Application of Cost Control Techniques in Construction Projects: A Statistical Analysis in the Indian Context

Abstract

Cost overruns and delays are pervasive challenges in India’s construction industry, undermining infrastructure development and economic growth. This study examines the application of cost control techniques in Indian construction projects, focusing on project design, quality control, construction methods, socio-economic factors, and regulatory frameworks. A sample of 50 construction professionals from Madhya Pradesh and Uttar Pradesh was analyzed using multiple regression analysis to determine the statistical significance of these variables on cost control. Findings indicate that quality control and construction methods significantly influence cost outcomes, while project design, socio-economic factors, and regulations show limited impact. These results highlight the need for improved quality management and methodological efficiency to curb cost escalation. Recommendations include adopting advanced project management tools, enhancing quality standards, and addressing implementation gaps. This research offers valuable insights for stakeholders in India’s rapidly growing construction sector and contributes to global discourse on cost management.