QDV - Quick Devis

The construction projects are a project, but to accompany them is a bag of problems. In regards to cost management, one of the biggest issues that are inherent in each construction project is the uncontrollable surge in cost that may pose an immense threat to cost regulations in projects. Shafi's paper has explained cost escalation , a situation whereby the actual cost of a construction project greatly exceeds the anticipated or estimated cost, as a major issue affecting construction projects, with 49% of such projects experiencing a cost overrun. Therefore, what can the construction managers do to ensure that costs are contained and the projects are estimated and delivered within a certain cost? There are techniques to avoid cost-runs and techniques to manage cost-escalation through the life-cycle of a project Let’s explore these next. 1. Understanding Why Cost Escalation Is Happening The management of cost escalation begins with knowing why such costs exist. Some factors cannot b...

Introduction: Why the right software matters Imagine this. You are halfway through an extremely important project when you see that the budget you've spent so much time agonizing over has slipped past you. How irritating does that sound? You're not alone. However, evidence indicates that over 35% of projects’ budgets were inflated due to management and poor overestimation of costs. This is where project cost estimation software can make a difference. Such software will help businesses streamline planning, ensure budget forecasting is not a challenge, and steer clear of financial pitfalls. The challenge is that numerous options exist, making finding the right one challenging. The good news is that if you focus on the right features and align these with your business needs, it will be very easy to identify the best software for the job if your aim is to save money and increase the efficiency of the projects. This makes your decision-making process easier here we show you all the...

An essential element when it comes to the success of the management of the project is cost and time. The right estimating technique will determine the difference between having a successful project and a less-than-perfect project one that is characterised by excessive costs or time consumption. Investigations have revealed that about half of the projects do not attain their costs or schedule estimates because of ineffective estimating. This statistic gives prime focus on which estimating tools and techniques to use if implemented at the start. Well, how would you decide which method can be utilised in your particular kind of project? That will depend on a myriad of factors such as the type of project, it’s complexity, and how many units of data there are available. In this article you will learn the various methods of estimating and receive recommendations on when to apply which to ensure proper planning. On the heels of that, let’s take a closer look at this important aspect of proje...