Cost management
Once your development project has been approved and you wish to move forward with the building works, Manor Surveyors Limited can continue to make your life easier by managing the tender process on your behalf. This involves preparing additional information ahead of construction, such as the detailed specification of works for the contractors to base their tender submission.
The specification of works we produce, that accompany architectural drawings, all of which form the tender documents are complete and detail all of the required works ensuring the project is fully costed giving you confidence that the project is affordable and within budget.
This also ensures that tenders returned by contractors are priced accurately and also that their submissions are submitted on a like-for-like basis. It has been known for some contractors to base their submissions using inferior materials to bring their costs down, which in turn reduces the overall anticipated quality of the project.
We also ensure the tender documents are fully costed so that you are not faced with an unexpected bill at the end of the project for works that were apparently not included in the original submission.
Is it Worth Using Cost Management on a Loft Conversion or Extension?
Building projects can be simple or complex however, they rarely proceed without issues. Projects can easily and quickly go over budget and timescales if not managed properly. Generally, the more invasive and extensive the renovation, particularly involving structural changes, the greater the chance of uncovering unknown issues leading to cost increases and time delays.
Manor Surveyors will provide a detailed specification of works at the outset ensuring contractors provide accurate costs in their tender submission. We will ensure the works are costed accurately obtaining the best market prices and quality of materials and trades available to deliver the project in line with the budget
Specialist quantity surveyor involvement can be particularly beneficial when planning the renovation of a listed building or property within a conservation area, where you will encounter limitations on the types of materials allowed. The permitted finishes may be significantly more expensive than other options and would have a significant impact on the budget if priced incorrectly at the outset.
Should issues arise during the project, we can quickly find the most cost-effective solution and liaise with the client and the contractor to establish where changes can be made to the overall project to minimise the impact on budget and timeline whilst still allowing for the finishes required.
Do I Have to Use Cost Management?
Whilst it is recommended, it is not always necessary to have cost management on a project. For example, on a small extension with a simple design and very few variables, particularly If you are managing your own project.
For larger more complex projects it is strongly recommended as these types of projects will naturally have higher cost risks. A cost consultant is able to use their knowledge and professional management of the tender and construction process, through to the final account, which could potentially save you thousands of pounds if not managed correctly.
