Quantity Surveying, Cost Management

We provide a range of Professional Quantity Surveying services tailored to meet our Clients’ requirements. Our team provides Quantity surveying (QS) and Cost management services on a diverse portfolio of construction projects, including buildings, industrial structures, infrastructure projects. Our firm’s quantity surveying specialists are part of the design and project management teams of low to high complexity implementations across the world.

Our portfolio of offerings ranges from pre-contract and post-contract Quantity Surveying to the complete set of cost management services for the Construction industry. Certified Professionals and an experienced team of Quantity Surveyors/Cost Managers provide the clients the option of an increased capacity to their resources as well as the ability to utilize our expertise for quick turnaround.

 

Cost Plan & Budget provide an estimate of what the actual costs are likely to be. The Budget includes an outline plan for how that money will be spent, and a breakdown of the items it will be spent on. Budgets set a limit for expenditure and this can help determine what is affordable. They should be set as early as possible so that expectations can be managed. Cost plans evolve through the life of the project, developing in detail and accuracy as more information becomes available about the nature of the project. They can range from very early initial cost appraisals through to tender pricing documents and the final account.

 

We undertake Budget Review which is a detailed third-party review of a proposed budget for any construction projects to analyze each line item and confirm the values submitted are reasonable. There may be potential changes to a budget created due to changes in Scope, design modifications, value engineering, or force majeure.

 

As Professional Quantity Surveyors our practice provides accurate and detailed Bills of Quantities for a range of clients including Architects, Builders/Developers, Construction companies, private clients for their developments and also main contractors and sub-contractors tendering on projects to assist them in issuing competitive tenders and estimates for their projects.

The Bill of quantities which we provide our clients with allows us to provide a fully integrated approach to the preparation and use of documentation for the procurement and control of construction projects and also allows us to provide Bills of Quantities in various formats to our clients.

 

We provide accurate and detailed tender documentation including Bills of Quantities for our clients, which essentially provides a reliable basis on which to tender for proposed construction works

In relation to the Contract documentation, after the Client has made a decision of an award of the contract, we would then prepare and collate the necessary Contract Documentation and incorporate any agreed alterations that may have been made post-tender. Standard Forms of Contract would be completed and we would arrange for the Contract to be signed by the Client and the successful contractor.

In Tender Evaluations & Negotiations – We would be assisting with the final stages of appointing the main contractor including evaluating and comparing tenders, producing reports and negotiations.

 

Value Engineering & Cost Optimization – is a conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term investment.

Value Engineering (VE) is not a design/peer review or cost-cutting exercise. VE is a creative, organized effort, which analyzes the requirements of a project for the purpose of achieving the essential functions at the lowest total costs (capital, staffing, energy, maintenance) over the life of the project.

Using our experienced, multi-disciplinary team, the Value and economy of a project are improved through a study of alternate design concepts, materials, and methods without compromising the functional and value objectives of the client.

ADVENT Value Offering
  1. Cost Benefit – Reduce O&M (Operation & Maintenance) costs substantially<
  2. Quality Management – Process driven approach for quality management and error free delivery.
  3. Transparency – Full control over dedicated resource and project deadlines.
  4. Communication – Proactive approach to identify & mitigate issues and ensure smooth workflow.
  5. Experience – 35+ years of Industry experience in diverse engineering & construction projects.
  6. Competitive Edge – Empowering C-Level Executives to focus on Core Competencies.

The purpose of Value engineering in construction is not just reducing the costs, increasing the design standards, making it easier to build the project and saving time and money. VE must create a balance between all the needs of the project.

Bill certification is very important phase in post contract process. Bills can be running account bills (R.A bills), pre final bills or final account bills.

COST MANAGEMENT:

– Benchmarking

Cost Planning & Pre-Contract Cost Control:- Our Aim is to ensure – Client obtains value for money by –

1. Setting a realistic cost limit, which represents a fair price for the project.

2. Deciding on how this money is to be spent?

3. Checking that the money is being spent as intended


– Value Engineering / Alternate Solutions

– Procurement Strategy & Contract Advisory

– Tender Management

– Post Contract Cost Controls
– Final Account Closure

 Pre-Contract Services: –

Pre-contract management shall include the feasibility analysis, Cost planning, Design economics, Value Engineering, procurement, tendering, Quantification of works/QTO, Cost Estimation and Contracts.

Post-Contract Services: –

Post-contract management shall include Cost Budgeting, project cost monitoring, reporting, valuation of interim & Final Accounts, Commercial management, Contracts management, Contractual claims, Cost Analysis and Change Management.

  • Date: July 21, 2022
  • Client: Johnson Group, US
  • Category:
  • Value: Johnson Group, US