Cost Management
Project price management is one of the key activities of the construction and development segment. In the early stages of a project, cost management helps to set the right value for the investment amount through cost calculations and estimates (so-called cost-plans). Together with price optimization and design management, we will lead the project to greater profitability in the preparatory phase. We are able to organise tenders both independently and in cooperation with project management staff.
What are the main benefits of cost management for a construction project
You gain control over the value of the project, at any point in time. Our cost managers are experts in effective cost management, optimizing technical solutions and overall investment value. It sets changes in the project and correctly assesses the risks of its development. They find alternative solutions and innovations (value engineering). And if the construction is already underway, they will take care of the management of the agenda of change sheets together with claim management, i.e. technical, substantive and contractual arguments for counter-contracting for more work by the general contractor.
When to ask for cost management?
The sooner the better. Preferably at the earliest stages of the project, when we can prepare cost estimates (cost plans) and confirm target budgets, or point out inefficiencies in the solution. Of course, the cost manager is an integral part of managing all phases of the project – whether it’s value engineering, organising supplier tenders, or dealing with changes and change sheets during construction.
Accurate calculation leads to lower investment costs
The amount of savings that can be achieved through cost management generally varies depending on the particular construction project and its specifics. Savings can be achieved, for example, by optimising technical solutions, choosing more suitable materials, etc.
The art of project optimization
Our cost managers have overlaps into related professions and know-how from all segments of real estate development, be it residential, office, hotel, retail, logistics or others.
We have developed our own software tool for cost planning and tenders, which helps us to further improve and speed up our work.
During the construction process, we focus on the management of the change sheet agenda together with claim management. Checking the construction for invoicing and final settlement is a matter of course for us.