Page 80 - 2018 SDCA Project
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Cost Control is another project component that is used to either eliminate or manage deviations in the area that will make or break a project
for the owner or contractor. Similar to the schedule tool all projects participants are required to assist in the development and
implementation of the budget.
Budgeting and estimating are predictions of future costs and are rational processes. But bidding can be irrational and unpredictable.
Many variables affect our predictions: Material costs, labor costs, competition or the lack of.
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