Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: Different Methods of Cost Planning during Construction
Description: Since constructing a home is very expensive and any errors might cost the customer much money, the construction industry primarily depends on cost planning. Make sure the structure can support the resources you have and that you comprehend the planning process. It would help if you considered everything that might affect your financial situation to maximize it. It is crucial to remember that developing a structure shouldn't cost more than the customer has budgeted for it.
Description: Since constructing a home is very expensive and any errors might cost the customer much money, the construction industry primarily depends on cost planning. Make sure the structure can support the resources you have and that you comprehend the planning process. It would help if you considered everything that might affect your financial situation to maximize it. It is crucial to remember that developing a structure shouldn't cost more than the customer has budgeted for it.
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
higher for the firm to create value
...
Its main goal is to
ensure that the profits reported in the company's books are true and
appropriately represent the business's financial situation at the current time
...
First and foremost,
statutory accounts must be provided, which is a legal need to present certain
financial information
...
9
(SSAP9) provided accounting guidelines and regulations for the construction
business
...
This
is a good thing if the information is conveyed and analyzed in a suitable way and
with the required precision
...
What is Cost Value Engineering?
Before the advent of lean manufacturing, value engineering was
considered a cost-validation exercise that did not impact product quality
...
The mere removal of a feature or a coating as a cost-cutting
strategy is not included in value engineering
...
For example, a cost that does not provide the following: utilization, life
expectancy, or customer features is considered excessive
...
It has to be acknowledged that there is
no amount of documentation that will accomplish this level of control over
building costs
...
This is how the actual control is accomplished
...
The following are the components that make
up a system for cost control:
1
...
Evaluation of the findings in light of a predetermined benchmark
3
...
A system for controlling construction costs should enable management to
monitor the present cost levels, evaluate those levels about a standard plan or
norm, and take corrective action to maintain costs within acceptable boundaries
...
Even the most advanced method of controlling costs would only be able to
offer information on events that occurred during the last week or month
...
In recent years, several approaches to cost planning have been
developed; nevertheless, there is not yet a universal system that can be applied
to every kind of project in a manner that is considered successful
...
Both of these approaches are known as "systems
...
(November 2018)
...
Retrieved from
https://www
...
com/essays/accounting/different-methods-of-costplanning-during-construction-accounting-essay
Title: Different Methods of Cost Planning during Construction
Description: Since constructing a home is very expensive and any errors might cost the customer much money, the construction industry primarily depends on cost planning. Make sure the structure can support the resources you have and that you comprehend the planning process. It would help if you considered everything that might affect your financial situation to maximize it. It is crucial to remember that developing a structure shouldn't cost more than the customer has budgeted for it.
Description: Since constructing a home is very expensive and any errors might cost the customer much money, the construction industry primarily depends on cost planning. Make sure the structure can support the resources you have and that you comprehend the planning process. It would help if you considered everything that might affect your financial situation to maximize it. It is crucial to remember that developing a structure shouldn't cost more than the customer has budgeted for it.