Project Description

Cost Engineer refers to the qualifications awarded by the State and to grant registration to practice, specifically designated to receive a unit of a department or commission or hired, and help them be responsible for pricing, pricing and management of the project cost, in order to safeguard their legitimate rights and interests engineering economics professionals. Countries in the field of implementation of the project cost cost engineer qualification system. Where in construction activity construction, design, construction, engineering cost consulting, project cost management and other units and departments must have cost engineer qualification supporting the professional and technical personnel in pricing, evaluation, review (nuclear), control and management positions .

Prospect of the project:

In the project investment diversification, promote the whole process of construction project cost management, the role and status of the cost engineer has become increasingly important. Italian economist PARETO (1848-1923) found a called PARETO distribution law of the curve. This curve is applied to the part contains a large number of activities, the law says about 20% of the components contains 80% of the total cost, has the following several aspects: the meaning of the construction cost

(1) when the building shape is set and the design process has been completed 20%, 80% of the total cost of the building have been confirmed.

(2) after the preliminary decision has been made, the effect of cost engineers are limited in the remaining 20% of the cost;

(3) if the "design cost estimate (also known as" bottom-up ") as the guiding ideology of construction activities, "cost engineer only about 20% of the total cost of the building works;

(4) if "project, cost first", the "relative to the cost of the design (also called a top-down)" the guiding ideology, even if the owner has a first investment limits and has been the premise of feasibility study, through theoretical analysis and has the active function of cost engineers (e.g., the optimization of design) will not be huge, but its role is to more than 20%. So efforts should be made to guide the engineering cost engineers used "relative to the cost of the design", move to influence the design, for project investment control as large as possible.