Costmodelling Professional Services

Providing a full range of professional cost advice and management services for all construction projects

Cost Modelling/Cost Estimating

Dependable cost estimating is fundamental to the planning and design, and ultimately the overall success of a construction project. It is the true financial foundation of any project. Accurate estimates provide vital feasibility and budgetary information from project inception and business cases through to completion of the design process, maximising the financial value of the project.

As our name suggests we are experts in generating true four-dimensional computerised cost models of any construction project. The models provide detailed and realistic budgets for the proposed works and are essential, particularly at feasibility stages, where option appraisals and what-if scenarios can be carried out extremely quickly. The cost models incorporate risk analysis and whole life costings and is unparalleled in determining best value options. The cost model acts as a running ledger for the project, constantly updated as further information becomes available and always delivering an up-to-date detailed financial report.

Quantity Surveying

Our quantity surveying services include amongst other things:

  • Preparation of cost estimates
  • Preparation of building whole life costings
  • Construction procurement advice
  • Preparation of tender documents (bills of quantities, specifications, schedules of works, activity schedules, measured term contracts, etc.)
  • Evaluation of tenders and preparation of tender reports
  • Preparation of interim valuations
  • Preparation and agreement of variations and final accounts
  • Preparation of cost analyses

Cost Management

Cost management is the core of an integrated design process that delivers best value for clients and achieves maximum return on investment. Cost management is not simply about monitoring and controlling costs but a whole dynamic approach involving strategic alliances and partnership working with clients, design and construction team members during the product development and implementation phases to achieve positive outcomes. Our approach ensures options are identified and costed, solutions obtained and critical decisions are taken when they matter and in an appropriate manner to deliver true value to clients.

Value Engineering

Value engineering can be divided into two primary activities:

  • The identification of Client needs
  • The means of achieving the satisfaction of those needs with the best value, where value is measured by the following equation:
    value = satisfaction of needs ÷ resources used

The traditional Cost Planning approach to a project aims to ensure that the budget is not exceeded, but such an approach does not specifically address the real problem of ensuring that true value is designed into the project. Value engineering is not simply a cost cutting exercise, but identifies and eliminates the unnecessary cost (that is, the cost that does not contribute to a function), which is inherent in all construction projects.

Whole Life Costs/Life Cycle Costs

In the past, the capital cost of a building, i.e. the cost of constructing the building, has been largely the only cost considered as a project cost. Whole life costing considers the costs associated with the life of the building. It produces the net present value of an asset over its operating life or defined period. Whole life costs may include the following:

  • Initial capital costs
  • Financing costs
  • Operational costs
  • Maintenance, repair, replacement and alteration costs
  • Occupancy costs
  • End of life costs/residual values

Building life is influenced by obsolescence, identified in six different forms:

  • Physical - when the building is likely to collapse through structural failure
  • Defined - when occupancy of the building ends under the terms of an agreement (although the building may have a future life under another agreement)
  • Economic - when occupancy of the building is not considered to be the least cost alternative of meeting a particular objective
  • Functional - when a building ceases to function for the same purpose as that for which it was built
  • Social - when popular demands dictates a replacement other than for economic considerations
  • Legal - when legislation dictates a replacement other than for economic considerations

Building whole life costs should be considered as part of the feasibility and option studies carried out at the Capital Planning stage. Only by doing this can a true comparison of options be obtained. For example, a building with a low capital cost but high maintenance and repair cost may have a higher net present value than a building with a higher capital cost but lower maintenance and repair cost, and therefore offer worse value to the client over the life of the building. We employ specialist whole life costing software and can produce whole life cost studies for any type of building.

Expert Witness and Dispute Resolution

Whether your commercial arrangement involves thousands or millions of pounds, despite all best intentions, there is a risk that conflict can arise and develop into a formal dispute. We can provide independent expert assistance in managing claims of all sizes in a risk assessed and cost effective manner, helping minimise the impact on core business.

Claims resulting from scope change, supply chain problems and design crises have significant impact on the viability of projects and on the flow of cash, resulting in additional costs and failure to deliver to programme and budget.

We give early reasoned expert advice on quantum and programme matters, allowing parties to make an early-action risk assessment of the strengths and weaknesses of their cases and to consider the potential for alternative means of settlement.

We can provide specialist claims management advice, including the preparation and defence of claims and represent clients in negotiations to reach effective settlement and minimise project and business impact. We can also provide independent programming and delay analysis and quantum expert forensic assistance in the prosecution and defence of claims in Litigation and Arbitration.

We can work as Expert independently or with the client's team in support of Experts.

Project Management

Effective project management is the key to project success. Project management is not a rigid exercise but a flexible operation primarily coordinating all parties to ensure the project achieves the Client's aims and objectives. We provide a total client-focused, comprehensive and efficient service for construction projects blending the required skills and resources.

Design and Build Management

For many clients, the advantages of design and build contracts, these being, maximum overlap between design and construction, design competition, construction expertise reflected in design development, early commitment to maximum price and usually a shorter period from inception to start on site provides a low risk, cost effective, bespoke solution to their capital project requirements.

However, design and build is not a panacea for not knowing what you are doing in construction procurement. Successful design and build contracts require successful management: feasibility studies and initial budgets must be accurate; Employer's Requirements must be comprehensive and unambiguous, clearly defining the required works whilst maintaining maximum design and specification flexibility and competition; suitable tenderers have to be selected; Contractors' Proposals must be evaluated and analysed for compliance and to determine best value; contract documents must correctly prepared for signature; and contract administration must be carried out correctly, effectively and efficiently once construction starts. We provide expert design and build management service, from building inception to completion.

Procurement Advice

There are a number of standard routes or processes, particularly with respect to the construction stage, that need early consideration when procuring construction. Each route places different demands, risk allocation and responsibilities on everyone involved and different cash flow profiles on the client. The chosen route is then supported by standard or custom forms of contract.

We can provide expert advice on procurement routes and contractual arrangements to ensure the most suitable option is adopted to suit the requirements of the client and the project.