Beyond the Budget: How Cost Consultants Drive Project Value

Key Responsibilities of a Cost Consultant:

1. Cost Planning & Estimating:

• Prepare detailed cost estimates and budgets at various project stages (feasibility, design, construction).

• Advise on cost implications of design choices.

2. Procurement Advice:

• Recommend procurement strategies (e.g. traditional, design & build, management contracting).

• Prepare tender documentation and manage the tendering process.

3. Contract Administration:

• Help administer and manage construction contracts.

• Provide ongoing cost reporting and cash flow forecasts.

4. Value Engineering:

• Identify ways to reduce costs while maintaining or improving quality and functionality.

5. Change Control:

• Assess and value variations to the contract during construction.

6. Final Accounts:

• Agree the final cost of the project with the contractor upon completion.

Who Uses Cost Consultants?

• Developers

• Architects

• Project managers

• Contractors

• Government/public bodies

At MBH we provide cost management services from feasibility to completion. We work closely with our clients to provide accurate cost advice and aim to manage the budget throughout the project. We are involved from the beginning of projects, working with our in-house design department to provide value engineering options from the outset.

We also provide our services to manage the procurement process. Advising on the preferred strategy for each project to ensure clients are getting the right contractor, which meets the aims and objectives for their project. During the construction works, we help administer the contract, working closely with the Contract Administrator / Employers Agent by providing cost advice on variations, valuations and final accounts.

If you’re looking to drive project value using our cost consultants, get in touch with us today at MBH or call 01932352727.