Research On Cost Management Of Construction Projects: A Case Study On Tianjin Urban Construction Group

Since China returns to the WTO,more and more international construction companies compete in its construction market,which further adapts to an open system.To cope with intensified competition,construction companies often utilize a basic strategy of cost cutting.cutting.In order to either acquire excessive profit margin than competitors,or enlarge market share,and eventually,achieve soaring profit growth to establish its competitive advantage,this approach aims at cutting cost to an extreme extent,making the cost management significant to corporate strategy for a construction company.However,an immature,lack of detail,or empirical cost management approach leads to difficulties on locating its goals,or even lose of control on cost. This paper , therefore , focuses on construction project cost management.The article includes:Firstly, it analyzes the organizing structure of current construction projects basing on the general situation in the construction industry points out the brand。new structure used in projects , which consists of contracting.Sub-contracting, construction team, and designated contracting by construction units:it also has a detailed description on the factors that will affect the cost of a project.Such as construction technology, management team and exterior environment, and establishes testing model of the effect of cost control,SO that the level of cost management can be evaluated by using evaluation of the cost management,a questionnaire.Secondly, And based on the problems are pointed out with regard to management mechanism,management team,risk control,process control and other aspects;and cost management tactics are provided,such as clarifying the responsibilities of superior companies , completing the system construction and tightening the process control.At the end,the article compiles cases of construction projects in accordance with the current situation,and discovers problems in cost management in the project based on theoretical knowledge to come up with measures on intensifying the cost management of projects.