Cost Control Under Inflation in Construction Companyby Abraham Warszawski, (M.ASCE), Assoc. Prof.; Dept. of Civ. Engrg., Technion - Israel Inst. of Tech., Haifa, Israel,
Serial Information: Journal of the Construction Division, 1981, Vol. 107, Issue 4, Pg. 649-663
Document Type: Journal Paper
The various features of an effective cost control system, employed in a construction company under inflationary conditions, are presented. The characteristics of revenue oriented and standard oriented cost control systems in construction are explained, and their advantages and limitations are discussed. The necessary adjustments, under both methods, for their effective application under inflation are introduced. The method for cash flow control under inflation is also explained. Typical problems of practical application are discussed and some clues to the analysis of economic feasibility of cost control system in a construction company are provided.
Subject Headings: Construction costs | Construction companies | Control systems | Economic factors | Building codes | Revenues
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