Author(s): Georgekutty C.K, Dr.George Mathew
Published in: International Journal of Engineering Research & Technology
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Volume/Issue: Vol.1 - Issue 6 (August- 2012)
Construction industry deserves the second largest one in India. The infrastructure growth of a country depends on the development of construction industry since it teems with ample employment potential. Implementation of infrastructure projects are usually failing in each stage and ultimately failure occur, which leads to cost and time overrun. The innovation of new technology in the construction field is not being adopted in project implementation. So the growth of construction industry is slow. The real problem is construction become difficult since it will not complete with in the budget cost and time and finally leads to project failure as end result. There are many reasons for project failure and some of them are project specific. The literature survey conducted gives a conclusion that more than 50 percent of the construction cost is shared by materials. Hence material has a dominating role in construction. If the material has controlled dynamically the total project cost would be reduced. In this regard, a research methodology has developed to control the material procurement and carrying cost. The methodology adopted has been validated by a computer program and same is found correct and useful for analysis and controlling any type of projects.
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