Project Delivery Management > Cost Management

Cost Management

Ensure Your Projects Stay on Budget

At AESG, our Cost Management Services are designed to provide accurate, reliable, and strategic financial oversight for your projects. Whether you’re embarking on a new development, refurbishing an existing asset, or conducting a financial feasibility study, our experienced team ensures your projects are delivered within budget and aligned with your financial goals.

Our Cost Management Services

Pre-Contract Cost Management

Pre-Contract Cost Management ensures efficient budget allocation and cost control from project inception.

Feasibility Estimating and Strategic Advice

Feasibility Estimating and Strategic Advice provides crucial insights for informed decision-making in construction projects.

Risk Management

Potential financial threats and uncertainties in construction projects are mitigated through proactive management.

Budget Validation

Budget Validation confirms the accuracy and reliability of project cost estimates.

Change Management

Modifications to project scope, timeline, or budget are efficiently handled to minimise disruptions.

Cost Modelling

Detailed financial projections are created to optimise project expenses and enhance financial performance.

Procurement Strategy and Contract Advice

Resource acquisition and contractual agreements are optimised to ensure smooth project execution.

Cost Planning

Comprehensive strategies are developed to manage expenses throughout the construction lifecycle, ensuring cost-effectiveness.

Tender Action (Documentation, Management, Evaluation, Negotiation, Recommendation)

A thorough process is implemented for selecting contractors, including documentation, management, evaluation, negotiation, and recommendation.

Benchmarking (both design criteria and cost)

Industry standards are used to compare design criteria and costs, ensuring competitive pricing and optimal value.

Bills of Quantities (BOQ)

Detailed itemised lists of materials, parts, and labor are provided for accurate cost estimation and project planning.

Value Engineering

Cost-effective alternatives are identified without compromising quality or functionality, enhancing project efficiency.

Post-Contract Cost Management

Our team implements strategic processes to manage and regulate costs associated with construction projects after the contract has been signed, ensuring the project stays within the approved budget while maintaining quality standards.

Contract Administration

We oversee contracts between all parties involved in the construction project, handling documentation, terms, conditions, and changes to ensure obligations are fulfilled and risks are managed effectively.

Cost Reporting

Detailed documentation and analysis of the project's financial aspects are provided, offering insights into current costs and projections of future expenses to guide decision-making and maintain fiscal health.

Change Control

A structured process is implemented for assessing, documenting, and implementing changes in the project, minimising impacts on timeline, budget, and objectives while maintaining transparency.

Claims Management

Our expertise helps minimise the impact of external factors on your budget by formally tracking all contract variations and keeping you informed of your forecast to completion.

Valuation and Payment

Interim valuations are conducted to accurately assess the value of completed works, ensuring payments align with project progress and facilitating fair compensation for contractors, subcontractors, and suppliers.

Final Account Negotiation and Settlement

We assist in the negotiation and settlement of the final account, ensuring all costs are accurately accounted for and any disputes are resolved efficiently to close out the project successfully.

Specialist Services

Specialist services in cost management offer tailored solutions for complex project requirements.

Engineering Services Cost Management

We optimise costs for complex engineering projects, ensuring efficient resource allocation and budget control throughout the project lifecycle.

Fund Monitoring

We offer meticulous oversight of project finances, ensuring funds are utilised effectively and in compliance with agreed-upon terms.

Sustainability Solutions

Our team integrates cost-effective sustainable practices into construction projects, balancing environmental responsibility with financial efficiency.

Reinstatement Costs Assessments / Cost-to-Complete Estimation

Our detailed assessments accurately determine rebuilding costs for insurance purposes and estimate expenses to finalise ongoing projects.

Life Cycle Costing

We provide comprehensive analysis of long-term project costs, from initial investment to operational expenses and eventual decommissioning.

Peer Review

We conduct thorough evaluations of cost management strategies, providing valuable insights to enhance project financial performance and risk mitigation.

Whole Life Carbon Costing

We assess and manage the carbon emissions and associated costs throughout a building's entire lifespan, supporting sustainable decision-making.

AESG Cost Management Capabilities

Our Cost Management team provides thorough cost insights to clients internationally. We specialise in a wide range of sectors and asset types, ensuring that we can meet the unique demands of each project. Whether it’s a new development, refurbishment of an existing asset, or providing cost input for financial feasibility studies, AESG offers value-for-money solutions tailored to your specific needs.

Our Approach

At AESG, our cost management services are meticulous and proactive, structured around internationally recognised project lifecycle frameworks to ensure seamless integration with your project requirements. Our methodology covers every phase of your project, providing strategic financial oversight and optimising cost efficiency from inception to completion.

If you're setting out to explore a new construction and infrastructure development, refurbishing an existing residential or commercial real estate asset, enhancing your hospitality and retail operations, or managing data centres and education facilities, our experienced team tailors our project cost management strategies to meet the unique demands of each sector.

Overview of Our Approach

Our cost management strategy is divided into five key phases, each aligned with Internationally recognised project management frameworks:

1

2

3

4

5

Initiation and
Feasibility

Planning and
Design

Procurement
and Contracting

Execution and
Construction

Handover
and Closeout

1 Initiation and Feasibility

2 Planning and Design

3 Procurement and Contracting

4 Execution and Construction

5 Handover and Closeout

Asset Experience

AESG’s Cost Management team has experience across various sectors, including:

Sector Experience

Residential

Masterplanning

Education

Retail

Hospitality & Leisure

Entertainment

Social Infrastructure

Mixed-Use

Data Centres

Arts, Heritage & Culture

Aviation

Convention &
Exhibition Centers

Energy & Utilities

Healthcare

Industrial Precincts

Life Sciences

Logistics &
Manufacturing

Major Projects
& Infrastructure

Sports

Projects

Our commitment to excellence is demonstrated through a diverse portfolio of successful projects, including:

AL KHOBAR, KSA

The Avenues Khobar

HATTA, UAE

Hatta Hydropower Plant

DUBAI, UAE

Shams Marina

LONDON, UK

Chelsea Barracks

Related Insights and Resources

4 mins

Sustainable Developments Start with a Solid Budget: Here’s Why

6 mins

Leveraging Environmental Opportunities to Secure International Finance in the Middle East

1 mins

Critical Insights into UAE’s Residential Market

8 mins

2024 Building Commissioning Market Insights

Ready to Optimise Your Project Costs?

Connect with AESG’s Cost Management team to explore how we can help you achieve your financial objectives through tailored cost management solutions. Ensure your projects are delivered efficiently, on budget, and with the highest levels of precision and quality.

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NET ZERO

Strategy and Advisory

BUILDING SERVICES ENGINEERING

Fire Life Safety

ACOUSTICS

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Technology & ICT / Audio Visual Design

COST MANAGEMENT

COMMISSIONING

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TECHNOLOGY ADVISORY