Cost Management

BACE has built their whole philosophy on the need to provide solid management and cost advice to clients and other professional consultants, to ensure projects are delivered both on time and budget. Our cost management processes enable us to manage the budget requirements and anticipated costs from inception to completion. This is achieved by utilising effective cost control procedures, geared to proactively “manage” not just reactively record or monitor costs ultimately to maximise the return on investment for our clients. 

We operate a proven, well managed process which calls for continuously checking procedures, ensuring that all elements of works are captured correctly from the budgeting phase, to completion of the project. Each stage of the process identifies cost risk items that need to be addressed prior to the next one starting.

Being involved from the start of the project enables us to manage this process and provide a solid budget, ensuring the needs of the client is both achievable and deliverable. Every client and development is unique and by understanding the goals our reports are tailored to meet the specific requirements of the client brief. This has real benefits to them when reporting to their clients, funders and stakeholders

• Cost estimating from initial feasibility to detailed design
• Cost benchmarking against similar projects and industry cost data bases
• Value Engineering and value management
• Risk Management
• Procurement advice
• Tendering Procedures and Contractual arrangements
• Completion of Contract documentation
• Post Contact cost reporting and management
• Interim valuations and certificates
• Cost auditing and assurance
• Final Account negotiations and agreement
• Cashflow forecasts and analysis
• Whole life costing