Answered: 1. Enumerate at least 5 components of…

1. Enumerate at least 5 components of project control. 2. Enumerate at least 2 major classification of construction project cost. 3. Enumerate at least 3 key types of estimates

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter8: Pricing Generally

Section: Chapter Questions

Problem 15RQ

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Concept explainers

Cost control

Cost control or management in property or project management is the process by which managers maintain costs under human resource management, assets, and capital expenditure to ensure that the project ends on a budget basis. Cost management depends on reasonable estimates and ongoing monitoring during the project. As a result, good cost control is essential for any construction business that wants to succeed.

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1. Enumerate at least 5 components of project control. 2. Enumerate at least 2 major classification of construction project cost. 3. Enumerate at least 3 key types of estimates

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