Commercial Success
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.
![](https://s31756.pcdn.co/europe/wp-content/uploads/sites/6/2023/12/Cost-benchmarking-and-cost-intelligence-Proof-Point.jpg.optimal.jpg)
![](https://s31756.pcdn.co/europe/wp-content/uploads/sites/6/2023/12/Digital-Procurement-and-Cost-Benchmarking.jpg.optimal.jpg)
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.
Value & Impact
How we’ve helped others meet their challenges
GLOBAL
SPORTS EVENTS COST BENCHMARKING
Increasing assurance on project costs
A high-profile organiser of major multisports events commissioned RLB to collate and benchmark cost of construction data for its different events to improve planning of future projects. We applied our cost management and digital development expertise to develop a cost benchmarking system that would improve assurance of projected cost outcomes.
“RLB is a trusted consultant and has an extensive track record of providing us with expert cost management support. It has consistently delivered advice and insights that have made a real impact on our organisation’s ability to plan projects with greater cost certainty.”
Confidential Sport Sector Client
COMMERCIAL SUCCESS
INSIGHTS & PERSPECTIVES
Capability
Data centre growth seen in scaled schemes…
8 Min Read Time
As demand for computing power rises, developers are turning to options from hyper-scale data centres...
RLB responds to market demand with new…
3 Min Read Time
Responding to growing market demand for sustainability measurement, independent construction and ...
Future Thinking
What we need now is good governance
3 Min Read Time
As the country gets ready to elect a new government, it occurred to me as a professional advising ...
Capability
RLB launches its 'How to Procure Us'…
1 Min Read Time
Every year £300 billion of public sector funds are spent in the UK. When spending these funds and ...
Future Thinking
It’s time to start talking about the…
6 Min Read Time
As key industry stakeholders gather in Leeds for UKREiiF, one of the UK’s largest property and ...
Tender Price Forecast
Construction Market Intelligence UK Edition Q2 2024
1 Min Read Time
Just published is the Q2 2024 edition of Construction Market Intelligence, RLB’s digital ...
COMMERCIAL SUCCESS
RELATED CAPABILITIES
Contract Administration and Employer’s Agent
Commercial Assurance and Portfolio Evaluation
Cost Planning and Cost Modelling
Feasibility Studies
Life Cycle Cost
Procurement
Risk Management
Value Engineering and Value Management
DISCOVER MORE
Explore more of our services and expertise
FURTHER INFORMATION
![Allan Trotter](https://s31756.pcdn.co/europe/wp-content/uploads/sites/6/2023/09/Allan-Trotter-106x106.jpg.optimal.jpg)