Cost Planning
|
|
Costing and estimating is a technical function that aims to accurately predict the cost of construction. Building costs are
influenced by a large number of factors, and it is essential to identify them and understand their impact if an accurate estimate
of a project is to be achieved.
Cost planning and estimating is used to guide, monitor and control all decisions during the pre-design and design stage, as
they will ultimately affect performance in the construction stage |
|
|
| Costing and estimating helps: |
- Satisfy client expectations.
- Improve decision making during the early stages of a project.
- Determine the financial viability of a development.
- Value and determine project budgets.
- Ensure clients obtain value for money.
- Provide a detailed review and analysis of project information and data.
- Determine construction cost and resources such as materials, labour, plant and energy utilisation.
|
|
As construction costs are the largest component in the client’s budget, providing an accurate estimate then eff ectively controlling costs
are the two most critical elements in successfully managing a building development project.
Our costing estimates can be provided at any stage of a project, from pre-design and schematic design stage to design development, contract documentation and tendering stages.
We use precise methodology, such as elemental, approximate quantities and full quantities in determining estimates based on reasonable current construction costs. |
|
| Our deliverables in cost planning and estimating include: |
- Preliminary feasibility studies.
- Preparation of probable costs.
- Preparation and development of project budget.
- Service outcomes based on standard method of measurement and specifications to determine bill of quantities.
- Elemental costing for construction.
- Cost control analysis.
- Probable project income.
- Probable return on investment.
|
