Traccoh is involved in directing and
coordinating human and material resources throughout the
life of a project by using modern management techniques to achieve
predetermined objectives of scope, cost, time, quality and participation satisfactory
Construction management approach
Working with the owner from the beginning and making recommendations
on design improvements, construction technology, schedules and construction economy
Proposing design and
construction alternatives if appropriate and analyzing the effects of the alternatives on the project cost and schedule.
Monitoring subsequent development of the project so that the targets are not exceeded without the knowledge of the owner.
Coordinating the procurement of material and equipment and the work of all construction contractors, changes, claims and
inspection for conforming the design requirements.
Cost control, Monitoring and Accounting
budget is always undertaken to determine the total costs and the returns expected from the project. Therefore a cost plan is prepared
and includes all the constructions costs including professional fees and contingencies.
The project budget
For cost control
on a project, the construction plan and the associated cash flow estimates provide the main reference for the subsequent project monitoring
A project is expected to be under financial control by ensuring that the costs are within the detailed cost estimates. Overruns in
some cost categories signal the possibility of a problem and indicate the exact problems being encountered.
For the purposes of control and
monitoring, the original detailed cost estimate is usually converted to project budget which is used as a guide for management.
budget also includes the Information on material quantities and labor inputs
The following is an illustrative set of project cost account
Specification of the project objectives and plans including scope, budgeting, scheduling, setting performance requirements
and selecting project participants
Maximization of efficient resource utilization through procurement of labour, equipment and materials according
to the prescribed plan and schedule
Implementation of various operations through proper coordination and control of planning, design, estimating,
contracting and construction through out the process
Development of efficient communications for resolving conflicts among the participants
Management approach is based on the following:
Initiation. Here we carry out the pre-planning process
Planning and design. It involves
the conceptual design, schematic design, design development, construction drawing and construction administration