Cost Control in Construction

Description

The course is tailored for engineers who are interested to work as cost engineers in construction . it starts to show the importance of measuring performance and the different parameters to reflect such as assets , financial liabilities , annual income , …etc. there is a detailed explanation of the meaning of all expressions used in the field like cost variance , cost performance index , depreciation , accepted percentage of loss , expected cost at completion , forecast  , profit , contingency , risk , within budget , over budget , sunk cost , staff salaries , labor wages , taxes , stamps . and as the focus will be on earned value technique or budget cost for work performed  , the course explains all about cost classifications  direct and indirect , head office expenses , taxes , social insurance , calculations , allocation , distribution  …. etc. . after explaining how to practice evt , the course shows how to prepare comparing reports between budget and actual regarding all the element materials , equipment , subcontractor and labor .the course also gives a sufficient idea about the financial effect of claims and arbitration on the status of the project. finally the course explains some practical examples to show how to deal with any cost elements an what are the benefits you can get from the report to improve the performance and to be able to prevent any further negative variance

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