Feasibility Studies

A reliable feasibility study allows us to provide a speedy response at the early stages of a project, to assess the viability of the project requirements, and to offer alternative solutions if appropriate. This includes the assessment of social impact of investment through a monetised mechanism.

An accurate, feasibility study is an essential prerequisite to any procurement decision-making process.

Whether it’s a simple developer’s return on capital cost feasibility or a detailed discounted cash flow feasibility, we can provide expert analysis and materials.

Our cost benchmarking data, together with cost modelling, can be used as a dynamic tool to review alternative design options and explore ‘what if’ scenarios to identify the most cost-effective options within the parameters of the brief.

Cost Planning, Estimating & Value Engineering

Establishing a robust elemental cost plan will form the key cost management control document for any project. This will be prepared in conjunction with the whole project team to ensure ownership of the budget. All future changes will be managed against the signed-off cost plan. The cost plan will enable proactive cost-checking of design development, alternative cost studies, and support value engineering and risk management.

The services we offer to achieve this are:

• Preparation of preliminary elemental estimates based on preliminary design
• Preparation of detailed estimates and cost planning advice throughout design development
• Estimating of building services
• Participation and leadership in the value management process
• Comparative cost studies and advice on cost effective design solutions
• Advice on materials selection and general buildability advice
• Advice on selection of tenderers
• Attendance at design meetings and construction control meetings

RLB offers a strategic value-management process that is dedicated to the improvement of value obtained in capital expenditure. This is achieved through participatory workshops which challenge option and design assumptions and encourage creative and lateral thinking for better value outcomes.
The integration of value management with cost management is a powerful and dynamic approach to the economic management of projects, especially during the design stages.

Contract Procurement, Negotiation & Evaluation

RLB’s services include:

• Preparation of bills/schedule bills of quantities or schedule of rates
• Preparation of bid documentation for tendering contractors
• Strategic advice of method of project procurement and tendering
• Advice on suitability of contractor tender lists
• Review of tenders received, reconciliation to budget, and recommendation of contractor
• Attendance at tender interviews