The Cost Planning function is an integral component of any development project.

Here we apply a set of processes that occur either before, during and after a project is delivered to provide an efficient and cost-effective way of developing a project budget, identifying opportunities and mitigating project risks. This is a ‘safety net’ and offers a level of confidence to developers before they become too heavily invested. Cost Planning we provide include:

• Pre-Feasibility Cost Plans (site acquisition stage).

• Functional area Cost Plans

• Elemental Cost Plans

• All Cost Planning provided with constructive feedback including identification of project risks & opportunities.

A core focus of Cost Connect Pty Ltd is to assist developers to get their projects to site in a timely manner and to adhere to a set budget. We look at the entire process and identify synergies in the workflow, providing advice and strategies to ensure timely and cost-effective design development, construction planning, pricing and procurement models that feed into the development process.

We provide input on project strategy with cost advice along the way to ensure developers move from concept to construction certificate in a viable manner, and with a project budget that makes sense.

In preconstruction our clients can benefit from us when undertaking the following deliverables:

• Site acquisition and due diligence

• Pre-DA and concept design stage

• DA lodgement including DA estimates

• Milestones in relation to obtaining a construction certificate

CONTRACT ESTIMATING / TENDERING

Estimating Project costs are an essential part of every building company. The Tender and Bid Management process is how builders and subcontractors secure and grow their project pipeline. Our Team has been successful in securing winning Bids in the Education, health, retail, residential and commercial sectors.

We assist Builders and Subcontractors through:

• Providing Estimating services for large and small projects.

• Tender vetting, subcontractor comparisons, ‘First-principles’ Prelims.

• Bid Management / Bid strategy for larger complex projects.

• Early Contractor Involvement (ECI).

• Alternative Tender proposals.

Project Cost Control is an important function of the project delivery phase. Being the most expensive and highest risk component of the project life-cycle, managing costs is essential for achieving profitability.

Services we can offer construction delivery teams and subcontractors include:

• Preparing, reviewing & modifying construction budgets.

• Strategies to maintain and improve construction budgets.

• Identifying and targeting further VM in trades, prelims and construction sequencing.

• Provide support to bolster the Contracts Admin/ Commercial team with head-contract variations, independent reviews & assessments, and subcontractor pricing variations.

• Procurement strategies.

Our approach to value management is tailored to the specific stage of the project life cycle and at which point we are commissioned. We strategically work through a roadmap of how our client can achieve savings to improve project returns.

When it comes to developing the cost engineering and value management strategy, the earlier we are brought on board the better, as there are multiple stages across the build where this exercise should be undertaken to achieve maximum profitability.

With extensive Preconstruction and on-site experience we are able to provide input on constructability, staging and sequencing of works to suit your project delivery plan, prepare project cash flows and comply with construction funding requirements. We can also assist with benchmarking your project costs in relation to similar types of projects.