Cost Management

As project beneficiary, you need a very comprehensive view over resource utilization. The focus of our cost management is the elaboration of precise and pragmatic budgets and the fulfilling of the original design plans within estimated costs.

Cost plans are the most important part for the future development of the project. When thoroughly elaborated from the planning phase of the construction, they provide a clear and effective path to reaching the project goals. Our focus is on taking charge by forecasting and permanently controlling costs, rather than delivering retrospective cost reports.

Our specialized team assists the Client in the selection of tenders for any third-party contract. During the selection phase, we organize and conduct interviews, examine suitability for tender, assess the participants’ experience and prepare the short-list. The cost management team has the role of monitoring the tender procedure, interviewing bidders and resolving queries and qualifications.

Value engineering is a critical analysis of both the design and the functionality of a construction. The main aim of the valuation is to diminish or even take out superfluous expenses in order to avoid surprises, while preserving the project specifications, when it comes to functionality, technical standards, attractiveness and sustainability.

The project expenses are fluctuant over several development phases, many unexpected events occur and so is the need for financing. Having the available funds at the right time allows the project team to value opportunities as they come up. Along the way, our key responsibilities are evaluating the construction costs and reconciling them with the current market circumstances in terms of inflation, exchange rate variation etc.

Dealing with costs is a big responsibility, stretching over all stages of a project development, our cost management team works with the designers and engineers and advises on ways to reduce costs and to remain within the initial budget.

Efficiency and transparency define our work from the scratch of every project to its full completion. Providing clients with the overall cost situation, analyzing results and drawing conclusions is the key to permanent improvement.