It is essential that all members of the construction team, whether in building or civil engineering, have an understanding of, and accurate information on, costs in order to be able to operate on a sound and efficient commercial basis. This book examines a wide range of aspects of the control of cost, from the financial feasibility studies for the initial capital investment, through the design, to cost control of the work on site, and considers all these aspects from the point of view of both owner and contractor. The new edition has been fully updated and extended to include a new chapter on financial control, dealing with the role of the balance sheet and profit and loss account as management information; a new section on data collection which highlights new developments and the importance of accurate and cheap methods of collecting information; and a new section on site costing and cost control. The book is full of examples which have been updated and expanded for the second edition. The book will be of interest to all professionals who either use or are engaged in the contracting business. This will include not only those with particular responsibility for costs, but clients with building programmes. It will also be of value to both undergraduates and postgraduate students of construction and business management.
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