Cost Management (Tendering & Scheduling)
Cost Umbrella provides estimating services as per AACE classification such as Class 5 ~ Class 1. Estimation and budgeting is our core expertise, and we do this task at micro level by developing detailed work breakdown structure (WBS). We classify construction cost intro three categories, Dry Cost, Indirect Cost and OH/Profit.
We have well studied and PEER reviewed crew compositions and productivity rates for different regions globally, RS Means is our prime source to validate our manpower calculation. Cost Umbrella team has produced hundreds of estimate of mega projects and maintain high ratio of tender winning. We develop well organized technical and commercial submittal for all asset classes in civil construction industry.
CU team ensures a clear picture of any project by using specialized techniques and collaboration to capture the complete scope of work to deliver the project on time. We establish baseline program and measure progress, report any key deviations. We load all the resources as per work breakdown structure (WBS) in the schedule which enable us manage each activity.
Cost Umbrella has provided the services of bid evaluation for many mega project. We get involve during the opening and examining of the bids to identify the prefer main contractors for execution. We follow the defined bid evaluation criteria by different employer or consider CU’s established bid evaluation criteria for commercial and technical bids. Our Cost Management team is expert in providing following services:
Estimation (Concept / Schematic / Bottom-up):
Cost plans provide a snapshot of the likely costs associated with construction works. Starting with initial appraisals at the beginning of a project and evolving through to the final account, there are multiple ranges of cost plan. Cost Umbrella team has established strong benchmarking database which provides accurate estimates on different design stage and for different asset classes. We produce realistic estimates by covering current CPI and material escalation into account and forecast market outlook based on our experience.
Cost Plans (AACE / RIBA / RICS):
Cost plan is a tool of controlling the estimated cost during the design and construction phases of a project. CU provides a snapshot of the likely costs associated with construction work. Our team is expert in developing initial cost appraisals, elemental cost plan, approximate take-off cost plan and pre-tender estimate evolved during different stage of design completion. We provide cost plan and cashflows as per international industry standards such as AACE, RIBA and RICS.
Baseline Program (CPM):
CU team ensures a clear picture of any project by using specialized techniques and collaboration to capture the complete scope of work to deliver the project on time. We establish baseline program and measure progress, report any key deviations. We load all the resources as per work breakdown structure (WBS) in the schedule which enable us manage each activity. Our team is expert of using different planning and scheduling tools like Primavera and MS Project. CU cost and planning teams are well connected and organized to come-up with solid outcome and alert the management for major cost and schedule deviation.
Tendering (Direct & Indirect Cost):
Cost Umbrella provides estimating services as per AACE classification such as Class 5 ~ Class 1. Estimation and budgeting is our core expertise, and we do this task at micro level by developing detailed work breakdown structure (WBS). We classify construction cost intro three categories, Dry Cost, Indirect Cost and OH/Profit. We have well studied and PEER reviewed crew compositions and productivity rates for different regions globally, RS Means is our prime source to validate our manpower calculation. Cost Umbrella team has produced hundreds of estimate of mega projects and maintain high ratio of tender winning. We develop well organized technical and commercial submittal for all asset classes in civil construction industry.
Bid Evaluation (Tech/Commercial):
Cost Umbrella has provided the services of bid evaluation for many mega project. We get involve during the opening and examining of the bids to identify the prefer main contractors for execution. We follow the defined bid evaluation criteria by different employer or consider CU’s established bid evaluation criteria for commercial and technical bids. We believe strategy employed in bid analysis should reflect the client’s objective and project-specific criteria of full functionality, safety, security, and durability. CU team has established professional approach of validating the bid values and identify the unethical estimating practices such front-loading, backloading and quantity manipulation.
