Cost Planning

What is Cost Planning?

In the construction industry, a cost plan is an outline of the financial feasibility of the project. The plan details the project budget for each stage and is used as a guide of estimated costs to complete the project. Cost planning is essential to ensure you stay close to budget during development.

Construction Cost Estimates

Construction cost estimates are an essential tool in the construction process that will ensure the project can be delivered on time and within budget at every stage of the design process. Asset Economics are experts in the preparation of construction cost estimates from high level estimates to elemental estimates to detailed trade cost analysis.

Progress Payment Assessments

Financial institutions require detailed cost reviews from a quantity surveyor to ensure developers/builders are providing realistic and accurate costs for projects. This ensures the loan facility is adequate to fund the entire construction of the development. Progress Payment and Variation reports are usually required monthly to ensure the project is on time and within budget.

How Can Asset Economics Help?

The Asset Economics team have more than 10 years of experience in the building and construction industry. We are proud of our well-established network of relationships with other organisations in architecture, accounting, property management, developments and building. Our expert Quantity Surveyors have an established track record in the preparation of bill of quantities, builder’s quantities, cost estimating and cost planning.

Asset Economics is dedicated to providing a professional and personal service, which consistently exceeds our clients’ requirements and expectations. Our team strives for excellence and ensures that our clients receive the most professional service. We are committed to producing accurate and quality information.

We provide a range of documentation and cost management services as follows:

  • Elemental Cost Estimate
  • Preliminary Budget Cost Estimate
  • Pre-tender Cost Estimate
  • Schedule of Material or Builder’s Quantities
  • Sub-Contractor Trade Packages
  • Bill of Quantities
  • Assessment of Variation or Valuation of Work-In-Progress
  • Tender Evaluation

Asset Economics specialise in residential buildings including luxury homes, low-rise strata apartments, townhouses, industrial buildings, retail and commercial buildings. We regularly work with development values of up to $100m.

Need a cost plan? Get in contact.
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Asset Economics was very professional, on-time, and provided excellent service. The level of service throughout the entire process was timely and thorough, ensuring a smooth transition in our construction timeline and helped in minimalizing disputes. Even though the project was large, Asset Economics kept Sunland informed with constant updates and real-time information to ensure all deliverables and services were being provided and executed to the highest standard.

Asset Economics provided stress-free and professional services that we would use again.

Andrew ConochieDevelopment Manager, Sunland Group

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