Cost Management

Our Cost Management service offers a unique and innovative method for controlling costs. We have a deep understanding of how to create and present financial documents in a way that is easily understandable for our clients. By carefully considering all costs associated with the project, we aim to minimize any unexpected expenses or exclusions. Our services are available at any stage of the project, providing comprehensive support throughout the whole project lifecycle.

We acknowledge the significance placed by Clients, developers, contractors, and private individuals on the identification and management of project costs. Our services are customised to meet particular business requirements, aiming to minimize the risk of cost uncertainty and overruns.
House Theory provides comprehensive advice on the entire project costs, encompassing not only construction costs but also professional fees (such as those for architects and engineers), furniture, fixtures and equipment (FF&E), as well as development costs. With our extensive experience from both the consultant and contractor sides, we are able to offer professional, well-rounded, and adaptable guidance.

Our Cost Management services cover:

  • Conducting feasibility studies in the initial stages of a project and providing early cost advice to ensure that the project is viable.

  • Carrying out cost control during the design stage to keep the project within budget.

  • Providing a primary cost plan that includes a list of cost-saving opportunities through value engineering.

  • Offering recommendations on procurement methods, contract types, and the selection of contractors.

  • Preparing tender documentation, including gathering sections from various consultants.

  • Managing the tender process which involves clarifications, analysis, reporting, and negotiations.

  • Maintaining constant communication with the Client and/or Client Representative throughout the project.

  • Engaging actively to bring about a positive impact on the project.

  • Actively participating in design team meetings.

  • Providing monthly interim valuations.

  • Evaluating, appraising, and reaching consensus on any variations to the contract.

  • Providing monthly cost reports.

  • Producing and agreeing on final accounts for construction projects.