A Review On Cost Effective In Construction Industry

Civil Engineering

The level of investment requirement in the Indian building construction industry, the poor response in successful implementation of government infrastructure projects and the lack of adequate research in the area of cost escalation management have been the motivation for the current research. Most significant cost overrun factor categories are contractor-related and are external. Most significant cost overrun factors are price escalation, slow decision making, site conditions, low bid, no availability of sufficient number of skilled labours, number of changes and variation orders by the client. Most significant cost overrun factor categories are Steel, Cement and Brick. Most significant cost overrun factors are raw material input cost, demand and supply, power tariff, transportation cost, inflation, taxes, exchange rates and government policies.

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