Construction specification fulfilment cost accounting

Abstract

In this article, we considered and analyzed costs of fulfilling specifications regarding connection to technical building systems and shared utilities. Such calculations for the construction cost estimate documentation at the pre-investment stage pose difficulties associated with determining the connection specification costs. To resolve this issue, we analyzed costs of fulfilling specifications regarding connection of representative housing structures to technical building systems in Irkutsk. We used the cost estimate documentation of actual housing projects in Irkutsk as the baseline data for the analysis. As a result, we determined the percentage amount of specification fulfilment costs in the total construction cost, as well as the recommended percentage amount of specification fulfilment costs per type of connection in the total construction cost. We propose using these ratios for summary cost estimates at the pre-investment stage to optimize housing construction costs.