Project Cost Control
- To prepare Project Budget (Pre-start / Revised)
- To Monitor the Project performance regularly and advise early warning / caution on Project
- To check unit cost Actual Vs Budget
- To recommended steps to reduce actual cost.
- To give feed back of Project performance to the Tendering Department for updating their data bank.
Pre-Start Budget for the Project
- All Material requests from Site shall be checked against the Budgeted Quantities and forward to the Procurement for further action.
- Cost of Subcontract Items shall be verified with the budgeted amount before finalizing the confirmation Orders to the Sub-Contractors
- Actual Expense of the Project is compared with the budgeted amount for the work done at specified cut off dates.
- Analysis for various cost heads for which the actual cost exceeds the budgeted and thereby advising the Management for further action to cut down the cost.
- Estimate the Cost of balance work to be executed on monthly basis and thereby assess the overall profitability of the Project. This Estimation shall be done for balance quantity of work to be executed without changing the Productivity norms and rates considered in Pre-start Budget / Revised Estimation.
- Suggestions to the Management to cut down the cost at various stages of the Project.
Revised Budget
- Whenever the difference between actual cost and Budgeted cost in high Revised Estimation shall be prepared.
- Revised Estimation shall be prepared considering the actual facts such as Labour Productivity at site, actual cost of materials purchased and other resources actually required at Site.
