- Title
- Exploring the integrated cost control models used in the construction industry
- Creator
- Adjei, K.O., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Subject
- Cost control, Model, Construction industry
- Date
- 2016
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/217000
- Identifier
- uj:21584
- Identifier
- Citation: Adjei, K.O., Aigbavboa, C.O. & Thwala, W.D. 2016. Exploring the integrated cost control models used in the construction industry.
- Description
- Abstract: Project cost control models bring about all the techniques used in developing construction cost, cash flow forecasting and cost control. The construction industry has been unfamiliar with its characteristics and properties.This study therefore exploresthe existing integrated cost control models used in the construction industry.The study was conducted through a literatureresearch. Three different integrated cost control models used for the construction industry were selected between the years 2001 and 2013. The data used in the report is mainly qualitative and it was based on content analysis.The findings show that all the models had cost control systems. The inputs of the models were bills of quantities, resources list, activities programme, work breakdown structure and estimates. The processes of the models were managing all the resources; materials, labour, equipment and overhead costs, monitoring, controlling, reporting, decision making, corrective actions, forecasting and deadlines. Lastly the outputs of the models were project loss or profit, post evaluation and historical data kept for future use.
- Language
- English
- Rights
- ©2016, authors
- Full Text
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