Brief Discussion on Cost Control System in Projects of Commonwealth Nations
- Zhong, Guangen
China is a country which has the largest investment amount in engineering construction in the world and which has the most construction projects. It is a significant subject for the extensive engineering managers to have effective engineering cost management in construction project management and to reasonably determine and control construction cost on the condition of ensuring construction quality and time limit. On the basis of the status quo of losing control in Chinese construction investment and of separation of technique and economy in engineering, and guided by basic theories of construction cost control, the author discusses control methods and application of construction cost, sets forth existing issues in construction cost control and influences of these issues on determination and control of construction cost, puts forward that construction cost control should reflect cost control of the entire construction process at the earlier stage of construction, and then introduces some procedures and methods of applying value project cost control at all stages of construction projects.