Overheads Cost Management in Condominium Construction Project in Thailand

Abstract

Objectives of this research are to study expenses and overheads cost in condominium construction project, factors that effect to the overheads cost in condominium construction project and the effectiveness of the overheads management in condominium construction project in Thailand. Thus, researcher studied this research with qualitative research by applying the method of non-participant observation, participant observation and in-depth interview. Researcher entered into research field by being consultant member of the collective data team during the month of October 2016 – March 2017. Thus, research results found that: 1) Condominium construction project expenses are consisted of 54.17% for materials, 24.41% for labors wages, 13.83% for overheads cost and 7.59% for profits and taxes. 2) Overheads cost in condominium construction project are consisted of employment overheads cost, field operation overheads cost, offices overheads cost and insurance overheads cost. 3) Factors that effect to the overheads cost in condominium construction project are consisted of the inappropriateness of the main planning schedule work, day offs from various holiday seasons, political situations, the competition situation of real estate constructions, quality and contractor’s construction work and the financial economic risk and governmental policies. 4) Effectiveness of overheads cost management in condominium construction project in thailand is consisted of administration of scopes of work management, budget management, lateness management and risk management.