MHPM provides you with professional construction expertise early in the design and budget development stages to ensure that construction is completed on-time and on-budget.
Cost Control and Budgeting during Design Development
The construction services manager provides knowledge and expertise in the development of the project design by providing constructability, cost estimate and schedule input. Reports are prepared at pre-determined milestone dates that quantify project deliverables in tandem with design development.
Creating a control budget and schedule
Based upon the cost estimate, the construction services manager will create a control budget (developed from cost estimates) and a critical path schedule reflective of the scope developed together with a cash flow that reflects the estimated cost expenditure of the project.
The budget and schedule documents are used as a yard stick to measure the actual status of the project.
Managing the Budget
The construction services manager will manage the control budget utilizing experience, expertise and knowledge of the current market place and new technologies. As the design is developed and tenders are called, the results are measured against the control budget and will provide the Client with an accurate measure that assesses the project’s financial status.
Cost Tracking Records
The construction services manager will enter the control budget into a cost log, an integral tool that assists in the cost management of the project which is maintained throughout the duration of construction.
This log identifies the control budget and tracks the scope commitments and forecasted costs of each element of construction.