Advisory & Cost Management
Multibuilt Advisory, along with our project collaborators, provide the full spectrum of cost advisory and cost management services to all phases of a property development, building and civil construction project.
We provide a full cost management service. From initial projections to final completions, we provide continual management, review and control of costs, ensuring your budgets are adhered to.
We pride ourselves in being a project cost contributors with a point of difference.
Providing:
- A bespoke approach – we tailor our services, individually to each client’s requirements. We understand traditional methods don’t fit every clients needs or project requirements.
- Lean thinking – trimming costs whilst providing the highest quality & in the quickest practical time.
- Real market data – we use of real time market cost data, rather than traditional historical comparison. We market test our estimates, significantly increasing certainty when managing cost control.
- We apply these attributes to our construction estimating & cost planning services to provide a unique tailored service.
Feasibility Studies
When initially considering a projects viability, it is essential to undertake a board, up front analysis of the many project variables.
The exercise is referred to as a Feasibility Study.
As essential pre project planning task, that will assist you in making a final investment decision.
Variables that will come under examination with this exercise, will include, but not limited to:
- design assessment,
- site conditions,
- regulator implications,
- project risk,
- funding requirements,
- potential returns on investment (ROI).
Typically, Multibuilt Advisory provides this service for the purpose of assisting on procurement advice to Construction companies and Property developers
Our model is simply but practical, utilising historical data in conjunction with present day, real time market considerations. We take the complexity out, so you can make a clear final investment decision.
Conceptual Estimates
Once a project design phase has been given the ‘green light’, it is prudent to track conceptual estimating during the design phase.
This exercise is undertaken to ensure:
- the design meets the objectives of the clients brief,
- the budgetary constraints are being adhered to,
- the construction methodology is achievable,
- the final funding requirements are clearly demonstrated,
- the design is being formulated in terms of best value for money.
As experience cost managers, we are able to guide you through this process to ensure all your objectives are met.
Tender Estimates
An essential part to any tender submission is to provide a tender estimate or bid quotation.
Attaining the most accurate estimation will involve a detailed Quantity Survey (QS) and estimation of a projects labour, materials, plant & equipment (hard costs) and preliminaries (soft costs).
The resulting document is often referred to as a Bill of Quantities (BoQ).
At Multibuilt Advisory, we are able to produce tender estimates in accordance with your procurement objectives.
Property Development Cost Guides
Similar to a tender estimate, property development cost guides employ the same methodology to produce an accurate cost appraisal of a particular property development project.
At Multibuilt Advisory, we are able to produce property development cost guide in accordance with your property development goals.
Project Budget Formation, Value Engineering, Cash Flow – Detailed Cost Plan
Prior to any project commencement, cost control will require a locked budget baseline, so project expenditure can be subsequently be monitored and controlled We are able to take any feasible tender estimate or property development cost guide, and turn these estimates into a locked budget.
This will typically involve value engineering. We negotiate final (hard costs) suppliers and subcontractors into locked contracts and use ‘best approach’ construction methodology.
The final result will be the production of a construction ready budget with integrated project cash flow and these elements will form your detailed cost plan.
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