CONTRACT TENDERING & ECI MANAGEMENT

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Early-stage construction estimates provide crucial guidance to clients regarding project affordability. We generally use historical data and benchmarks to assist clients with their overall design targets, development strategy, and input to feasibility assessments.

After pre-design stage estimates ensure alignment with the client's cost objectives. A schematic design estimate offers a more reliable figure for decision-making, typically with an increased accuracy possibly presented as a range. We monitor and review the design parameters and efficiencies to make sure the best value for money outcome is achieved

At this stage, the essential aspects of the project brief are typically finalized. The cost planner can then furnish an estimate, ensuring the design aligns with project objectives. Estimates during the design 

development phase should increasingly match the accuracy anticipated in a pre-tender estimate

 A pre-tender (or pre-delivery in self-procurement models) estimate is crucial when documents are ready for final costing to prevent wasted efforts. Despite the challenges, mastering the tendering and estimating

process is a worthwhile investment with significant potential rewards. We can use this stage to fine-tune and finalise all the remaining cost optimisation ideas.

 During the delivery phase of a project, it's imperative for the project manager or client's representative to regularly update the client on the project's financial status. This typically involves overseeing progress payments, variations, and extensions of time claims. It

also entails tracking expenditures against provisional sums, cost escalation, and anticipated future costs impacting the final expenses