Architect's Essentials of Cost Management
Chapter One
Introduction
Owners are demanding that designers and builders
relate more strongly to their financial and economic
objectives and demonstrate more effective cost management
in the delivery of projects. Regardless of
industry, location, or financial situation, owners
expect their design and construction team to manage
project costs in an accurate and responsive manner.
Architects, as leaders and managers of the design
process, are also expected to take a leadership role in
the cost management process.
Owners expect that an accurately defined budget
will be prepared early in a project and, subsequently,
that the project will be completed to required scope,
quality, and performance, all within that budget.
Owners invariably consider cost to be a high-priority
issue and often a differentiating aspect of perceived
success or failure, regardless of the quality or other
attributes of the built facility. Often, meeting a budget
is necessary to financially justify a project.
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