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Title: Cost Management For Construction Projects
Author: R. T. Ocallaghan
Source: American Gas Association 1977
Year Published: 1977
Abstract: Not a great deal has been written about Construction Cost Management, but you may have heard some say it is incomprehensible, it is highly controversial or it is not our function. Since property and plant represents the largest, most imponant asset of your Company and is of particular interest to special groups, creditors and investors, we feel there is a need for more efficient management of the extremely large expeditures required for construction projects. What do we mean by Construction Cost Management? By definition. Construction Cost Management. as it relates to project work, is the reporting, controlling and analysis of cost factors together with the compilation of other related information for the ultimate purpose of completing the project on schedule at the least cost, consistent with acceptable operating standards.

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