IN10 Consulting

Cost Management

Service Overview

Using our extensive historical cost database, along with current market research and validation, our team can prepare cost estimates beginning with conceptual / program stage and followed by schematic design, design development & final construction documents.

Our constant involvement through the pre-construction phase has assisted the projects by advising Clients of anticipated overruns in a timely manner. Our broad understanding of construction materials and construction practices can help with innovative ways of delivering cost efficient strategies, while preserving the project intent.

Recent studies have revealed that nine out of ten projects experience cost overrun. We evaluate the time and monetary impacts on a project by performing change order analysis resulting in a cost savings to our Clients.

Our resources can estimate and forecast costs for long-term, phased capital improvement projects at very early stages for better decision making for our clients. This allows for great visions of development and growth in future.

Collecting data from multiple projects serves as planning tools on future projects. As such, data from these projects help in evaluating multiple alternatives for decision making at early stages of the project. Adding insightful forecasting techniques culminates into robust alternative cost models for analyzing the feasibility of construction projects.

Our estimates track the variances of each project from one phase to the next. These variance reports help in identifying cost trends and signifying complete transparency within our cost estimates. Our detailed estimates can then be used to compare with the contractor’s estimates to create a variance report and identify outliers between the estimates. Our specialized teams work in collaboration with owners and architects to provide feedback on the outliers and help with negotiating and reconciling the bid differences.

Our cost managers can analyze and report the variances line by line on projects receiving multiple bids or quotes from contractors and subcontractors. The owners can rely on our reports to make sure they are getting the best value for money. This has proved to be critical recently due to highly volatile market conditions.