At feasibility, concept, or competition stage, the anticipated costs should be identified and measured to ascertain what is feasible – “define”. A proposed cost profile should be approved before any further commitment is made.
During the design coordination and implementation phase(s) of a project, all likely and incurred costs, from proposed to actual, should be noted and challenged as they evolve, to help ensure costs are controlled and kept in line with initial expectations – “deliver”. The data derived from the cost management process is analysed and continually fed back to the project team to aid decision making and improvement.
A proactive cost control function allows early decisions to be made and direction achieved on the basis of cost where appropriate. Good cost management, reporting, change control and analysis can deliver real value – “benefit”. The benefits we achieve for our clients are tangible. Projects are cost led, expenditure and forecast cash flow match available funding, value is enhanced and risks are managed.
A cost plan develops through iterative stages of refinement, from the preliminary indication of the costs of a client’s brief or designer’s concept, to a market tested cost plan. The market tested cost plan is referenced to designs and specifications, offering a level of certainty on which to confidently base investment decisions.
A cost plan links the design to a detailed statement of the quantum, quality and cost of the scope involved in its realisation. It is important to encourage dialogue with stakeholders to help them articulate their requirements. This benefits everybody in understanding the implications of what they are trying to achieve, and arrive at the optimum balance between objectives.
Owing to an inherent emphasis on value, and drawing on our complementary value and risk management services, we are able to support clients and their teams in making logical and informed decisions. Analysis of cost, value and risk of a proposed design together with a focus on business objectives enable us to add real value.
Our Cost Planning services draw on a wealth of expertise in niche areas - including steelwork, mechanical and electrical services and sustainability. Intelligence from different projects and sectors is continually captured, promoting quality, accuracy and integrity in our Cost Planning.
We endeavour to build strong relationships with our clients on the strength of the accurate and reliability of our Cost Management services. Our service offering is further supported by the niche skills of our multi-skilled people and the added value they bring.
In addition, our multi-skilled team offer added value with complementary expertise in a number of niche service areas: