Analysis of Cost Control Techniques Used on Building Construction Projects in Sri Lanka

Abstract

It is an eminent fact that the Sri Lanka construction industry is important for economy as well as fisheries sector and tourism sector. It plays a crucial role to accelerate the economic development of Sri Lanka. It is noted that in the current context, many construction projects in Sri Lanka have not been achieved their goals and targets in terms of cost .Therefore, good cost control techniques would be essential to solve those problems. This research is for mainly identification of costs overruns in the building construction projects in Sri Lanka. During past few years various project control techniques have been developed time to time.