This presentation slide gives the best possible understanding of construction cost management systems, This shows a quick glance that one can follow to have good practices in Cost Management showing Income-Expense Details, Difference between Execution and Planned Cost.

1. Construction Cost Management
Systems
Presentation
Abhilash Pakhmode -066
Mohit Chhabarani -064
Hrishikesh Jadhav -022
Siddhesh Patil -045
Amit Bharne -004

2. Introduction
The project drags the concentration for elite
class because of its location “Worli”. Flats
viewing towards sea face with an awesome
prospect of Worli.
The project is facing towards the Arabian
sea with a decent view of spectacular
Bandra- Worli Sea Link
Bird Eye View from Neighbourhood Project

3. Location of the Project

4. Project Information
Piramal
Shandilya
properties
Plot Area
1,742.49
sq.mt
Built-up
Area
5,229.43
sq.mt
Duration of
project
3 years & 3
months
No of floors
G+26
Parking
required
44 nos.

5. Conceptual
Drawings
Basement Level
9th to 26th Typical Floor Level
1stto8thPodiumLevel

6. Cost Estimation

7. Approximate
Cost Plan
City Index - Oct 2007 (Base - 100)
Year Navi Mumbai Mumbai
May-12 124.8 124.77
Jan-13 134.91 134.72
Jan-14 138.32 138.15
Jan-15 139.5 139.33
Jan-16 139.94 139.77
Jan-17 140.92 140.75
Jan-18 141.07 140.9
Feb-19 141.12 140.95
Average 137.57 137.42
Time Cost Index (Average Rate per sq.ft)
Year
Navi Mumbai Mumbai
Panvel Chembur
Oct-17 ₹ 9,093.00 ₹ 22,442.00
Oct-18 ₹ 9,513.00 ₹ 22,732.00
Jan-19 ₹ 9,393.00 ₹ 22,311.00
Growth Rate 5.828% 1.426%
Year
Navi Mumbai Mumbai
Panvel Chembur
Jan-20 ₹ 9,940.45 ₹ 22,629.20
Jan-21 ₹ 10,519.81 ₹ 22,951.93
Jan-22 ₹ 11,132.93 ₹ 23,279.27
City Index – Oct 2007 (Base – 100) (Construction Industry Development
Council, 2019)
Time Cost Index (Average Rate per sq.ft) (Magicbricks Property Rates in
Mumbai, 2019)

8. Approximate
Cost Plan
Description of Project
Description
Kukreja Classic, Navi
Mumbai
Piramal Shandilya,
Worli
Units and Unit Rate
City Index 137.57 137.42
Built Up Area 1,82,212.99 56,268.70
F.S.I 2.50 3.00
Plot Area 72,885.20 18,756.23
Construction Cost per sq.ft ₹ 5,200.00 ₹ 5,200.00
RCC ₹ 2,100.00 ₹ 2,100.00
MEP and Architectural
Work ₹ 3,100.00 ₹ 3,100.00
N.P. = P.C. x T.A. x L.A. x S.A.
Here, N.P. = Cost of New Project
P.C. = Cost of Previous Project
T.A. = Time Adjustment
L.A. = Location Adjustment
S.A. = Size Adjustment
N.P. = 94,75,07,558.40 x (1+0.01426)2 x (
137.42
137.57
) x (
56,268.70
1,82,212.99
)
Cost of New project = ₹ 32.37 Crores
MahaRera.gov.in (MahaRera, 2019)

9. Condensed Detailed
Cost Plan
Element Cost
Site Preparation and mobilization ₹ 30,96,024.92
Substructure ₹ 5,00,35,762.25
Superstructure ₹ 10,58,65,161.27
Architecture works and internal finishes ₹ 5,76,46,271.67
External Finishes ₹ 52,22,741.35
Services ₹ 62,52,806.34
Total of building and equipment ₹ 22,81,18,767.80
Piling cost (5% 0f Total of building and equipment) ₹ 1,14,05,938.39
Sub Total ₹ 23,95,24,706.19
Preliminaries (10% of Sub Total) ₹ 2,39,52,470.62
Contingency (10% of Sub Total) ₹ 2,39,52,470.62
Construction cost (Sub Total + Preliminaries + Contingency) ₹ 28,74,29,647.43
Professional cost (6% of Construction Cost) ₹ 1,72,45,778.85
Total Construction cost (Construction Cost + Professional Cost) ₹ 30,46,75,426.27
Contractors profit (10% of Total Construction Cost) ₹ 3,04,67,542.63
Total cost of Project (Risk + Total Construction Cost + Contractors Profit) ₹ 33,51,42,968.89

10. Analysis between
A.E. and D.E.
 Increased cost due to shore piling,
as it has is carried out which was not
considered in previous project.
 Increased cost due to Raft
Foundation, as it has carried out due
to the Low Soil Bearing Capacity in
Mumbai area compared to Navi
Mumbai.
322,000,000.00
324,000,000.00
326,000,000.00
328,000,000.00
330,000,000.00
332,000,000.00
334,000,000.00
336,000,000.00
Approximate Cost Plan Condensed Detailed Cost Plan
Cost
Hike from A.E. to D.E.
2.38%

11. Budget Estimation &
Allocation

12. Budget Estimation
 Detailed cost plan is taken
into consideration as high
precision.
 Overall cost of the project
including all types of
resources is ₹
30.46 Crores.
Inflation Rate per Quarter
1.23%101,743,032.00,(33%)
47,435,412, (16%)
154,691,407.00, (51%)
Distribution of Resources
Material Machinery Human Resources

13. Budget Allocation
 Contractor should have around
50 lacs of capital.
 Total Retention Money of is ₹
58.21 lacs which will be held with
every payment cycle.
 Total Retention Money is
collected by contractor from client
on 8% interest.
0
50000000
100000000
150000000
200000000
250000000
300000000
350000000
400000000
1/1/2019 1/1/2020 1/1/2021 1/1/2022
COST
DURATION
Cummulative cashinflow Cummulative cash outflow

14. Project Delay
 Project Delay is caused in 2nd
Quarter of year 2019.
 The Red Line Denotes the
Planned Cost and blue line is
Actual Cost.
₹ 0.00
₹ 50,000,000.00
₹ 100,000,000.00
₹ 150,000,000.00
₹ 200,000,000.00
₹ 250,000,000.00
₹ 300,000,000.00
₹ 350,000,000.00
₹ 400,000,000.00
0%
20%
40%
60%
80%
100%
120%
12/30/18
2/10/19
3/24/19
5/5/19
6/16/19
7/28/19
9/8/19
10/20/19
12/1/19
1/12/20
2/23/20
4/5/20
5/17/20
6/28/20
8/9/20
9/20/20
11/1/20
12/13/20
1/24/21
3/7/21
4/18/21
5/30/21
7/11/21
8/22/21
10/3/21
11/14/21
12/26/21
2/6/22
CUMULATIVECOST
%COMPLETE
Chart Title

15. Project Delay
Problems
• Restraining anchoring has to
been done below stressed zone
of adjoining footing.
• Late application of permanent
passes by contractor.
• Area Congestion for
movement of machinery.
Solutions
• Giving advance payment to
supplier so that more
discount is expected
• Provision of EOQ & Inventory
Management.
• Provision of lean construction
Practices.

16. Recommendation
• Ethics should be maintain by organization for having common project
goal which will reduce the risk of labor productivity.
• Effective and efficient use of BIM.
• Proper standards for budget estimation & budget allocation should be
followed.

17. Thank You