Professional Documents
Culture Documents
Cost Planning at A Glance
Cost Planning at A Glance
*CarryoutduringDesignStage(PreContractStage)
*SystematicApproachtokeeptheprojectwithin'AllocatedBudget'
*Mainlythereare2methods;Elemental&ComparativeMethod
UsingElementalMethod
*AsperRIBAplanofwork;
Incept'n Feasibility OutlineProposal SchemeDesign DetailDesign etc.
OutlineCostPlan(Using
FinalCostChecking
PreliminaryCost CostAnalysis&OtherCost WhenDesignimproves,Specification&
(KnownasEngineer's
Estimate Data(currentmarket Drawingsaredeveloped.Then;
Estimation)
rate),etc.)
PrepareCostLimits(Cost
DetailedCostPlan/Reduce%of
Targets),Include
FixBudget contingenciessinceaccuracyofthe FinalCostPlan
Contingenciesforthe
information(QTY&Spec.)
elements1015%
*GiveRiskRegisterCostPlanispreparedbasedonwhichinformation,NotconsideranyfutureLegislationChanges&AuthorityFees,etc.
n
*IncludeInflationTherearefewMethods;(a)Indices(b)Inf.Amount=(1+i) 1(c)Contingencies(Note:'a'isnotpracticingUAE)
*ExclusionsLandCost,AuthorityFeesandanyCostduetoLitigationchanges,etc.
*ConsultancyFeeApp.37%fromtheConstructionCosts