Guide to Construction Cost Control

Utilize construction cost control tools to help your project stay on budget
By Niki Hampton

Construction cost control is vital to the success of any construction project and should equal only quality on the list of priorities. Consider the type of construction cost control provider available to decide on the programs and/or services you are most interested in. Share the construction cost control information with other members of management for consideration.

Make a construction cost control list of priorities when deciding how to control your construction costs. To find resources and assistance with construction cost control, you should:

1. Invest in construction cost control software for easy cost control at the office.

2. Consider an audit to determine how to better implement construction cost control in your business.

3. Find construction cost control firms that specializes in construction cost control tactics.

Action Steps

The best contacts and resources to help you get it done

Find construction cost control software Construction cost control software is a feature of many construction software packages. It allows you to control and monitor the cost of each construction project currently in progress as well as those being planned for the future.

I recommend: Corecon offers construction project management software with job cost control features that allow you to input budget, expenditures and purchase orders. Meridian Systems offers many different project management software packages that can be built around your individual needs, such as work order management and purchasing management.

Perform a construction cost control audit on your firm to see where the money is being spent Account for every penny with a construction cost control audit. This can be done in-house with the right instructions, paperwork and attitude of honesty and reality. Ask the person most familiar with the accounting and cost experience in the firm to assist with a complete audit to share with other members of management.

I recommend: ACL provides the latest in auditing software for use with auditing teams for every industry. They offer a webcast opportunity to learn more about the products and the features available. Join the Construction Audit & Cost Control Institute to take part in their innovative construction cost control seminars with information on auditing and cost control methods.

Consider hiring a construction cost control professional to complete the audit Hire a construction cost control professional to complete the audit for you and provide an in-depth analysis of what areas can be cutback, improved or flushed out for optimal functionality of your construction business. This will allow you to see clearly the areas for improvement for a more successful company.

I recommend: Commercial Cost Control is a company dedicated to helping your firm finding cost control solutions. They have experience with the construction industry and can offer you solutions. McDonald & Associates offers construction cost control auditing services in all areas. They have experience in over ten areas of commercial and industrial auditing industries.

Tips & Tactics

Helpful advice for making the most of this Guide

It may be easier to complete a construction cost control audit at a time when there are few projects, as there will be less cost fluctuations to reconcile.

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