Industrial Wastes ◽  
Wall Material ◽  
Load Bearing ◽  
The Cost ◽  
Cost Of Construction

Building materials constitute about 60%-70% of the total cost of construction. Reduction in the use of conventional materials may not be possible; therefore, an alternative solution to use low cost materials would reduce the overall construction cost of a building. Industrial wastes, when recycled and reused as a building materials, not only aid in overcoming disposal problems, but also conserve natural resources, decrease energy use, and reduce pollution caused during manufacturing processes, and consequently reduce greenhouse gas emissions. Materials such as Copper slag, Phospogypsum and Fly ash, when used as supplements for sand and coarse aggregate in the manufacture of wall materials, reduce the cost of construction considerably. Additionally, construction of buildings using these materials leads to more energy efficient buildings and can gain additional weightage (points) in Green building certification. The aim of this paper is to highlight the cost reduction in using alternative wall material for construction, through detailed analysis in an apartment building in Chennai, Tamil Nadu, India. A comparative study between the different materials used such as, bricks, fly ash blocks and Alternative blocks made of industrial waste (Madhusudanan 2015)) were taken into consideration to assess the unit cost of each material. Similarly, a study of the cost performance between a load bearing structure and a framed structure was made, and it was found that the overall construction cost has a greater impact for a load bearing building when compared to a framed structure.

Study on Cost Management of Engineering In-Construction of Highway Enterprise

2014 ◽  
Vol 525 ◽  
pp. 775-778
Author(s):  
Li Na Cao ◽  
Dao Chun Fu
Keyword(s):  
Project Management ◽  
Human Resources ◽  
Cost Control ◽  
Cost Management ◽  
Raw Materials ◽  
Control Measures ◽  
Urgent Problem ◽  
The Cost

How to effectively control the cost of engineering in-construction is the urgent problem to be solved for highway enterprise. In order to maximize the enterprise profit, cost control measures are discussed in this paper as following aspects, human resources, raw materials and project management. This can be used as reference for highway enterprise.

Cost Management Method with Value Engineering

2012 ◽  
Vol 433-440 ◽  
pp. 2114-2119
Author(s):  
Xiao Yong Li ◽  
Kang Xu ◽  
Li Jun Cao ◽  
Si Yuan Wang
Keyword(s):  
Cost Control ◽  
Cost Management ◽  
Control Process ◽  
Core Competency ◽  
Current Theory ◽  
Economic Benefits ◽  
Theory And Practice ◽  
Value Engineering ◽  
Target Costing ◽  
The Cost

The use of value engineering in China has grown significantly in the last twenty years. With keen competition in construction market, the cost control is the key measure to increase the economic benefits in the company and enhance the core competency of enterprises. This paper makes a holistic appraisal of value engineering as used in Chinese construction industry by investigating current theory and practice. It evaluates value engineering projects. This research suggests a methodology for the cost control process in construction enterprise, aiming at the correct systematic approach of Value Engineering and target-costing in cost management. The value engineering and target-costing are complementary processes. This proposed approach was validated in a case study, aiming at improved product cost, functionality and quality accomplishment, in accordance with customer needs and the company strategy.

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