How Can Construction Companies Control Building Costs?

EXCLUSIVE: Experts say future-proofing feasibility studies can drive efficiencies for development teams. Keep reading to discover how construction companies can control building costs better.

With the mantra of ‘Cash is king’ more pertinent than ever before in the region’s building sector, construction budgets and cost control remain of critical importance to all stakeholders across the supply chain.

According to CEO of building technology firm RIB CCS, Andrew Skudder, construction budgets are ‘particularly vulnerable’ to inaccurate project estimates, changes to the design and the scope of projects, inadequate change orders and cost management, and poor site productivity and management.

“While design and scope changes are to be expected – more often than not, tweaking a design to optimise a project is welcomed on all sides – accurate cost and time estimates using leading software solutions will reduce risk”, he tells Construction Week.

Skudder says cost control is a process that should be ongoing “throughout the project lifecycle”, from the first estimate to the final account sign-off. This will ensure that the cost of a project is kept within the agreed budget.

Find out how RIB software solutions can help construction businesses control building costs better.

Read more in Construction Week Online