As cost managers, we work diligently so that the budgets we set at the start of a commission, are those we are still working to by the end of it.
Managing the design team and construction supply chain to ensure that, with our guidance, your project is delivered within the projected expenditure. So no matter what your designers’ aspirations might be, you will have a project delivered within your costed plan.
By forecasting the likely expenditure of a project and ensuring that value for money is being achieved provides clients with the information to enable projects to go ahead, with the certainty provided by financial and commercial security of good cost planning.
“Cost Management control in building design and construction can be the difference between completing a project in a timely manner, or having to make trade offs to your finishes.”
Paul Wyle MRICs
Cost management services we offer
FEASIBILITY
Supporting you with assessing project practicalities
COST PLANNING
Outlining financial implications of all decisions made
PROCUREMENT
Professional advice, tailored to your specific needs
TENDERING
Collating, preparing and issuing and assessing tender documentation
CONSTRUCTION
Responsively forecasting the cost of completion
PROJECT CLOSURE
Overseeing the financial closedown, ensuring a first class handover
BUILDING IN USE
Providing support and advice once your project is complete
Cost management applies to small-scale as well as large-scale projects, that includes anything from a domestic self-build or renovation up to a large commercial build.
The Triple Constraint
If you’re managing a project, then you’re working with The Triple Constraint of which having a well costed plan to start can keep you on track to deliver a quality project. The success of the project is impacted by its budget, deadlines and features. As a manager of that project, you can trade between these three constraints; however, changing the constraints of one means that the other two will suffer to some extent. By having a dedicated external Cost Manager means these crucial issues are identified at an early stage, saving you money in the long term,
COST
The financial constraints of a project, also known as the project budget
SCOPE
The tasks required to fulfill the project’s goals
TIME
The schedule for the project to reach completion