Increase assurance on project costs
Looking for better cost assurance on projects? To aid the assurance requirements of the estimates and cost plans we prepare, we not only benchmark at project level but also conduct elemental top-down and bottom-up benchmarking. In this way, we give greater assurance and confidence by triangulating a cost range of the various benchmark sources of elemental and total project costs.
Make accurate cost predictions
Cost benchmarking provides a detailed range of projected cost outcomes for particular design solutions, taking into account forecasts of upcoming market conditions and the experience of previous projects. Our benchmarking process brings together actual costed projects and enables your design team to model the costings of new projects against the background of similar, previously designed solutions.
Gain new insights on cost ranges
Benchmarking typically produces a range of cost outcomes for any selected design or designed entity, given the commonality of projects within the benchmark reference set of projects. This range shows not only the low, high, average and median costs, but also the spread of costs, which informs risk analysis. Our experts will make sure you gain the insights you need.
Understand cost distribution better
Benchmarking allows you to interpret how cost is distributed through the building elements for a particular type of building. For upcoming projects, this means you can make sure elements are funded appropriately and not over or underfunded. Our data and analysis will give you this assurance and enable you to make more informed decisions.
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Ling Lam
Eric Fong
Colin Kin
