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Home / Services / Cost Management

Cost Management

Benefits of Cost Management:

 

In construction project management, Cost Management is an essential task. It helps the project manager in managing project expenses correctly and takes the necessary actions to deliver their project on budget.

A reliable Cost Management System will help project manager with the following aspects:

  • Perform detailed Quantity take off and Cost estimation

  • Establish Project Budget Baseline

  • Record Actual Cost and highlight the variances and deviations  

  • Forecast Cost and variance

  • Report and track Cost Performance Indices

  • Forecast and Analyze Project Cash flow

  • Prepare and Issue Monthly progress invoices

  • Prepare End of Project Report

 

Our Construction Estimators and Cost Professionals are experienced in cost estimation and cost control. We utilize various techniques like Earned Value Management and Cost Value Reconciliation to manage the project cost effectively and accurately.

 

How can Cost Management add value to construction project management?

The majority of construction projects experience budget overruns. A Cost Management Plan allows one to understand the structure of the project budget and mange it effectively. With the help of professional estimators and a reliable Cost Management Plan, the project manager will have the proper guidance to achieve optimal value for money spent.

 

One of most difficult challenges in construction project management is remaining within the project budget. A reliable Cost Management Plan will provide guidance for the entire construction process from the beginning to end. From pre-bid quantities take off and cost estimation, to monitoring actual expenses of each work package, cost management is an all inclusive process. Cost Management by Certified Cost Professionals guarantees results will be delivered on budget without compromising on integrity and professionalism.

 

Out certified cost professionals and estimators use proven practices to keep the project on budget and maximize the contractors' profitability by applying tried and tested recommendations published by industry leaders like AACE.

 

Our services include:
  • Cost Estimation

  • Quantity Take Off

  • Complete Cost Management Plan

  • Periodical Cost Control Report

  • Earned Value Management and Report

  • Cash Flow Analysis

  • Value Engineering

  • Life Cycle Costing

Ultimately, we are committed to the delivery of a high-end cost management advice, brought by our highly skilled team of quantity surveyors estimators and project controllers.

How can our team assist you?

Our Cost Management Services start from Bid and Pre-Bid Phase. We offer Cost Estimation and Value Engineering to help you in bid preparation, Bid Evaluation and establishing a Project Baseline Budget.

 

Additionally, our cost management services extend to the Construction Execution Phase. We provide a wide range of cost reports utilizing techniques such as Earned Value Analysis and Cost Value Reconciliation. By highlighting cost variances and cost trends, we enable our client to make well-informed decisions and ensure that all subsequent changes to your initial budget are proactively managed.

 

Ultimately, we are committed to the delivery of high-end cost management advice, brought by our highly-skilled teams of quantity surveyors, estimators and Project Control Engineers.