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|Title||A Cost Monitoring System for Gaza Strip Contractors|
Cost monitoring is a main step of a project cost control process. Cost monitoring provides management with actual cost which is compared with the estimated cost to detect any cost overrun. Any deviation from the estimated cost alerts decision makers to a particular problem that may needs more attention and corrective action. This study aims at investigating the existing cost monitoring practice of Gaza Strip contracting companies, and suggesting recommendations to improve it. The proposed improvement is formulated in developing a computerized cost monitoring system. To investigate the cost monitoring practice, a survey is conducted using a questionnaire which is also supported by interviews. Forty one contracting companies are interviewed to fill the questionnaires. The results indicate that the cost monitoring practice is primitive and unsatisfactory. It is not applied in a systematic, periodic and adequate way. The results also show that the contractors do not use any computer applications in cost monitoring. These results give the researcher a thrust to design and develop a tailored cost monitoring software which is named “Cost Monitoring Software” (CMS). It is developed to support and improve the cost monitoring practice of Gaza Strip contractors. CMS is tested and evaluated in real projects by experienced contractors. The evaluation indicates that CMS in general functions well, and contractors are satisfied with it. It provides many reports including the actual item labor, materials, equipment, and subcontractors cost reports, and up-to-date direct cost of items. It also provides the mechanism to convert the entered executed quantities of item activities to equivalent quantity of finished item. This mechanism leads to easier, and more real and accurate cost monitoring process. Moreover, CMS makes provision to compute the item costs considering its location at different group of floors. This provides more accurate cost monitoring, because generally the cost of item differs from floor to floor.
|Publisher||the islamic university|
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