Study On The Whole Process Cost Control Of NT Real Estate Development Project

Cost control of a real estate development project is the systematic and standard management of the project cost by an investment entity, which utilizes cost control process and realistic management to execute planning, organization, coordination and control during the construction, in order to ensure the quality, construction duration, safety, and investing goal of the whole project. Cost control plays significant part in acquiring economic benefit in a real estate project management. Successful cost control elevates the competency of a real estate development company.This paper selects NT real estate development project which developed by XingHao Co. Ltd. as the major research object. It makes statement on modern real estate development project management and cost control theory from the perspective of the management of site operation and project cost control, combining the author’s direct experience on real estate development project management. According to the workflow, the project will be divided into two phase:decision-making and implementation. This paper explains cost control in different stages of a real estate development project which including investment opportunity study, land bidding, project decision, preparation, design, construction and marketing. Focusing on controlling the overall cost in the project, this paper proposes cost control strategies in individual stages of the project. By dynamic control over the cost in each stage, the overall project cost is reduced, which boosts the core competency of the real estate development companies.