Decision Sciences
3 years ago

Unlocking Cost-Saving Secrets for Building Projects in Nepal's Kathmandu Valley

American Journal of Science Engineering and Technology
Cost Optimization in Building Construction Projects with Special Reference to Kathmandu Valley of Nepal
Surendra Kumar Karn, Khet Raj Dahal

Paper Summary

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Cost optimization in building construction projects is crucial to stay within budget. A study in Nepal identified key factors for cost optimization, including effective planning and control, proper monitoring systems, skilled labor, and value engineering principles. Time and cost are major factors in construction projects, with costs increasing as construction time extends. Strategies like recording daily progress, using time-cost trade-offs, and following quality policies can help optimize construction costs. Adopting constructability and value engineering principles is recommended for successful construction projects.