Cost Management & Quantity Surveying

Our core service is cost consultancy.  The success of your capital investment will be directly linked to your ability to successfully manage the associated costs, and to do that you will require stringent cost control measures at every stage of the process.We assist in protecting your investment by developing an affordable cost plan that is in line with your objectives, and then managing those costs throughout the entirety of the process, beginning with the design, and continuing through its procurement and construction. This is made possible by the wealth of experience that our team possesses, giving you the confidence of knowing that you are working with some of the most experienced people in their field. 

We provide guidance on cost management that is cutting-edge, independent, objective, and backed up by extensive market research and analysis. From inception to completion, we aid in planning, leading, organising, and controlling the project's financial management and procurement. We have the ability to provide best value advice by analysing the market, understanding historical patterns, and forecasting future ones.

Our specialisms are:

• Cost Planning and Cost Estimates
• Bills of Quantities
• Risk Management
• Cost Reporting
• Earned Value Analysis
• Development Appraisals
• Development Monitoring
• Feasibility Studies
• Final Accounts
• Insurance Reinstatement Cost Assessments
• Mechanical and Electrical Services Cost Planning
• Payment Recommendations
• Procurement Advice
• Project and Technical Audits
• Schedules of Work
• Value Engineering
• Dispute Resolution

Cost planning and cost control are crucial to the success of any construction project; early cost management in construction adds substantial value. While thorough cost management across the whole project lifetime guarantees that spending and cash flow projections are in line with available resources.

Our expert surveyors are able to provide accurate cost projections for any type of project across a variety of sectors, thereby introducing cost certainty at earliest possible opportunity, which may reduce the overall programme duration and reduce risks at the bid stage.

Similarly, our surveyors ensure that costs are carefully managed throughout the duration of the project by monitoring and negotiating variations, monitoring and managing cash flow, payments on account, and valuations, providing regular financial reports and preparing, negotiating and signing off on the final account.

We decrease the risk of programme delays and cost overruns by employing rigorous cost planning and management.

Whilst the traditional approach of applying a contingency percentage to a construction budget still has it's place, risk management is a far better tool to use in order to anticipate and mitigate potential risks, ensuring a more secure and successful outcome.

We have the expertise to utilise the power of Monte Carlo risk analysis to aid us in this process. By using probability distributions and random sampling, it simulates various scenarios and calculates the likelihood of different outcomes. This enables us to generate a clear visualisation of the range of possible outcomes so that we can assess potential risks and make more informed decisions that will help to allocate resources accordingly.

Often thought as being one and the same, cost and value engineering are tools that can be employed to optimise the value of a project while minimising the costs without sacrificing quality.

Whilst cost engineering focuses mainly on reducing costs, value engineering takes the process a step further by examining opportunities to increase the value of the project. On one of our retail development projects where value engineering was employed the exercise resulted in a 15% increase in the construction budget because by spending more on the design the end value of the development improved by over 38%

We have the experience to not only participate in such exercises, but the expertise to lead them, the key being to unlock critical thinking and creativity and thereby generate options that would otherwise not have been thought of.

We firmly believe that earned value management (EVA) should be used on all construction projects to measure the actual productivity on site against the planned schedule. 

EVA relies upon accurately tracking and measuring the progress of a project. It requires a comprehensive understanding of the project scope, budget, and schedule. It relies on accurate and timely data collection, including the measurement of completed work and the actual costs incurred.

When applied properly EVA can act as an early warning system to flag potential schedule and cost overruns so that corrective actions can be implemented before those problems become critical.

Due to new technology, environmental issues, and increasingly stringent building control regulations, MEPF services can account for up to 40 percent of the entire cost of a modern building, or perhaps more if only undertaking a fit-out. As a result, construction projects increasingly require smart and educated cost guidance.

We have extensive expertise setting realistic construction budgets, determining the greatest value solutions, and implementing strategies to reduce the cost of MEPF design changes. All of this is accomplished with a focus on producing effective sustainability outcomes and considering the whole cost of ownership.

Our MEPF cost management services provide you with cost assurance, risk mitigation, and claim avoidance..