STE-Consultas

Project requirement:

The budget is the project manager’s principal tool for identifying,

monitoring and controlling project costs. It must include every cost

associated with the project’s delivery. Cost control begins when the

project budget is confirmed and ends when the project is delivered.

STE’s response:

STE is committed to project delivery within budget. We have achieved excellent results using an integrated cost control log to monitor and report project financial information for facility projects.
This document reports budget allocations, projected cost estimates and contracted commitments, together with contract details. Information from the cost control log is readily exported for both reporting and analysis purposes. It is updated continuously and used as a baseline reference for contemplated changes in scope.
Cost control and design management are inseparable. It is during design that costs are most easily controlled. After the design is complete, contract documents prepared and tenders called, only cutbacks offer opportunities for serious cost reductions. At that point, even within a construction management environment, cost control is largely limited to managing change orders and contingencies.
The STE project manager will closely monitor development of the design through concept, design development and working drawing phases. The Executive Director will be advised of the cost impact of alternative proposals and provided with information on alternative design concepts.