Cost and Time Analysis with Time Cost Trade Off (TCTO) Method in the Construction of ITS Banking Building Jl. Arief Rahman Hakim

Abstract

In a construction project, there are many activities carried out with great care. Therefore, the completion of a project requires management in planning, monitoring, and execution while considering project control to account for resources, including time, cost, and project progress, so that it can be properly managed. A project generally has a defined timeframe, meaning it must be completed before or exactly on the planned date. Due to issues that may arise during the project execution process, timely completion becomes the primary objective. This research aims to identify acceleration strategies for the construction of the ITS Banking Building on Jl. Arief Rahman Hakim, with CV. Poltek Nasional as the implementing contractor. The study will optimize the time and cost of project completion using the case study of the ITS Banking Building construction on Jl. Arief Rahman Hakim. Based on the contract agreement, the project completion timeframe is 120 calendar days, starting from December 30, 2024, to April 29, 2025. The method used in this study is Time Cost Trade Off (TCTO), which aims to determine the amount of time and cost required to accelerate the ITS Banking Building construction project. Through this analysis, it is expected to produce a comparison analysis of cost and time, and to reschedule using the Time Cost Trade Off (TCTO) method to address potential delays in the ITS Banking Building construction. The results of this research may also contribute significantly to efforts in optimizing the time and cost of construction projects for the contractor involved and for future projects.