Services

Cost Management

The effective management/control of cost is a critical factor in the successful delivery of all projects. We support our Clients by providing a practical, ‘hands-on’ and rigorous approach to the management of cost at each project stage.

Our approach is to actively manage project finances, identifying/forecasting potential issues early-on in order that appropriate action can be taken, working closely with the Project Management function. This provides our Clients with the necessary comfort/assurances regarding their project’s financial health through close control and regular/accurate reporting.

SCOPE

  • Preliminary cost planning/feasibility budgets
  • Consultant contracts/appointments and financial administration
  • Management of contractor procurement process
  • Support for Client procurement activities
  • Administration of contractor appointments/contracts
  • Contractor financial management
  • Project financial control and reporting
  • Value Engineering advice and management
  • Cost advice for Risk Management activities
  • Support for Client funding applications

BENEFITS

  • Accurate cost forecasting allowing Client to make informed decision regarding the projects
  • Robust and clear financial control and reporting providing Clients with assurances regarding their project’s health
  • Early warnings regarding potential cost impacts resulting from Client/design changes
  • Effective contractor procurement providing best value and robust pricing reducing the scope for change or cost increases during the project

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