What is the project cost?

The project cost simply refers to the construction price of the project, and the three elements of the project cost are: quantity, price and cost. Broadly speaking, the project cost covers the construction cost (civil engineering and installation specialty), highway engineering cost, water transportation engineering cost, railway engineering cost, water conservancy engineering cost, power engineering cost, communication engineering cost, aerospace engineering cost and so on.

1

The project cost refers to all the expenses spent in the project construction. The main task of the project cost is to calculate the direct costs (the use of labor, materials and equipment, construction machines and tools), enterprise management fees, measures fees, fees, profits and taxes included in the project according to the drawings, quotas and list specifications. Project cost refers to the project price, that is, the estimated or actual price of construction and installation projects and the total price of construction projects in the land, equipment, technical services and contracting markets through bidding and other transactions.

2

What is the major of engineering cost?

Project cost is a broad concept, and the definition of project cost is different in different fields. Due to different application fields, it can be divided into construction project cost, single project cost, unit project cost and construction and installation project cost. Engineering cost graduates are mainly engaged in installation, construction, budget, engineering audit and evaluation, quota management and so on. Can also be engaged in project supervision, bidding.

three

The function of project cost

Project cost is one of the main bases for evaluating the rationality and investment benefit of total investment and sub-project investment. When evaluating the rationality of land price, building installation and equipment price, the project cost data must be used, and the project cost can also be used when evaluating the repayment ability, profitability and macro-benefit of construction projects. Both investors and builders should calculate the construction process in advance before construction. Investors can budget the project cost, which can be used not only as the basis for project decision-making, but also as the basis for raising funds and controlling costs. The control function of project cost is embodied in two aspects: on the one hand, it is to control investment, that is, to control the cost at different levels in the whole process according to the repeated budget and evaluation of the cost in each stage of investment; On the other hand, it is the cost control of goods and services suppliers represented by contractors.

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