Project cost management is a project control system that covers all aspects of cost management during the lifecycle of a construction project. Such controls are important processes that provide information and cost statistics in a timely and accurate fashion so as to ensure proper construction management is undertaken in a proactive way. Let us provide our unmatched expertise in this field to your business.
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During the undertaking of any construction project, a number of costs need to be estimated accurately and predicted as much as possible while leaving allowances for additional overhead expenditures. A detailed level of supervision includes this estimation as well as regular updates on all financial transactions that occur during the life cycle of the project. It also reveals any delays or problems so that they can be corrected immediately.
Our project cost management services are geared toward ensuring that the estimated amounts match the final price as much as possible while keeping in mind the quality of the final product and the owner’s or contractors’ expectations from it. This is accomplished by creating an accurate and detailed amount of the construction estimate based on the owner’s design model – and we have unmatched experience in doing so. Call us today to get a quote.
Cost reports are commissioned at critical intervals during construction so that estimates are updated and regularly checked. This ensures that the estimate of all labor and materials is controlled as much as possible. If there are any changes in the estimates, they are priced and conveyed to the owner after confirming and comparing the numbers with the initial construction estimate.
This is at the heart of what we do at Total Takeoffs. It eliminates any surprises that might arise and allows both sides to work things out ahead of time. This affords you efficiency and more accurate completion horizons.
Project cost management includes constant monitoring and assessment during the building process. Let us show you our effective procedures in accomplishing this task.
After the initial estimates have been completed, the focus shifts to preparing a schedule of values. We take into account all construction charges, which include land acquisition, planning, architectural designing, and other subsequent price classifications such as general conditions.
Charges associated with construction may be reviewed monthly or even more frequently depending on the nature of the site. The cumulative effect of change is followed from the get go, and this is what helps predict the total construction price covering the complete life cycle of the construction plan.
Parameters that are analyzed include the progress of work and the costs to date at specific milestones. As experts in project cost management, we are able to help deliver your job within budget and on time.
Proven Performance For Project Cost Management
Our proven track record includes the Casamore development in Naples, Florida, completed in 2011. We successfully represented the developer during construction of 12 luxury units, each 6,000 total square feet, elevators, garages and boat slips. Our scope of services included:
- Performing site inspections
- Providing detailed reports
- Approving payment requests from the builder
- Approving lien waivers
- Overseeing quality control and punch-out
We can provide the same superior level of building supervision for your new structure. Call us today for a initial consultation.