Jurnal Ekonomi
Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023

FACTORS WHICH FORM COSTS IN CONSTRUCTION COMPANIES IN SURABAYA

Benediktus Derry Galista (Universitas Ciputra Surabaya)
David Sukardi Kodrat (Universitas Ciputra Surabaya)



Article Info

Publish Date
02 Apr 2023

Abstract

The goal is to recognize and examine the factors that shape costs in construction companies in Surabaya. The sample of this research used employees at construction companies in Surabaya. The sample group is equivalent to the full population, namely 103 respondents. Research variables used in the study are: Product Quality Improvement (x1); Increased Worker Productivity (x2); Reducing Unnecessary Costs (x3); Material Order Timeliness (x4); Material Delivery Timeliness (x5); Materials and Tools Inventory (x6); Rework; (x7) Company overhead (x8); Cost of Materials/Materials (x9); Project duration (x10); Performance optimization (x11); Ensure inventory and tool performance (x12); Company performance control (x13); Rework (x14); Reduced rework (x15); Management of the financial performance of the firm (x16); Improving the financial performance of the firm (x17); Material cost control (x18); Optimizing material costs (x19); Control the time working on the project (x20); and Optimizing project execution time (x21). The approach employed in this study is quantitative exploratory. The analytical approach utilized is exploratory factor analysis. The findings indicated that from 19 tested indicators, 6 factors formed the cost of construction companies. The six factors that shape costs in construction companies are: timeliness of orders, contractor costs, quality control, optimization of project work, on time delivery and inventory performance, and financial control.

Copyrights © 2023






Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...