Cost Consultant, A Savior
Join 1000's of Authors at StreetArticles Today!

Cost Consultant, A Savior

The first and foremost thing that comes to our mind while we plan to build a house or an office is the “cost” to be incurred. Though a number of decisions have to be taken, some decisions can be taken by ourselves and for some we are too naive to understand. That’s the time when you need a consultant to do it for you. The one that is new to you is a routine to the consultant. The cost consultant can help in many ways as he is adroit surveyor by profession and specialized as well.


The cost consultant provides the estimates and advice the cost of the project after you provide them the requirements. The estimation come after the long appraise on the projects they have executed before. They can help to define the appropriate project budget by comparing with the options already available. The initial cost advice and feasibility studies are crucial during the inception stage of the project. The cost consultants are the professional acting as cost and value assessment advisers. They will provide you an accurate and reliable information regarding the procurement.

Feasibility studies are usually done on the complex and big construction projects. The big the project, more are the complexities and the ramifications involved. The professional cost consultants, therefore, ensure the following:

• Accurate and reliable cost assessment

• Advice on the feasible and presumptive costs of construction

• Accurate initial budget cost in reference to the data and information of cost in the preceding projects making them as benchmarks

• Advice on the layout, size, materials, methods of construction and quality of the work

• Checking design meet quality and legal standards

• Advising on procurement strategies

• Assisting with the evaluation of claims.

• Litigation support


The consultant undertakes a process by which he can identify, assess and mitigate the risk involved in the project. Risk identification is a key aspect to the robust and sophisticated framework. Construction projects are always unique and risk arises from the number of sources (depends upon the complexity of the project). The cost consultant after the identifying the risk involved (future and current risks) devises a plan to manage the risks. Risk management in construction projects has been identified as a very important aspect in order to accomplish the project objectives in terms of time, cost, quality, safety and environmental sustainability. It is important to manage the risks from the early stages of the project, a knowledgeable and well-experienced consultant does it well. The very common risks include:-

• Improper estimation of cost

• Delay in the completion of project in the specified time

• Poor Scoping

• Quality concerns

• Poor safety and health measures

• Improper estimation of taxes

• Irregularities in project documentation

• Poor quality material used

• Coerce in saving time and money

• Ignoring environmental sustainability and provisions of using eco-friendly material


Once the risks are assessed and identified the process of budgeting comes into play. A budget is prepared by taking the inputs and credentials from the client. The client sets a budget according to his requirement and then is followed by the process of cost flow. The cash flow specifies when the cost will be incurred and how much they will amount to the life of the project. Predicting the cash flow is also very important in the process of budgeting as the appropriate level of funding should be available.

From preparing the estimate and bills of the quantities to the issuing of tendering documentation (for commercial purposes) and then completing the final account all is included in budgeting.

If you are planning to build your dream house or building, make sure to consult a good cost consultant professional, who will guide you in a proper way.

Street Talk

No comments present
You May Also Like
Things to Do Today to Prepare Your Business for Sale
If you’re looking to sell right away, you may not get full value, because it takes a lot of preparation to sell your business before you actually put your company on the market. Many shareholders of businesses usually wait until they are ready to sell their business to start a…
By: Faizan Yaqoob in  Business  >  Consulting   Jun 03, 2016  
  Likes: 1

5 Trending Business Strategies
So you have started your own business from scratch or have bought from a business broker, you may have noticed that many of the ideas and business strategies stay the same year after year. In the last couple of year’s technology and information has changed the landscape for business. Old…
By: Faizan Yaqoob in  Business  >  Consulting   Jun 02, 2016  
  Likes: 1

5 Best Smart Ideas For Starting Small Business In Florida
Full of travelling destinations and economic development, Florida is some of the best places to start your small business. Business starts from idea that can be unique or traditional but everyone has their modus operandi (MO). They can be your side business, home start-ups and some are that have proven…
By: Seoexpert2 in  Business  >  Consulting   Jun 02, 2016  
  Likes: 0

Art Of Designing A Construction Project!
Intelligent building systems are developed by the integration of various factors that produce a remarkable built into the environment. The most important part is to closely monitor the needs of the users by incorporating innovation. In order to accomplish the aforementioned objective it is vital to build key success factors,…
By: David Brown in  Business  >  Consulting   Jun 01, 2016  
  Likes: 0

The Marketing Strategy In the Digital Age
It takes a lot of time and passion to develop and run a successful marketing campaign that exhibit resonance with your deliberate audience. As a strategic planner, however, the development of a marketing campaign takes much more consideration and efforts. People are always searching for ways to gain the competitive…
By: Faizan Yaqoob in  Business  >  Consulting   May 31, 2016  
  Likes: 1

Securebeans Pakistan's Premier Company In IT Security
SecureBeans provides endless support in IT solutions including data loss prevention (DLP), backup software, data archiving solutions, digital forensics, digital fraud investigation, penetration testing, and much more. Being a Symantec partner, VERITAS partner, bit defender partner, and Cyberoam partner, you know they can be trusted. Endpoint Security and Management SecureBeans…
By: Rose14 in  Business  >  Consulting   May 31, 2016  
  Likes: 0

How to Finance Your Business
Financing your business in any economic climate can be very challenging, whether you're looking for funds for startup, capital to grow your business or money to hold on through the rough times. Sometimes you have to raise funds for the business that you have brought from a business broker. If…
By: Faizan Yaqoob in  Business  >  Consulting   May 30, 2016  
  Likes: 0

How Effectively Communication Takes Place Will Allow Smooth Progression Of Project!
How would you manage the visibility of a construction project? This requisite developing a value based evaluation that can identify and respond to a range of different scenarios that emerge in the implementation of a project. You need approaches that can provide quick and speedy solutions. Therefore, in order to…
By: David Brown in  Business  >  Consulting   May 28, 2016  
  Likes: 0

Steps That You Can Follow to Start A Cafe Business
Thinking of opening a coffee shop? Starting a small business cafe is like starting a restaurant. You may have less space than a restaurant and offer fewer menu items. Cafes are often open for breakfast, lunch and dinner, unlike some restaurants that only serve lunch or dinner. There is a…
By: Faizan Yaqoob in  Business  >  Consulting   May 24, 2016  
  Likes: 0

Your Engagement And Successful Marriage With An Expert!
The viability of a project establishes how the objectives would be realized. In construction projects feasibility study can uncover a range of different options as well as outline the potential limitations of the project. Each construction project is unique and demands special execution skills. Since the construction is highly interdependent…
By: David Brown in  Business  >  Consulting   May 20, 2016  
  Likes: 0

Six Ways to Increase User Traffic on Your Website
Here are 6 tips, imaginative to enhance your site and build your traffic. 1. Upgrading Content To augment visibility of website and support traffic, consolidate content-rich pursuit words that will gain your site more play in prevalent web crawlers. Since much site traffic originates from web crawlers like Google -…
By: sahar in  Business  >  Consulting   May 20, 2016  
  Likes: 0

3 Tips for Creating Innovative Website Designs
Taking on a similar mindset as a designer can be hard; however it helps when building awesome websites. Your substance and informing might be spotless leading to your innovative website design. These 3 website design solutions will help you take on a similar mindset as a designer and create abilities…
By: sahar in  Business  >  Consulting   May 17, 2016  
  Likes: 0

Why Do You Require Business Brokers for the Offer Of Your Site?
Offering a site may appear to be simple, realizing that there are a lot of excited purchasers. It is safe to say that this is truly valid? Is offering a site as straightforward as offering a telephone or contraption? Regardless of the numerous intrigued site purchasers, site offering is a…
By: Faizan Yaqoob in  Business  >  Consulting   May 16, 2016  
  Likes: 0

The Successful Launch Of Business is Dependent on You!
When setting a new venture a range of different aspects must be planned in advance. You need to develop a thorough understanding of critical factors that can enhance the scope of the launch. The support that you require comes in different forms. However you must ascertain what type of assistance…
By: David Baker in  Business  >  Consulting   May 16, 2016  
  Likes: 0

Revolutionize Your Healthcare Facility With A Lean Healthcare Japan Tour
If you’re looking for a way to streamline operations at your healthcare facility, look to Enna. Leaders in Kaizen and Lean Processes training, we can help you to obtain the training you need in order to effectively improve your operations both through any of our training packages. But even more…
By: John Robert1 in  Business  >  Consulting   May 13, 2016  
  Likes: 0

Article Views: 683    Report this Article