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Cost Accounting and Control

 

Because foreseeable and unforeseeable events can affect both the cost and schedule of a construction project, it is important for contractors and owners alike to keep current on a project's cost.

Maintaining a reliable cost control system enables a contractor to analyze the productivity of workers, the performance and efficiency of equipment, the cost of materials, and the proper allocation of overhead expenses. Additionally, it allows for changes as a project progresses. If construction costs are running higher than the line item amounts of the contract budget, or are different than scheduled, corrections can be made while the project is still in progress, therefore increasing the chances that a project will be financially successful.

Gary Strickland Co.’s experienced professionals are here to assist the client with the implementation of cost control systems, training individuals and companies in cost controls practices, cost control policies and procedures, and analyzing costs on troubled projects.
 

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