COST MANAGEMENT SERVICES
Cost management is a process which helps our clients realise their projects and programmes within a predetermined budget. TBH’s cost management system considers all costs associated with the project or programme including development costs, consultants, vendors, delivery, construction, commissioning, internal costs and resources.
Unlike traditional cost accounting, TBH’s cost management services are forward looking because control can only be considered on costs which have not yet been committed. TBH’s cost management constantly compares updated forecast final costs with the budget, and looks for solutions when the forecast exceeds the budget. TBH’s methodologies and extensive experience helps the client manage the cost outcome of the project, which are complementary to TBH’s other core services.
Specialist Skills
- Feasibility studies
- Estimating and cost planning
- Value management
- Benefits management
- Advice on procurement options
- Prepare and analyse tender/bid documentation
- Cash flows analysis
- Cost forecasting and trending throughout the project life
- Earned value analysis
- Assessment of progress claims
- Assessment of variation/change claims
- Settlement of final accounts
- Assistance with statutory payment obligations
- Risk analysis
- Contractual claims