CYRIL ORCHARD GROUP
Chartered Surveyors & Construction Consultants
Folkestone Office: 01303851000
Telford Office: 01952608445
Regulated by the RICS
QUANTITY SURVEYING SERVICES
Cost Control & Cost Planning
The purpose of our cost control procedures aims to:
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Provide the client with a value-for-money project
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Achieve a balanced design expenditure between the various elements of the building
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Limit the client’s expenditure to within the amount agreed.
Several cost control methods which we provide to consultants, architects and clients with includes:
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Approximate estimating
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Cost advice & comparisons of alternative materials and methods of construction
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Cost planning
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Cost monitoring & reporting during the construction stage
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Financial statements i.e. monthly cost reports
These cost control methods and periodic financial reports enable clients to anticipate and control their current and future financial project commitments
Financial Reporting
Once a project commences on site Cyril Orchard Group will prepare monthly financial statements which will take into account any changes the Client may have introduced and provide a forecast of the final cost of the project.
Bill of Quantities
The prime purpose of the Bill of Quantities (BQ) is to enable all contractors tendering for a contract to price on exactly the same information. Subsequent to this, it is widely used for post-tender work such as: material scheduling; construction planning; cost analysis; and cost planning.
Insurance Valuations
Cyril Orchard Group being a member of the RICS offer building insurance valuations over a wide variety of projects. The Client should be aware that an assessment of building reinstatement cost for insurance purposes is not a valuation of the property. Generally a site visit would be required to establish the condition of the building and to assess the extent of the insurance required.
Value Engineering
Value engineering should start at project inception where the benefits can be greatest, however the contractor may also have a significant contribution to make as long as the changes required to the contract do not affect the timescales, completion dates or incur additional costs that outweigh the savings on offer.
Value engineering involves:
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Identifying the main elements of a product, service or project.
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Analysing the functions of those elements.
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Developing alternative solutions for delivering those functions.
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Assessing the alternative solutions.
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Allocating costs to the alternative solutions.
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Developing in more detail the alternatives with the highest likelihood of success.
Value engineering is an exercise that involves most of the project team as the project develops. It is about taking a wider view and looking at the selection of materials, plant, equipment and processes to see if a more cost-effective solution exists that will achieve the same project objectives.
