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WORKING DRAWING AND SPECIFICATION STAGE <br /> • Is cost checking and monitoring important? <br /> A crucial phase in cost control is the transition <br /> from a building program into a firm design concept. <br /> ® However, cost checking and monitoring drawings is <br /> also vital to the success of the cost control <br /> system and the delivery of the project on budget. <br /> It is imperative that the cost plan be consulted <br /> during the entire working drawing stage as details <br /> and materials are finalized, and this is where <br /> \� continuous cost checking takes place. It is <br /> customary to set certain milestones at which time <br /> formal cost checks and reports are prepared and <br /> compared to cost plan targets. This checking <br /> process should indicate any cost variations <br /> - clearly, as well as reasons for them, and also <br /> _ suggest measures for corrective action. The <br /> preparation of these cost checks can become largely <br /> v a useless exercise unless someone is empowered to <br /> take action on their findings. Elementary as this <br /> may sound, it is not always easy to achieve in <br /> _ practice, but is vital if any cost control system <br /> has a chance of succeeding. <br /> z • Performance and quality objectives need to be <br /> closely monitored in this phase, and any extension <br /> Careful cost checking Is done during the of your originally stipulated program limits need <br /> to be justified on a life-cycle cost basis, or <br /> working drawing stage rejected if not wihtin capital budget limits. <br /> 13 <br />