Construction Cost Management

Construction Cost Management involves planning, estimating, budgeting, and controlling the expenses associated with a building project. It ensures that the project stays within the financial limits set by stakeholders, balancing quality and scope. This process includes analyzing costs for materials, labor, equipment, and other resources, as well as tracking and adjusting expenditures throughout the project. Effective cost management helps prevent overspending, identifies potential financial risks early, and ensures the project is financially feasible from start to finish. Ultimately, it aims to deliver the desired outcome efficiently while optimizing the use of available funds.