Cost control during construction stage among G6 and G7 contractors in Kuala Lumpur / Siti Munirah Mat Zuhari

Many projects in Malaysia and the world over have suffered from cost and time overruns due to factors stemming from poor cost control during the design and project implementation stages. Research aimed to determine the most effective cost control technique used by the G6 and G7 contractors during construction process in construction project being used in Kuala Lumpur was done on a randomly selected of 247 contractors involved in the construction industry. This involved a questionnaire survey to registered. It specifically studied the cost control techniques currently being used by contractors G6 and G7. The problem faced and purposed solutions. This study was able to identify three commonly used cost control techniques which are preventive strategies, corrective cost control and preventive cost control. It was noted that most contractor in Kuala Lumpur find difficulty in controlling the cost due to problems which include failure to estimate the actual project, do not implement basic process of construction and cannot manage costs and irregular control and multiple project changes. Besides, the strategy used to reduce the financial risk are individual level of cost control competencies, reduce the irregular control and multiple project changes and share the information and knowledge about the implementing the cost control during construction stage. This involved a questionnaire survey on the contractors’ companies that classified under grade G6 and G7 by the Construction Industry Development Board of Malaysia (CIDB) and used quantitative method. The study was able to establish the most effective cost control technique used by the G6 and G7 contractors during construction process in construction project in Kuala Lumpur.