Construction is having widely varying characteristics, perform diversity of functions and serve the needs of variety of clients. Hence wide range of planning techniques has been devised to meet the needs of a variety of solutions.
The main objective of pre contract cost planning is to ensure that the contract sum is within the clients approved budget or cost limit.
Cost planning is the technique by which the budget is allocated to the various elements of an intended building project to provide the design team with a balanced cost framework within which to produce a successful design. (Pre-contract Cost Control & Cost Planning, The QS Division of RICS, 1982, P6)
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