Call For Paper

Volume 10 Issue 11

November 2024

Submit Paper Here
Download Paper Format
Copyright Form
NEWS & UPDATES
News for Authors:

We have started accepting articles by online means directly through website. Its our humble request to all the researchers to go and check the new method of article submission on below link: Submit Manuscript

Follow us on Social Media:

Dear Researchers, to get in touch with the recent developments in the technology and research and to gain free knowledge like , share and follow us on various social media. Facebook

title

COST REDUCTION OF HIGHWAY CONSTRUCTION PROJECT USING MATERIAL PROCUREMENT METHODS

Author(s):

Ajinkya Makode

Keywords:

Cost Reduction, Management, Construction Technology.

Abstract

The profitability of construction projects can vary greatly, sometimes resulting in contractors losing money rather than making a profit. Project control in the construction industry is crucial to ensure projects are completed on time, within budget, and meeting all project requirements. Cost reduction techniques play a significant role in managing time and expenses effectively. The construction industry constantly strives to reduce costs, often by implementing innovative technologies and methodologies to enhance productivity. This paper discusses how proper material and inventory management techniques can lead to substantial cost savings, ultimately increasing project profitability. Various challenges such as poor planning, material shortages, delays, and communication issues can lead to cost and time overruns in construction projects. It is essential to analyze project costs and implement cost reduction strategies to carry out projects efficiently. By managing project costs effectively through cost reduction techniques, contractors can avoid financial losses and ensure the success of their projects.

Other Details

Paper ID: IJSARTV
Published in: Volume : 10, Issue : 8
Publication Date: 8/3/2024

Article Preview




Download Article