Analysis on Procurement Management and Procurement Cost Control of Construction Projects

2021 ◽  
Keyword(s):  
Construction Projects ◽  
Cost Control ◽  
Procurement Management ◽  
Procurement Cost

Time and cost control in construction projects in southeast Mexico

2017 ◽  
Vol 18 (4) ◽  
pp. 411-422
Author(s):  
Rómel Gilberto Solís-Carcaño ◽  
◽  
Carmen Sarahí Morfín-García ◽  
Jesús Nicolás Zaragoza-Grifé ◽  
◽  
...  
Keyword(s):  
Construction Projects ◽  
Cost Control ◽  
Southeast Mexico

Scope Reductions as Tool for Cost Control in Construction Projects

2016 ◽  
pp. 733-748
Author(s):  
Nils O. E. Olsson
Keyword(s):  
Construction Projects ◽  
Best Practice ◽  
Cost Control ◽  
Actual Use ◽  
Scope Management ◽  
High Degree

Scope management is a key issue in construction projects. This paper studies scope reductions. Potential reductions of project scope as well as budget contingencies have been a tool for cost control of governmental investments in Norway since 2001. This paper studies implementation of such reduction in major construction projects in different governmental sectors. Project representatives were contacted to obtain information about actual use of pre-defined potential scope reductions. Eight of the 14 studied projects did not implement any of the predefined reductions. Six projects implemented some of the reductions. These reductions were mainly general reductions of the quality of the facilities. The Norwegian reduction lists are based on an unusually high degree of specification of potential actions for cost control. International best practice is more concerned with general approaches. To function as intended, possible reductions should be possible to implement late in a project. General contingencies appear to be more effective for cost control than predefined scope reductions.

scholarly journals A New Cost Management System for Construction Projects to increase Competitiveness and Traceability in a Project Environment

2021 ◽  
Vol 24 (1) ◽  
pp. 31-47
Author(s):  
Hossein Toosi ◽  
Arezou Chamikarpour
Keyword(s):  
Construction Projects ◽  
Competitive Ability ◽  
Cost Control ◽  
Control Method ◽  
Cost Management ◽  
Structured Interview ◽  
Activity Based Costing ◽  
Project Environment ◽  
Target Cost

Un nuevo sistema de gestión de costes de proyectos de construcción para aumentar la competitividad y la trazabilidad para entornos de proyectos. El objetivo principal de la investigación es utilizar nuevos métodos de cálculo de costes en los proyectos de construcción para reducir y controlar las desviaciones de costes y algunas limitaciones que presentan los modelos tradicionales. La hipótesis de la investigación se basa en la capacidad sinérgica del cálculo de costes basado en actividades centradas en el rendimiento, en combinación con el método de cálculo de costes objetivo para fomentar la competitividad del sistema de control de costes para entornos de proyectos. El método se elaboró para controlar los gastos directos y generales del proyecto durante su ejecución. Se realizó una entrevista con 26 directores financieros en dos o cuatro ocasiones entre junio de 2016 y mayo de 2017 con el fin de validar y modificar el método. Siguiendo una entrevista semiestructurada, el método propuesto contribuyó a aumentar la precisión, la certidumbre y la rastreabilidad de los costes y proporcionó la integridad del sistema contable, técnico y operacional. Además, se analizan las desviaciones y se reducen los costes al considerar las condiciones competitivas y estratégicas. También se limita el coste objetivo de los paquetes de trabajo y se genera una alerta al finalizar cada uno de ellos. Además, de acuerdo con el test de Friedman, existe una capacidad competitiva significativa en comparación con el método convencional de control de costes en los proyectos y también se aplica en un estudio de caso. This research proposed a new method for project cost management based on Competitiveness and traceability in a case study and operational situation. The research hypothesis is based on the synergistic ability of performance focused activity-based costing in combination of the target costing method for encouraging competitiveness cost control system for project environments. The method was developed to control, direct and overhead costs of the project during its progress. Also, it uses the feature of activity-driven and different resource drivers to determine the types of costs with the effect of time driver for each activity. An interview was conducted with financial managers during two to four times with the aim of validating and modifying the method. According to a semi-structured interview, the proposed method contributed to increase the precision, certainty, traceability of costs and provided the integrity of the accounting, technical and operational system. It also analyzes deviations and reduces costs by considering competitive and strategic conditions. It's also limiting the target cost of work packages and causing an alarm on the completion of each. According to Friedman test, there is a meaningful competitive ability compared to the conventional cost control method in the projects and it is also implemented in a case study.

scholarly journals Procurement management/ material supply on construction projects

2018 ◽  
Vol 215 ◽  
pp. 01031
Author(s):  
Maksum Tanubrata ◽  
Ika Gunawan
Keyword(s):  
Inventory Management ◽  
Construction Projects ◽  
Material Handling ◽  
Construction Project ◽  
Procurement Management ◽  
Logistics System ◽  
Planning And Control ◽  
Material Procurement ◽  
And Performance ◽  
And Control

Material inventory management is one part of the logistics system devoted to project implementation on material procurement as per the needs plan procurement management is a very important material function, since the material inventory for a construction project involves a considerable investment cost. In general, every construction project involves complex activities, which involves the sharing of activities and operations. Material acquisition activities require good planning and control considering the large percentage of material costs to the total cost of the project. So if less effective material handling will result in loss of time, cost and quality. then this should receive high attention from contractors for the smooth and performance to be achieved in the implementation of construction projects.

Application of Neural Network in Duration Implicit Cost Control for Construction Projects

2013 ◽  
Vol 431 ◽  
pp. 365-369
Author(s):  
Bi Lin Shao ◽  
Li Qing Wang ◽  
Qiong Wu
Keyword(s):  
Neural Network ◽  
Construction Projects ◽  
Cost Control ◽  
Construction Project ◽  
Back Propagation ◽  
Control Model ◽  
Network Diagram ◽  
The Third ◽  
The Neural Network ◽  
Project Network

According to the characteristics of construction project, it set the third level of duration implicit cost, deepening the understanding of the duration implicit cost in construction project. Through analyzing the similar characteristics of the technique of project network diagram and neural network, it built a duration implicit cost control model based on neural network, which can adjust the project network diagram to the optimization direction. Aiming at the defects of the traditional neural network, the variable learning rate back-propagation arithmetic and the additional momentum method were introduced, and the duration implicit cost control model was built, improving the accuracy of the control for the neural network technique.

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