Reducing Construction Cost
The activity time for project constructions are normally estimated for some given level of resources. However, on several occasions, the length of the project time of activities, were reduced, by injecting additional resources.Project managers must have certain options at his command that will allow shortening of the time referred to as “Crashing Certain Activities” and the most obvious options is the use of additional funds to support additional personnel, have more efficient equipment and relax some work specifications.The goal in evaluating the time cost trade-off is to identify a plan...
Building and House Construction Cost in the Philippines
Methods of ComputationCost of construction is generally computed in two ways. First is through detailed estimating and second is through the area method.Detailed estimating refers to the process of deriving the total cost by computing the quantity of each item of work and their equivalent materials and labor cost. This process requires that a plan be prepared first before the estimate can proceed. It is the more accurate method of computation and usually arrived at lower cost than the area method. This method is preferable because it force the contractors or...
