Cost Management2024-03-12T10:47:45-07:00

Cost Management

Our team has years of experience in evaluating and facilitating the delivery of projects across all sectors. Through this valuable experience, we have gathered robust amounts of contemporary and historical construction cost data, which we use to provide our clients with the most comprehensive and reliable cost consulting services in the industry.

This unique capability, coupled with our flexible and client-centric approach, enables us to accurately forecast — and proactively manage — all project costs during all phases, from feasibility and planning all the way through to completion. Furthermore, we provide all our cost services with in-house specialists, ensuring consistency, transparency, and accountability as we work together with the project team and client organisation to achieve a successful outcome, no matter the project size, type, or sector.

Our cost management services include:

  • Feasibility studies, cost modelling, and benchmarking

  • Due diligence and acquisition support

  • Cost planning

  • Value engineering and risk management

  • Contractual advice

  • Cost control, valuations, and change management

  • Supply chain management and procurement

  • Reinstatement valuations

  • Project audits

Your Cost Management Questions Answered

Cumming Group has a deep understanding of the Traditional, Design & Build and Contract Management routes of procurement. We know each has benefits and disadvantages, which we can align with your project aspirations and client needs.

Cumming Group has sector experts with decades of data which is closely monitored against current market trends to ensure we can offer the best value for money to our clients.

Cost estimation is essential for developing a realistic project budget, but it is important to note that cost estimation is not a one-time activity. Estimating costs should be done at various stages of the project. Some steps include:

  • Defining the project scope
  • Breaking down the project into smaller components
  • Identifying the resources required for each component
  • Estimating quantity of resources required
  • Determining the cost of each resource
  • Calculating the total cost

Construction cost management refers to planning, estimating, budgeting, controlling, and reporting the costs associated with a construction project. It includes resource planning and cost estimation, budgeting and control.

We pride ourselves on our ability to think outside of the box when it comes to value engineering. By understanding your needs, we find ways to keep costs down without reducing value within projects. For example, this may come in the form of procurement routes, scope change or programme review.

Cumming Group has decades of construction data across all sectors we operate in, and we continue to monitor current market trends. In December, we issued our latest “Inflation on Construction Materials – Market Review 2022” report, highlighting our summary of 2022 and what we expect to see in the next 12 months.

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