Lecture on Construction Cost Management

As reported in Economics Times, in India as many as 343 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.16 lakh crore for various reasons . It is observed that due to environmental clearances, statutory clearances, land acquisition, fund constrains, security clearances are the main reason for delays and cost overrun.

We lack professionals having skills and knowledge needed for effective due diligence to address above issues and hence we end up with delays and cost overrun which could have been addressed well before the execution of the project.

Vishal Shah, Director - Gleeds gave crucial insights to our students on Construction Cost Management and demonstrated good practices to control the same.