Optimum Procurement Strategy
Our confidence in advising on the cost implications from the conceptual stages rests on our wide-ranging experience and specialist knowledge across all market sectors and building types. Timms Eida stay constantly alert to what represents value for our clients. Our Cost Management service essentially involves monitoring the construction costs against the budget and providing advice regarding the financial effect of any variations to the works. To achieve this requires embracing an optimum procurement strategy, which can balance the sometimes competing requirements of risk, certainty, time, design, quality, budgets and benefits.
Throughout the contract period, and if requested, we advise on the cost implications of proposed variations. We issue periodic financial statements and project final cost estimates. In addition we prepare interim valuations of works in progress and make recommendations for interim payments.