We provide clients with accurate and reliable cost information that is sensitive to project-specific needs and current market conditions to assist in making well-informed financial decisions. By identifying and managing project risks, we help clients to control cost, quality, and schedule.
Cost Management
To properly manage project risk requires a thorough understanding of the factors that determine and influence project cost and schedule. Identifying and managing risk and finances is the domain of Project Controls. Major tasks include:
- Developing complete budgets at the beginning of the project cycle based on cost bench mark data and market trends
- Establish Target Values Costs to meet financial goals
- Continuous cost analysis during design for timely and informed decision-making
- Earned Value Analysis (EVA) during construction to ensure a close correlation between cost forecasts, actual cost, and work completed
- Track contingencies and allowances
- Analyze and settle change orders
- Cost estimating
- Schedule review and testing thorough work flow analysis
- Project close-out and financial reconciliation
- Project Reporting