Research On Control Of Construction Project Costs

As construction corporations in our country has witnessed significant changes in economic and social environments, the deficiencies of traditional theories and methods for costs control has highlighted issues of cost decision-making and management decision-making. It is required that the construction corporations take measures for costs control.Firstly, the cost control of construction projects is analyzed; and the principle, procedures, objects, contents, and basic methods of costs control are briefly introduced.Secondly, the application of the cost control of construction projects is analyzed in combination with verification analyses of practical construction projects. Earning Theory is applied into practical projects of the cost control, which receives good economic returns; feasibility and efficiency for the project controlling theory and method are verified.Finally, costs control of the construction projects is characterized as the multiparty conducts from the shareholders'perspectives. On the basis of this point, the paper proposes that effective cost control of the construction projects can only be achieved by the establishment of a common interactive control mechanism and a linkage control mechanism; it also proposes that various stakeholders must be integrated in the control process, that is, the stakeholders are made the central parts of the control activities, with constant optimization of the control path and effective integration of the resources, the systems and the environment, for the purpose of better costs control and cooperation.