Pre-Contract Cost ManagementPre-Contract Cost Management is the process of estimating, controlling, and analyzing project costs before signing the contract. It ensures accurate budgeting, financial planning, and value for money during the design and tender stages.
Pre-Contract Cost Management
1-Procurement strategy advice
We advise on the best procurement andtendering options based on Employer’s priorities.There are many procurement routes such asTraditional, Design and Build, Construction Management and Management Contracting. Similarly for tendering, either singlestage or two stage tendering. Open tender, selective tender or negotiated tender. Selecting the appropriatestrategy will increase the value for money.
2-Assistance in feasibility studiesusing Order of Cost Estimates
We set a realistic cost limit for yourdevelopment to help in the feasibility study and to be the reference forassessing the design during different design stages.
Pre-Contract Cost Management
3-Cost planning throughout thedesign development as part of pre-contract cost control
We set approval gateways for each designstage e.g.concept, schematic and detailed design. After each stage, we prepare a formalcost plan and raise any concerns or value engineering ideas to avoid surprisesafter receiving tender returns from the contractors.
4-BoQs Preparation and Pre-TenderEstimates
The preparation of accurate pricingdocument to be the basis of tender assessment and post contract cost managementcan prevent significant waste and disputes. For example, a comprehensive Billof Quantities (BoQ) will give an accurate Pre Tender Estimate to support afinal go/not go decision and will be the basis of accurate valuations of theinterim payments and variations
5-Tendering and Tender ReturnAnalysis
We assist you throughout the tendering process starting frompre-qualification process and Invitations to expressions of interest, until thefinal tender report and recommendation
Contact Us
+966 56 364 3093
ahmed.elhalouty@valueup.partners
Saudi Council of Engineers Registration Number : 5100004547
National Number and Commercial Registration : 7051360993
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