Leveraging a comprehensive range of multidisciplinary strengths, including substantial expertise in structural engineering, the construction consulting project management teams at Egis implement cost management practices that keep cost escalation in check. We carefully monitor schedules and budgets, working on behalf of the client in a cost-conscious manner.
Cost Management and Construction Monitoring
Construction projects are growing more complex by the day, and all too often, cost estimates fall short of actual costs. This cost escalation can be attributed to a number of factors, including material price increases, labour demands, increased health and safety practices, additional environmental regulations, unexpected delays, and more.
Egis offers the following full-scale management and construction monitoring services:
Payment Certification: Proper payment management reduces errors, mitigates risk and saves time.
Pro-forma Budget Review: The financial feasibility of a project is determined by analyzing income and expenses during a preliminary budget review.
Project Loan Monitoring: Loan monitoring protects the lender relationship by minimizing risk exposure in the administration of a loan. In addition to conducting project budget management, supporting documentation and reports must be submitted relating to schedules, cash flow, contracts, bonds, and insurance.
Project Schedule Review: Detailed schedules are essential and should be monitored and reviewed on a continuous basis. Project timelines help determine budgets and resources, track progress and provide necessary documentation should construction disputes arise.