Design

Cost Planning / Budget Development

The first estimate of a project cost is usually the most important one as the most critical decisions are based on it. You want your project to run smoothly and be successful. Underestimating a budget may permit a faster approval but this will lead to serious problems down the road. Overestimating allows for breathing room, but the risk of having a project denied is too great. We recommend and offer a very thorough and detailed approach to creating the most reliable initial estimate possible. Your project’s success is riding on this estimate which, once approved, becomes the budget.

Cost Management

Cost Management is the process of planning and controlling the project’s expected cost. Expected costs are calculated while the project is still in the design stage and are approved beforehand. This allows for more informed decision making, and allows for changes to be made earlier in the process, while the cost of making changes is minimal. During construction, all expenses are recorded and monitored to make sure they stay in line with the cost management plan.

Implementing a cost management structure for projects can help a project keep their overall cost within the approved budget.

 

Cash Flow Development

Cash Flow Development is essential to the financial success of the project because it provides an analysis and plan of not just the bottom line, but how much money is being paid out and when in comparison to the availability and release of available financing as applicable.