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COST PLANNING AND CONTROL - AN OVERVIEW <br /> . What Is cost control? <br /> Cost planning and control evolve by stages: it <br /> entails preparing a realistic initial budget, <br /> preparing a plan of how the budget is to be spent <br /> and then monitoring the developing design to ensure <br /> it fits into the agreed spending plan. <br /> In essence, it means a systematic method which <br /> seeks to regulate all controllable building <br /> construction costs and which enables bids to be <br /> brought in within your budget limits. <br /> When cost planning services are used in a project <br /> they should be applied at the start of the concept <br /> and carried through to the award of building <br /> contracts and more preferably, through to project <br /> completion. <br /> The following sections of this guide describe <br /> typical cost control measures at the successive <br />_- project stages: 1) Feasibility and building program <br /> stage; 2) Schematic design and design development <br /> stage; 3) Working drawing and specification stage <br /> • and, 4) Bid stage. <br /> • <br /> 3 <br />