Document Support of Cost Management in Underground Construction Projects

Bovsunovskaya, Maria

doi:10.1016/j.proeng.2016.11.806

Cited by 5 publications

(3 citation statements)

References 6 publications

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“…All of the above risks create the risk of untimely commissioning of the facility, delay in implementation, and long-term construction. To level these risks, a system of cost controlling is proposed, which at all stages of the project marks the control points for determining the cost and identifying current deviations [8,9,10,11]. The proposed system clearly demonstrates the sequence of cost controlling activities at all stages of the project.…”

Section: Research Resultsmentioning

confidence: 99%

Development of a cost controlling system for an investment and construction project

Bovsunovskaya

2021

E3S Web Conf.

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The study is devoted to substantiating the need to develop a cost controlling system in order to improve the efficiency of investors, developers, customers, general contractors, as well as representatives of the banking system who are directly involved in the implementation of investment and construction projects. The paper summarizes the innovations of the Ministry of Construction, Housing and Utilities of the Russian Federation in the field of determining the cost of construction at the stages of the life cycle of an investment and construction project, and suggests their adaptation to the activities of commercial customers. The factors of the rise in the cost of construction in the modern conditions of the investment and construction sphere are systematized, including topical issues of the rise in cost due to the increase in prices of building materials. The main risks arising from the implementation of the project associated with an increase in cost are highlighted. As the results of the study, stages of construction cost control with a description of their content and a system of cost controlling of an investment and construction project are proposed.

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Section: Research Resultsmentioning

confidence: 99%

Development of a cost controlling system for an investment and construction project

Bovsunovskaya

2021

E3S Web Conf.

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“…If the financing of the construction object is carried out with whole or partial involvement of the budget system of the Russian Federation, then the approved estimated standards included in the Federal Register of Estimated Standards of the Russian Federation should be used to form the estimated cost. A set of estimates is formed, consisting of an explanatory note, bills of quantities, other supporting documents (if necessary, as well as calculations for certain types of work, local estimates, object estimates, a summary estimate of the construction costs [10,11].…”

Section: Methodsmentioning

confidence: 99%

Auditing the estimated cost of construction of transport infrastructure facilities

Bovsunovskaya

Kurtina

2022

E3S Web Conf.

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The paper is devoted to the study of the audit of the estimated cost of construction of transport infrastructure facilities. Since it is the study of the estimate documentation for the correctness and accuracy of the application of prices and scope of works that makes it possible to ensure the expediency of using funds, avoid financial losses and achieve high-quality project implementation. The authors justified the need for an audit, identified its stages and their content. An algorithm for checking local estimates during an audit of the estimated cost has been compiled. Specific examples of analyzing the positions of the estimate documentation during the audit of the estimated cost of construction of transport infrastructure facilities are given, deviations in the composition of local estimates are identified, recommendations are given based on the results of the audit.

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“…Cost management is the monitoring of cost expenditure within budget having the knowledge of how and why cost difference occurs and taking effective actions based on relevant information [4,5].…”

Section: Introductionmentioning

confidence: 99%

Towards the Establishment of Relationship between Macroeconomic Indicators and Cost of Public Educational Buildings in Ghana

Asamoah

Baiden

Nani

2019

Journal of Engineering

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Cost of building is usually influenced by several factors; one of such is frequent changes in macroeconomic variables. The purpose of this study is to establish the need to conduct further research on the impact of changes in macroeconomic components on the cost of public educational buildings. The study adopted the qualitative research approach; purposive and snowballing techniques were used in selecting respondents. Questionnaire survey was used to obtain primary data from respondents who were Quantity Surveyors and Estimators. The questionnaires were analyzed through descriptive analysis. Secondary data was obtained through literature review. The study revealed that respondents were satisfied with cost management procedures and practices and mainly relied on cash flow, progress reporting, and project cost control methods as means of monitoring and managing project cost. Relative important index, prime rate, interest rate, and inflation were some of the macroeconomic components that professionals considered having impact on cost. The respondents also recommended further studies on the impact of macroeconomic variability on cost of public buildings.

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Document Support of Cost Management in Underground Construction Projects

Cited by 5 publications

References 6 publications

Development of a cost controlling system for an investment and construction project

Development of a cost controlling system for an investment and construction project

Auditing the estimated cost of construction of transport infrastructure facilities

Towards the Establishment of Relationship between Macroeconomic Indicators and Cost of Public Educational Buildings in Ghana

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