Research on the Path of Cost Control and Economic Benefit Enhancement in Construction Engineering Projects

Abstract

Abstract The increasingly competitive market situation in the construction industry requires that construction enterprises strengthen the cost control of construction projects in order to improve the economic efficiency of enterprises. This paper is based on the improved genetic algorithm to realize the optimization of the cost control strategy of the construction project and effectively overcome the problems of weak cost control consciousness and high material procurement cost in the previous cost control. A construction company is selected as the object for the case study, and the genetic algorithm is used to calculate and analyze the cost control of the construction company. The return on investment, net present value, and internal rate of return are used as indicators to measure the economic benefits before and after optimizing cost control strategies. The improved genetic algorithm calculates that among the cost control factors of the construction company, procurement management, and field operation have a high probability of being selected in the genetic calculation, and the final project cost is 36.7849 million yuan through the genetic algorithm, which achieves the goal of project cost control. At the same time, this paper finds that cost control has a significant positive effect on the improvement of economic efficiency, and the economic efficiency of this construction company before and after the optimization of the cost control strategy is significantly improved.