What Do We Offer?
We estimate costs for the project to forecast the finances needed to complete the project within the defined scope. Accordingly, we offer/ tailor our services for the following:
- Breakdown of the total cost of the project into smaller sections according to the WBS of the project as per either payment schedule provided by the client or our previous experiences.
- Fractionate the total cost of the project into several disciplines like Engineering, Procurement, Construction & Installation, Commissioning & Handing over.
- Assignment of these costs to either all the activities or on completion of a particular activity (Stage Payment).
- By assignment of the costs to the activities, carry out an S-Curve/ Histogram, which represents the financial values required monthly for the completion of the project within time and budget.
How Cost Estimation is Adding Value to the Project?
- Cost estimation keeps the budget of the project on track and avoids wasteful spending.
- Cost estimation facilitates in allocating resources correctly and maintain financial control.
- Financial forecast helps in justifying the process of budget approval and keeps the project running.