Contract Cost Control
Contract Administration, Progress Claims, Variations and Final Accounts
The project enters its cost control phase once the contract has been awarded. Regular site presence, follow up of project variations, change management protocol and anticipation of final cost at all times are the keys to successful project cost control. Agreement of all variations on an ongoing basis, thus building up of the final account allows full visibility of anticipated final project cost at any time during execution.
Allowing a reasonable time from Taking Over of the project by the client, we wrap up all final variations, review and negotiate all final accounts of subcontractors and main contractor. A project closing financial statement is submitted highlighting the project’s financial history in one statement
Construction Cost / Contractual Administration Audits
Controlling the potential sources of changes or variations; pre-assessment of the cost and programme effects of potential changes before they are made; regular reporting of the anticipated final account of the project; careful management of the contingency fund and a continuation of the risk management process; value-engineering to address cost increases, where appropriate; progressive agreement of the Final Account to achieve timely overall settlement
