Cost Management of the High-Rise Buildings in Thailand

Abstract

The purpose of this research is to study the costs using in the construction project of the high-rise buildings, cost management of the high-rise buildings, the success of cost management of the high-rise buildings and the factors affecting the success of cost management for the construction of high-rise buildings in Thailand. The researcher did a qualitative research by using non-participated observation method, by participated observation and in-depth interviews. Entering into the research field by joining in as a member of data collecting Consultation Board, during October 2016-March 2017. The findings are as followed: 1) Total project cost of the construction project of high-rise buildings consisted of initial project cost, facility management cost, operation support cost, disposal cost. Therefore, the costs should be proportionate according to the height of the building 2) The cost management of the construction of high-rise buildings consisted of project planning, cost estimation, cost budgeting, cost control 3) The success in cost management of the construction project of high-rise buildings consisted of time and cost management, organization and coordination, technical performance, business performance satisfaction, management satisfaction, project termination 4) Factors affecting the success of cost management of the construction project of high-rise buildings in Thailand consisted of internal factors, and external factors. The important internal factors are, for example, the competency of the project administrators, the design of the project, work planning, purchasing, sub-contracting, the using of information technology in the management of the construction work. The important external factors are, for example, environmental conditions of the project site, the fluctuation condition of the economy and society, the changing of the political policy.