Construction Cost ManagementFinancial engineering
Cost database
We use an external cost database that is kept current by broad independent field research; that is the field data sourcing. That database is differentiated by building function (from simple industrial building to complex healthcare property) and by building typology (from small commercial building to stacked housing). Cost insight goes down to the line level and broken down by labor, materials and operations.
Cost Management
The subject of cost management uses that database, but that is not the subject: the subject is understanding which calculation tool (from foundation cost estimate to element budget). The trade is understanding the extent to which permits and insurance, overhead costs transportation costs and financing legs affect the case. It is also necessary to understand what is needed at what stage of the project; whether the costs from the database apply to the element and where we deviate. All the models we use in the design and drawing process carry many data (quantities).
Math and drawing
But part of the business of cost management is the understanding of circumstances; in knowing what to charge because it is not charged. It also includes understanding when it is necessary to bring in other sources or market input because it differs from the database. The profession of cost management is financial engineering: it is understanding what needs to be filled in by working out the task.
interesting facts
measurements per year
Trained scan operators
Minutes per scan position
Related projects
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