Development of cost engineering system in construction

Shaping the methodological basis of professional construction management it is possible tospeak about a new direction in the development of the construction pricing - the development of cost management system in construction (cost engineering in construction) integrating the assessment of investment costs, estimated pricing, contract pricing, evaluation of the actual construction costs, and enabling to connect and manage the aforementioned processes. At the same time the concept of cost engineering in construction fixes the engineering, technical and technological basis of all processes directly or indirectly related to the definition of construction costs. The article presents the authors' considerations on the creation and implementation of cost engineering systems in construction at thenational, territorial and corporate levels. (C) 2016 The Authors. Published by Elsevier Ltd.