Cost management - CSConsult

COST MANAGEMENT SERVICES

We play the role of cost advocate throughout the cost management process.

As a cost advocate, we prioritise cost management throughout the entire process.

Cost Management service can include:

Feasibility studies with capital cost advice
Cost planning and advice during all stages of design and documentation
Cost reviews of engineering services
Value management facilitation
Documentation interrogation
Tender evaluation
Cash flow forecasting
Bank role including initial bank reports and drawdown reports
Construction phase cost management and financial close including:
- Progress claim review and recommendations
- Review and negotiation of variations
- Financial reporting
- Cashflow analysis
- Tax depreciation services
- Replacement and insurance valuation
- Sinking fund analysis
- Progress claim review and recommendations
- Review and negotiation of variations
- Financial reporting
- Cashflow analysis
- Tax depreciation services
- Replacement and insurance valuation
- Sinking fund analysis

“Tracking changes and advising on the appropriate action to remain on budget is key to cost control”

We play the role of cost advocate throughout our cost management process

THE PROCESS

Utilising our estimating software, we begin by creating a computer-based cost model using the briefed information and designs, which helps us to establish realistic cost parameters. Our extensive database of benchmarked costs allows us to evaluate the economics of a project and confirm that our client’s budget is achievable. We then identify any cost risks and establish a strategy for minimising their effect or removing them entirely.

DESIGN PHASE

During the design stage, we update our cost plan in line with the development of the design documents and establish key cost checkpoints in parallel with key design stage milestones.

MILESTONES

At each milestone,we review and check the cost of all building elements. This system allows us to identify and report on scope creep and cost overruns as they occur, enabling us to take immediate and effective action to maintain the budget and avoid surprises.

CONSTRUCTION PHASE

Throughout the construction phase, we track changes to costs and advise on appropriate action to stay within budget. We regularly evaluate the cost status of the project and communicate the information in comprehensive and succinct financial reports.