Material Management
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Perceptions of Material Management/Production Practices as Measures of Financial Planning and CostControl on Construction Sites
Abstract: Financial planning and cost control on construction projects are necessary to avert cost overruns, ensuring that the final cost does not exceed the projected capital outlay. Material management and production practices constitute financial planning and cost control measures that are mandatory to increase the profit margin of construction firms. This is against the backdrop of the likely resource commitment made by construction firms in obtaining project finance to purchase materials. …
Published in Journal of Production Research & Management · Vol. 13, Issue 2, 2023 · pp. 64–71 Read article