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Cost Planning

As professional quantity surveyors, we are proud of being cost experts on the construction industry. Our experience has been gained from many projects in different sectors including industrial, commercial, residential, retail and education.

Cost planning is a continuous procedure with different staged estimates. Please refer the following chart about the cost planning stages.

cost planning stages

Generally, estimating is a time-, resource- and cost-intensive exercise. It is the first step towards assessing risks, especially for potentially high-risk projects such as property development.
Risks cause money. When preparing an estimate, there is a need to list the main sources of risks, for example:

  • The client
  • The government
  • Funding
  • Definition of the project
  • Concept and design
  • Local conditions
  • Implementation
  • Logistics
  • Time and cost data
  • Inflation
  • Exchange rates
  • Force majeure (unforeseen circumstances).

When we are engaged with clients for any estimating services, we try to control the risks from the beginning so that the project can be completed on time, on budget and per original design.