Material, Labor and Cost- How to avoid the malfunctioning involved in the construction project?

Material, Labor and Cost- How to avoid the malfunctioning involved in the construction project?

Imagine a construction project with no budget allocation, no planning and control. What could happen? There is a stark possibility of the construction project to fail with or without completion. It can either be stuck due to a lack of funds or get completed but with excess expenditures. It is also possible that the quality of work and the material used may be of substandard. Moreover, without proper control, fraud can likely happen. How can this be avoided without any malfunctions?

Generally, the construction industry is very vast considering its importance in the economy of a nation. The role of construction industry reflects in the general functions carried out to build the infrastructure. It does not only limit to establishing an infrastructure but also to sustain it in the long run. In the entire project life cycle, the management of the construction plays a crucial role right from the extraction of the raw materials to the after-sales services (Foulkes & Ruddock). Being a very complex sector, the construction management comprises of critical operations from designing, building, altering, maintaining and repairing as well as civil, mechanical and electrical engineering tasks. The stakeholders involved in the construction sector can mainly be the client, contractors, suppliers, manufacturers, professional advisors, financial bodies and public agencies (Tuts, 2017). Concerning the functions and stakeholders, a proper construction management framework is recommended for a successful accomplishment of the project. 

According to CMAA, “construction management is a professional service that provides a project’s owner(s) with effective management of the project’s schedule, cost, quality, safety, scope and function” (CMAA, 2020). Simply put, proper co-ordination of the costs, material, labor and functions within the scope of the definition is successful construction management. All these factors are linked and inter-dependent right from the initiation of the project to its completion. Construction Managers aim to deliver client needs within budget and schedules involving calculated risks and safety and with an acceptable quality of work (Hamakareem, n.d.) 

Producing a project without mismanagement is a complex yet possible task. It can be precisely avoidable with effective planning, implementation and execution and the vision of the project managers. 

  • Accurate cost forecasting

Approximate cost forecasting or estimation and decisions made according to the bids and cost of material, manpower and other resources can help to avoid unnecessary expenditures. 

  • Budget allocation

The Cost Estimator can allocate defined costs and budgets considering the schedules, overall scope of definition considering the uncertainties and risks and execute contingency plans in case of any emergencies. 

  • Utilizing Technology and software tools

Cost Engineers involved in the construction project can make an effective use of technological advancements to produce the project with efficiency and accuracy. The use of software and tools can help to validate, maintain and record data thus, keeping mismanagement at bay. 

  • Time management 

    Completion of a construction project within the allocated time is itself a success. Project Managers can plan, implement and execute specified operations to avoid the malfunctioning and time wastage
  • Communication and coordination

    The coordination and communication of all the stakeholders involving the on-site labor, contractors and the professionals working from the office is crucial to avoid any mismanagement during the project lifecycle. 
  • Immediate dispute resolutions

    Disputes and misunderstandings are likely to happen during the project. Especially where material, labor and cost is involved, disputes occurring can be resolved with immediate actions to avoid any frauds, uncertainties and overall mismanagement. 

The construction industry is volatile and vulnerable. Hence, it is advisable to keep a close watch on the three very critical components of the construction project and that are; material, labor and cost to avoid malfunctioning and mismanagement. 

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