CPCCBC5002A Cost Control, Monitoring and Accounting Construction Projects Engineering Assignment Help

Assignment Task

CPCCBC5002A - Monitor costing systems on medium rise building and construction projects
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Cost Control, Monitoring and Accounting
Being able to accurately predict the cost of a construction project is extremely important. Builders and subcontractors need this information to make decisions about budgets and scheduling, and the owner needs the information to make decisions about the scope of the project or even whether to go ahead with it2 Estimating the cost (or ‘providing a cost estimate’) is a process of anticipating and calculating the labour, materials and other costs associated with construction. A cost estimate for a construction project must be as accurate as possible. Phrases like ‘ballpark figure’ or ‘rough estimate’ should never be used. The person doing the estimating and costing must take the time to consider all aspects and likely costs of the job, to produce an accurate cost estimate.
Relevant documents
To accurately estimate and provide costs for a construction project, a lot of extremely accurate information is required. Most of this information is contained in the contract documents related to the job or project. The range of documents that may be required as part of contract information varies, due to the varying scope of work that builders or contractors may undertake, so you need to be able to identify which documents are required each project.

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