Cost Management

Cost management plays a pivotal role in construction projects by ensuring effective planning, control and optimisation of financial resources. It helps in achieving the project's objectives within the defined budget, while maintaining quality and delivering value for money.

Quantity surveying services in a construction project involve several key stages:

1. Pre-Contract Stage:

• Conduct feasibility studies.
• Estimate costs and develop a preliminary budget.
• Explore value engineering opportunities.

2. Tendering Stage:

• Prepare comprehensive tender documents.
• Analyse and evaluate contractor bids.

3. Contract Documentation:

• Finalise contract documents based on accepted tenders.
• Administer contracts to ensure compliance.

4. Cost Control:

• Monitor project costs against the budget.
• Manage changes and document cost implications.

5. Payment Valuations:

• Assess and certify the value of completed work for payments.
• Prepare the final account at project completion.

6. Risk Management:

• Identify potential risks impacting costs and schedules.
• Develop strategies to mitigate and manage risks.

7. Life-Cycle Costing:

• Conduct whole-life cost analysis, considering construction, maintenance, and operational costs.

8. Post-Contract Stage:

• Finalise project aspects, including financial closeout and handover.
• Evaluate project performance against cost and quality objectives.

These stages ensure quantity surveyors contribute to effective cost management, contract administration, and risk mitigation throughout the construction project lifecycle.

ANA takes a proactive approach, embedding cost considerations from project inception to completion. Our commitment involves engaging with stakeholders and challenging design teams to prioritise cost as a key component in shaping the optimal design solutions.

ANA emphasises proactive cost control. This approach ensures that we actively manage and influence costs throughout the project, rather than merely reporting on them after the fact.

ANA's multi-disciplinary experience gives us a unique advantage. We bring a comprehensive understanding of various aspects related to cost management, coupled with expertise in procurement and construction law. This holistic approach enhances our ability to provide a well-rounded and effective cost management service.

ANA is dedicated to achieving value for money for our clients. Through proactive cost management, stakeholder engagement, and challenging design teams, we strive to optimise costs while maintaining project quality and objectives, ultimately delivering maximum value for our clients.

Cost management is instrumental in identifying, assessing, and mitigating risks in construction projects. By closely monitoring costs and implementing proactive measures, ANA helps clients navigate potential financial challenges, ensuring projects stay on track and within budget.

ANA is committed to staying at the forefront of industry best practices. We actively participate in professional development, industry conferences, and continuous training, to ensure our team is well-informed about the latest trends and advancements in cost management.