It's not hard to make decisions once you know what your values are.
Estimating
Estimating is the methodical process of calculating all the possible costs associated with completing a project. By having thorough and accurate costing, Contractors, Sub-Contractors, and Stakeholders can anticipate the cost of constructing a given project.
Electrical Estimating
Electrical Estimating is the process of analysing drawings, specifications, bills of quantities and other project documentation to estimate the cost of a project. As Estimators we research, source, negotiate and obtain the most competitive prices and quotes from suppliers and subcontractors. This allows us to compile accurate and competitive estimates for our clients.
Value Engineering
Value Engineering is a process where we analyse the requirements of a project for the purpose of achieving its essential functions at the lowest total costs. This is not merely the lowest capital cost of the installation but the cost over the lifecycle of the project. This is achieved by changing different design concepts, materials, and installation methods without compromising the functionality and aesthetics of the project.
Cost Management
Available Soon!!
Cost Management in Construction is the process of planning, estimating, budgeting, and controlling the project costs. To assist with the cost management on your projects, Apex Estimating can provide some value-added services to our clients. Our bespoke Payment Application and Cost Value Reconciliation Templates can assist toward maintaining cashflow and monitoring the progress on your projects. In addition to this we can assist in compiling both variations and delay notices as required.
Payment Applications
As part of our value-added service to our clients we can produce a project specific payment application document for your needs. Our payment application documents structure each of tender sub-heading on a floor-by-floor basis, subcategorised with 1st and 2nd fix cost split. The template also includes a variation tab and a material onsite tab, if required. This eliminates the guess work for our clients when compiling their monthly payment applications and assists them in getting paid what they’re due.
Variations
Variations are a post-contract cost control administration activity used to vary the cost of your contract. Generally, variations include changes to the design, to the material specification, removal of work properly executed, changes relating to access to the site and changes to working conditions. The compiling of these costs is carried out broadly in line with the methodology used in electrical estimating but include the appropriate contractual notifications also.
Cost Value Reconciliation (CVR)
As part of our value-added service to our clients we can produce a project specific Cost Value Reconciliation document for your needs. Cost Value Reconciliation is the comparison of the value of work completed on the project versus the cost expenditure on the project. This is carried out at specific intervals during the project, usually monthly, in line with the payment applications and end of month accounting procedures. It is used by management to identify the ongoing health of a project which can trigger early intervention, if required, to mitigate financial leaks on the project.
Delay Notices
As part of our value-added service to our clients we can produce project specific Delay Notices for your needs. Delay Notices are required twofold. First, they are a contractual obligation to be used to attain an extension of time on the contract completion date and, they mitigate the risk of the Main Contractor or Client applying liquidated ascertained damages (LADS) to your contract. Secondly, they are needed to assist in the justification of claims for additional monies i.e. prolongation claims, disruption claims and loss and expense claims.