Abstract

Abstract: Because of the growing numberof environmental issues, good management has become a necessity on both an environmentaland economic level. Because the development of a management system is associatedwith significant investment and operational costs, it is critical to assesseconomic considerations. The Economic Evaluation was carried out using a cost structureto analyze the management scenarios from a financial standpoint. A benefit–costanalysis was used to assess the economic feasibility of minimization wastage andstrategies such as reusing and recycling material. The study demonstrates that minimizationis both economically possible and beneficial to environmental management, as itaddresses construction creation and composition, as well as reuse and recyclingon the job site.

Construction costs are included in the overall costs of developing adeveloped asset, such as a highway. Construction cost is one of the mostimportant factors in determining a project's performance throughout itslifecycle, and it is of great concern to individuals in the constructionbusiness. It is feasible to speak about a new path in the evolution of constructionpricing by shaping the methodological basis of professional cost management.