INTRODUCTION TO COSTPLANNING PROCESS
CP as a process is difficult to define concisely as itinvolves a variety of procedures and techniquesused concurrently by the QS or building economics.
Traditional CP will usually follow the conventionaloutline design, detailed process.
In practical sense, the CP starts with thedevelopment of a figure (or cost) to allow client todecide whether the project is feasible.
The feasibility estimate is usually calculated on aunit cost method, refine using the elementalmethod, component elements and sub-elements.
The elemental method is a system of cost planningand control that enables the cost of a scheme to bemonitored during the various stages of designdevelopment.