An estimate is a projection or prediction of what the actual cost will be when a given task or project is finished, based on the client’s objectives in terms of time, technical performance and cost.
Cost estimating can break or make a business. The development of accurate and useful cost estimates requires the application of particular skills, knowledge, principles, and procedures at every phase of a construction project. Many project owners enroll the services of a construction manager throughout the programming and pre-design phase for two major reasons: to conduct feasibility studies, and to provide timely cost advice. An independent construction manager can plan a preliminary cost estimate upon conclusion of the programming and plan design papers. This is helpful when the owner launches a realistic budget estimate and helps an owner establish affordability of a project. The construction manager also provides cost estimates to direct design decisions regarding the selection of materials, equipment, systems and to control architecture and engineering service fees.
For many years, one common phrases used in the office is, “Bad budgets lead to bad decisions.” In other words, if a project begins with a bad budget it will cause a client to make downstream decisions that diminish the quality of a project and increase risks. Most clients picture their projects in one of two ways. They may seek to construct a facility that serves their needs within a set budget or they may program a project to be constructed for the lowest costs. In either case, if the scope of work has not been fully defined, the project budget is likely to be too low and the project will exceed budget constraints.
However at TN Zunzanyika, we have vast experience in cost management of projects and professional industry practices, our experienced staff, they understand technical, business, regulatory and legal matters, allowing them to identify key issues quickly and find the best solutions for our clients. Our clients hire us to ensure that every aspect of their capital program or project is properly governed, well-executed and fully supported from beginning to end.
As Quantity Surveyor, we are recognized professionals in the construction industry acting as cost advisers and value consultants. We are in the position to provide initial cost advice and feasibility studies which are crucial during the project’s inception stage.
We recognize the overall importance of providing realistic cost advice and information that will benefit the client and contribute to the overall success of the proposed project.
Our initial cost advice & feasibility studies, which we provide clients with, ensure:
- • Reliable and accurate cost advice to proceed with the greatest amount of confidence
- • Advice on the viability and probable costs of construction
- • Accurate initial budget cost by reference to cost data derived from previous projects
- • Costs are weighed against aesthetics, quality, space and time, and an acceptable budget agreed
- • Advice on the most economical layout, size, materials, methods of construction and quality of the work
- • Our professionals are industry leaders who understand technical, business, regulatory and legal matters and are seasoned in giving expert cost advice on a range of matters.