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Pre Design Services

The amount of money and time spent during this stage of the project will ultimately transform in to big savings realized during construction.Read More

Architectural Design

A typical project will be headed by an Architect or a Domain Specialist. He will be supported by a team of engineering specialists having different skill-sets which complements, and at times compete with each other.Read More

Structural Design

Theoretically, a structure is a system of connected parts used to support a load, and structural design is the application of fixed and repetitive mathematical formulae. In practice, it is not as simple as it seems.Read More

Civil Engineering Design

Modern civil engineering designs calls for immediate impact and long-term relevance to meet the twin challenges of change and growth.Read More

Electrical Engineering Design

Electrical design and consultation is a specialist job and a demanding profession which requires skills, domain expertise and adequate understanding of governing rules and regulations like IEC & IER etc.Read More

MEP Systems Design

When thoughtfully designed, mechanical utilities and services normally get unnoticed while providing security and comfort to the occupants of the building.Read More

Fire Protection Engineering

Loss of life and property due to fire has the potential to break a business. Therefore,fire protection strategies must go beyond the ‘minimum requirements’ specified in the codes and standards.Read More

Public Health Engineering

According to a latest survey, 40% of the estate management companies claim that the problems arising out of plumbing system failures is one of their major challenges.Read More

Building Service Engineering

Building services makes a building come to life and represent significant planning and cost factor of any project.Read More

Building Information Modelling

Building Information Modelling is all about creating a virtual prototype which will become a reference for design and construction.Read More

Procurement Management

A sound design needs to be supported with a sound procurement strategy in order to achieve project objectives in totality.Read More

Project Management

Project management is a high-impact, cost and time sensitive service which is critical to the success of every project.Read More

Contract Administration

Contract administration is at the core of any successful project and programme management strategy which requires significant design intent, intimate knowledge of the project and continued support throughout the project life cycle.Read More

Commercial Services

BESTEN assist commercial and industrial property owners by carrying out survey during acquisition, occupation and disposal of the property. Read More

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Project Charter

Project Cost Estimate

 

How much will this project cost? Are we on budget? These are the most frequently asked questions during a project review.

Being on budget is achieved by two steps, first being Cost Targeting and the second being Cost Controlling.

Cost targeting

During the earlier phase of project discussions between Besten design professionals and the client, a reasonable cost expectation is fixed in the form of a budget along with the functional requirements of the project.

During all phases of design development Besten design professionals shall keep in front the target cost, and adjust the size, scale, form and functional specifications of the project to ensure that the cost is always within agreed limits.

Cost Controlling

During the detailing of the project, key components shall be constantly monitored, reviewed and adjusted to fall within the budget. At the same time, it needs to be ensured that the project quality is never compromised and distinctive size and form of the project is not disturbed.

Cost controlling is a complex process which will be affected by various factors like inflation, economical and political reasons, environmental and weather conditions, complexity of construction, method of project delivery, lack of clarity or change in scope of work etc.

Besten cost professionals have the option of getting assistance from in-house or external cost consultants, quantity surveyors or have discussions with reputed contractors and vendors to get reliable information on the cost of the key components of the project.

Cost Estimation

Even though the project cost estimate and budget is prepared in the initial stage of the project, refinement of the same will happen at various stages of engineering design and detailing. There are no hard and fast rules to decide on the number of steps to be followed for preparation and refinement of the cost estimate of a project. But most projects shall have the following minimum 4 steps of estimate preparation and refinement.

At each stages of estimation, the details of the project increases with a correspondent increase in the accuracy of the estimate and decrease in contingencies. A variance report also shall be submitted by Besten along with the estimate clearly showing what changed and why it is changed from previous estimates.

In all estimates starting from the first estimate to the final, the total expected construction costs shall be reflected regardless of what is detailed.

Class ‘D’ Estimate

This is the first ever estimate prepared for a project and is characterised by an accuracy level of ± 30%. The cost assessment is based on initial information regarding functional requirements, comparative cost of similar projects already completed etc.

Class ‘C’ Estimate

This estimate is normally prepared after the conceptualisation of the project and is characterised by an accuracy of ±20%. This is still a rough estimate of the project based on the agreed functional requirements, size and form of the project.

Class ‘B’ Estimate

This estimate is characterised by and accuracy level of ± 10% and is normally prepared after the completion of schematic design phase and the detailed design has progressed to sufficient stage to estimate break up costs of various components of the project.

Class ‘A’ Estimate

This shall be the most accurate estimate of a project cost and shall be characterised by an accuracy of 5%. This estimate is prepared after detailed engineering process is completed and complete details of the project are available, prior to tendering process.

Other Pre-Construction Services

Contact us to know more details about our Services.

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