PROJECT COSTCONTROL/SPECIFICATIONS/VALUE ENGINEERING
Project cost control has two aspects. First is the need for a design firm to control internal design costs. This requires careful monitoring of expenditures against fee budget. Second is the need to estimate and monitor the construction budget. Failure to adequately do this may result in exceeding an owner’s willingness or ability to pay for constructing the facility.
CONTROLLING INTERNAL PROJECT COSTS
Perhaps the most difficult ...