Cost Management

MPL have an extremely strong team of commercial and cost managers with decades of experience in all aspects of construction.  Cost managers play a pivotal role in the financial and contract management of any construction project and in the strategic planning of any capital or estates strategy.  MPL have provided expert project and strategic cost planning at all levels from complex mechanical and electrical take off’s for equipment replacement through to replacement of whole hospitals.

From the outset of the project it is absolutely vital that the project budget is realistic robust and achievable.  MPL have been amassing cost data for over 5 years (over £300,000,000 of costs) and have been actively benchmarking construction costs throughout the construction industry.  We constantly update the database and ensure that using our method of Detailed Cost Planning we can accurately cost manage the entire project from initial feasibility to final account, ensuring that your project stays on budget, or if the unthinkable happens, prepare and plan for an overspend.  We comprehensively report upon risk, commitment, cash flow, earned value, out-turn and commercial exposure to enable you to make the right decisions at the right time.

We use state of the art software including RIPAC and Dimension to help us cost manage the projects and enables us to maintain an accurate cost data base against actual real life close match projects to produce a tailored cost management service for your project. All of our data has been carefully extracted from current tender returns and placed within our RIPAC data base.  All of our customers have access to our database of costs which provides: –

• The ability to benchmark cost performance of projects for audit purposes (at every stage of their project).
• Accurate out turn cost estimates – even at feasibility stage.
• Quantum assessments for variation assessment or resolution of disputes.
• An invaluable value management tool.
• The ability to provide value for money solutions procured quickly and cost effectively.

We have cost management and contract administration experience of all forms of IChemE, FIDIC, NEC, JCT, ICE, GC Works, and bespoke government contracts from around the world.

When you are ready to have a chat then just press the link below and we’ll see how we can help!