Original scientific paper
https://doi.org/10.5592/otmcj.2011.2.2
Planning and Management of Construction Budgetary Costs
Helena Ellingerová
Abstract
The intention of every investor is to obtain construction work in the most effective and economic manner. In other words the
investor is trying to achieve the highest value for money for his capital investment. This goal can be achieved by systematic management of the investments throughout the planning process, design and construction phases of a project until the final account is paid and permission granted for use of the building. In order to achieve this, it is necessary to estimate the development cost during the planning and design phase and control or manage this cost throughout the project. The cost management process and the selection of a contractor are important factors for investor to achieve this goal.
Keywords
costs management; investment process; life cycle of a building; cost estimate; economic effciency
Hrčak ID:
74979
URI
Publication date:
1.12.2011.
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