Cost Control

Abstract

Cost control may be defined as the ability to influence positively the cost outcome of a project by modifying negative performance trends. From the discussions throughout this reference, it should now be clear that cost control goes far beyond the simple monitoring of performance and, where possible, adjusting the basis for performance in some way. These actions are only a small part of the larger issue of cost control. In a typical construction project, cost control should be of paramount concern from the earliest involvement to address the construction needs of an owner through the completion of the last punch list item.