Commercial Administration
From contract management and budget and schedule monitoring to certifying contractor progress payments and approving payment requests, our vigilance during the construction phase is critical to keeping the project on track and within budget.
We collaborate with you during pre – construction phase to finalize budgets, designs, construction drawings, permitting, schedules, and logistics. We make certain that every line item is included so that your project runs as smoothly as possible with no surprises down the road. Every detail matters when it comes to your budget and your peace of mind. Throughout the project, we present all viable options, make recommendations, and give you enough time to make informed decisions.
What Is the Importance of Project Cost Management in the Construction Industry?
Project cost management refers to the set of activities employed to estimate, designate, and manage the cost of the construction project by analyzing the scope and productivity with regard to the stated budget limits. It ensures maximum efficiency throughout the entire lifecycle of the project and overrules the effect of cost overruns and time delays.
Project cost management benefits all parties involved in a construction project, including developers, construction managers, contracting corporations, engineering and design firms.
It effectively begins with accurate cost estimates to establish the initial budget and later measurements to ensure that the project stays within the budget limits.
It effectively begins with accurate cost estimates to establish the initial budget and later measurements to ensure that the project stays within the budget limits.