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Contractor success on a project is measured in terms of a) completing the project according to plan, b) within cost and time budgets, c) satisfying owner needs and d) generating profits.
Having an effective Quality Assurance System in place will go a long way in helping to achieve success across all of these areas.
Implementing a cost control system in buildings.
There are three basic procedures for applying a system to control costs during the early stages of design through to development of working drawings. These are:
Step One – Setting cost targets and establishing a realistic first estimate.
Step Two – Cost checking against original estimate.
Step Three – Remedial Action