Audit on Factors Causing Cost Over Runs in Construction Industry
S. Venkatraman1, Anish.C2, S. Rajesh3, R. Venkatakrishnaiah4
1S. Venkatraman, Department of Civil Engineering, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
2Anish.C, Department of Civil Engineering, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
3S. Rajesh, Department of Civil Engineering, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
4R. Venkatakrishnaiah, Department of Civil Engineering, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
Manuscript received on 05 November 2019 | Revised Manuscript received on 13 December 2019 | Manuscript Published on 31 December 2019 | PP: 117-120 | Volume-9 Issue-2S4 December 2019 | Retrieval Number: B10881292S419/2019©BEIESP | DOI: 10.35940/ijitee.B1088.1292S419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Development has become a significant player in the economy of numerous nations, particularly created nations. Development can be considered as a unique industry which is always confronting vulnerabilities. These vulnerabilities and the numerous partners in these sorts of ventures, make the administration of costs troublesome which thus causes cost invades. Thusly, cost overwhelms are viewed as one of the most basic issues during the execution of development ventures. What’s more, in this undertaking we likewise discover how to look with venture cost topples and limit of cost over runs in point by point investigation of this task. Undertaking in which the cost invade of the venture surpasses 10 percent of the underlying spending plan.
Keywords: Undertaking, Troublesome, Development Ventures.
Scope of the Article: Construction Engineering