Assessing Costs During the Planning Phase
Before a project gets underway, you need to fully assess its cost viability with due diligence. You want to set a realistic budget for the project, understand its scale, and build contingencies into your budget planning, while ensuring funding and an appropriate cash flow is in place. With our database of projects, tender results, unit costing, and contractor/supplier lists, we can easily guide your planning process based on our past experience.
A Feasibility Study can provide you with a realistic budget to work with, plus an opinion of both hard and soft construction costs. Additionally, a Program Estimate can help to reflect the owner’s requirements, site conditions or site options, any government requirements that may affect cost, as well as local market conditions.
Later in the development process, you will need to collaborate with the designer to ensure design conforms to budget. A.W. Hooker typically initiates a Budget Development & Cost Planning process at the outset of the design phase to keep design development on budget from day one and ensure it stays within guidelines. We also analyse the Life Cycle Costs of a building project, so you can be confident that your selected design not only supports a sound and viable construction plan, but also a long-term, smart investment.