Concept Note on Opportunities of Cost Professionals in Urban Local Bodies

Abstract

Basically in this Article I want to indicate some new avenues that may be explored by our professionals in the field of Urban local Bodies. The areas are basically emphasising on cost control and cost reduction in the different areas of expenditure made by the ULB for providing services to their citizens. Further, some services provided by the ULB require cost recovery from the citizens to sustain that project and also for revenue mobilization. For successful implementation of any project proper cost estimation also required.

Here, I also indicate some known concepts of Audit like energy and environment but it is not yet implemented in this type of organizations.