Write 5 pages with APA style on Suggestions for Reducing the Cost of a Structure. Many ways have ever since been discovered and are being used in most parts of the world in construction.

Ways of reducing construction cost

1. Discover new Building technologies

The industry should be able to develop new technologies that will assist in increasing the efficiency of the construction.

2. Reduce the time set for the construction

The time for the construction if reduced, it will help save on the salary spent to pay the workers, the cost of the hired equipment and company sites (Pries & Quigely 2013, p.54).

3. Reuse waste materials and resources

Materials that have been used as formwork can be reused in the site until they are completely worn out.

4. Understand the current cost of construction materials and dwellings

It is one of the most essential parts of construction and for any contractor who is cost-sensitive, it is important to know the cost of the property, building permit charges, taxes, and fee for connection of electricity, sewerage and water supply, interest loans that will offer profit to the project. Construction management should also be able to know the current construction cost.

5. Construction methods

Construction methods that are effective and not time-consuming can be used so that the time that is used could be reduced. This can be done with the arising construction of effective technologies.

6. Break down the parts of the building

The entire structure is to be divided and classified as per the order of construction and grouped in the way they are related so that it can be possible to know the materials that can be reused and the workers grouped according to their area of skills. This will make the work pore simplified and organized to reduce excessive costs.

7. Cost allocation

The management team should put the costs and the specific work that it will be spent on and see how it can be reduced so as not to affect the quality of the work and not to overwork the stakeholders. It can be divided into the following subs as the will be operating:

• Materials

• Labor

• Sub-contractors. this is the sect that receives a larger percentage of the construction cost, etc.