Fennessy Consulting Services
Cost Management
We understand the need and provide the expertise to control cost - not merely monitor it - throughout all project phases.
PRE-CONSTRUCTION
COST PLANNING
- Prepare a cost model and budget cost plan for the project
- Establish construction budget, contingent risk profiles and cash flow projections
- Analyze alternative procurement strategies and schedule scenarios to illuminate cost impacts
- Integrate your own costs and facility life cycle projections into the cost mode
DESIGN
- Evaluate the design and construction decisions made throughout the design phases against the cost model, reconcile deviations, coordinate value management actions, and check sustainable design cost performance. Update phase estimates.
- Prepare estimates in trade format for comparison with eventual bid results.
- Perform further value studies and cost options for potential use against budget overruns or under runs upon receipt of bids.
- Re-evaluate project cost risk and refine contingency profile.
LIFE CYCLE COST STUDIES
- Perform cost-benefit studies to determine the optimum design solutions for key elements, components and systems.
INDEPENDENT COST OPINIONS
- Provide independent peer review of cost estimates provided by the design team or contractors and analyze residual cost risks.
- Act as the your representative to validate costs and maintain overall construction budget
CONSTRUCTION
- Reconcile bid documents and control estimate with contractor bids, support bid leveling negotiations.
- Provide robust change management, cost reporting and forecasting through building commissioning.
- Litigation and arbitration support.
Project Management Support
This project is yours, and you rightly need to have ownership of it, but do you have the strength in depth of resources to fully staff a project on this scale? We can support your management team with highly experienced cost consultants to support your needs.
Our project management support comprises of providing opinions of cost in relationship to payment requisitions and change management
In summary:
We provide your project management with expert cost, schedule, risk and change management resources.
- Coordinate document management and project cost reporting.
- Support vendor / contractor selection and bid management.
- Assist throughout the construction administration phase in all functions relating to construction cost..
- Review requisitions and change orders.
- Analysis the cost of construction claims.
- We provide you with financial opinions in order for you to make informed decisions.
We ensure that you and your project management team face no financial surprises!
Private Residence Renovation, Pool, & Pool House– Payment Requisition and Change Order Review
Martha's Vineyard, MA
727 Massachusetts Avenue Hotel/Retail Development
Cambridge MA
27 Glen Street, Suite 8, Stoughton, MA 02072
P: 781.344.4464, F: 781.344.4452
E: sfennessy@fennessyconsulting.com
88 Black Falcon Pier Vertical Expansion
Boston, MA