Cost management

delivering professional excellence

The core of our cost consultancy lies in the adept handling of cost certainty and effective cost management, bolstered by a rich history of delivering professional excellence. Our team of cost management consultants specializes in forecasting the capital cost of asset investment programs and projects. Moreover, we meticulously analyse all financial implications that property or infrastructure assets may have on a client’s business model, spanning from a project’s initiation, through its delivery, and persisting throughout the asset’s lifespan.

Cost management experience

Our team of adept quantity surveyors, cost management consultants, and cost engineers, recognized for their award-winning contributions, are dedicated to providing clients with assurance regarding costs across diverse sectors such as infrastructure, energy, education, healthcare, utilities, property, and government.

The core focus of our cost management consultants lies in accurately forecasting the capital costs associated with asset investment programs and projects. Moreover, we meticulously assess all financial implications that property or infrastructure assets may have on a client’s business model. This commitment extends from the inception of a project, through its delivery, to completion, and throughout the entire lifespan of the assets.

What we do

Our services encompass a comprehensive range of offerings, including cost prediction advice, negotiation, and account closure services. We cater not only to asset owners and end-users but also extend our expertise to property developers and financiers. In essence, our goal is to provide clients with the invaluable benefit of cost certainty throughout the entire lifecycle of their assets.

This life cost cycle approach encompasses before, during and management stages:

Managing your asset

Implementation of capex/opex projects
Asset upgrade and component replacement
Long term asset management agreements
Insurance asset replacement valuations
Real estate tax planning
Strategic facilities management
Whole life cost analysis
Planned maintenance optioneering
Sustainable procurement
Planned asset decommissioning

Before investment

Estimating
Embedded carbon modelling
Strategic and specific optioneering
Cost benchmarking
Cash movement management
Cost modelling/planning and due diligence
Fund monitoring
Risk mitigation
Supply chain management
Value analysis and value engineering

During investment

Procurement strategy
Contract selection advice
Monthly valuation of works
Change control and accounting
Managing cost
Predictive and actual cost reporting
Payment controls and final accounting,
Post-implementation reviews and close-out
Project auditing
Trade contractor procurement
Earned value

How we do it

Our cost certainty services adhere to the Group’s information management system, aligning with ISO 90001, 14001, and 18001 certifications. We prioritize agile methods tailored to customer needs across diverse industries, ensuring robust quality delivery. Years of continuous improvement focus on providing reliable deliverables, freeing up client resources. With 80% of our cost management business stemming from repeat commissions, we offer cost certainty confidently.

In essence, we follow a controlled Plan, Do, Review, and Learn methodology:

Plan

All activities undergo thorough planning and approval, integrating the expertise of qualified professionals into the output.

Do

Our cost certainty services operate under tried-and-tested processes, tailored for end-user clients. Clear, well-thought-out procedures, rooted in recognized professional practices, govern our actions. Regular audits ensure compliance with quality standards, and our team leaders prioritize task deliverables, minimizing waste and offering competitive rates.

Review

Long-term sustainability requires acknowledging and implementing continuous improvement. Each service delivery project undergoes monthly reviews, culminating in a final review on completion. Feedback from these reviews is shared with clients and project teams, contributing to performance maintenance and enhancement.

Learning

ETS, operating globally across numerous industry sectors, facilitates a best practice forum in cost certainty. Managed by a practice leader, this forum captures and communicates lessons learned from projects, preventing waste on future endeavours and showcasing innovation.