Cost Consultancy - A partner in managing costs

Cost Consultancy - A partner in managing costs
 

Cost Consultancy as a service encompasses cost estimating, cost management, the production of bid and contract documents, the financial administration of building contracts and dispute resolution.

A full fledged construction cost consultancy service comprising quantity surveying, feasibility studies, cost planning, value engineering and cost option studies.

Cost consultants can devise and manage the procurement process, bench marking costs against other projects.

Cost Consultancy @ Masters

Masters also undertakes assignments of cost management and monitoring of the project to ensure that the project is being developed to the client’s Requirements within the best value proposition, quality parameters and budget. Masters’ cost management team establishes an effective centralized cost management and change monitoring system for all stakeholders in the project.

Pre-Contract Cost Advice and Cost Management

Masters believes that an initial budgetary assessment of the project puts into perspective its long-term feasibility. We can undertake this by providing a well-defined cost/benefit determination based upon the preliminary design proposals. Our cost management teams meticulously gauge feasibility by working closely with our design, engineering and contracting experts to prepare an accurate cost plan and cash flow that includes not only assumptions of forward purchases of materials and equipment but also reflects upon the comparative costs of alternatives of designs, materials and methods and that can be employed to alter the existing cost indications. As the project advances, it is closely monitored to take into account all sizable cost changes that are incurred on account of alterations in design, contractual adjustments and budgetary modifications.

Tendering and Documentation

In addition to Pre-Contract Cost Advice and Management, we help our clients in tendering and documentation. Our contractual experts help in selecting the most efficient building contract partners to work on your project, administer the tendering procedures along with preparing and executing all required documentation in consultation with engineers, designers as well as your legal and insurance advisors.

Post Contract Cost Control and Monitoring

Masters’ cost management team provides project cost control and administrative services based on assessments and forecasts of expenditure and final cost including cost checks and costs of variations on a regular basis. Our Cost Managers keep you updated by providing monthly cost reports that help in the development of progressive cost plans that are reflective upon assessments and forecasts of expenditure and also facilitate revisions of cash flow, thus ensuring rigorous monitoring of project expenditure.

Post Contract Financial Management

As your Client Representative, Masters represents your best interest in interactions with contractors, major sub contractors and all other consultants. Our cost managers prepare monthly cost plans, which include valuations and progress payments for contractors, materials and overheads along with final cost reports prior to closeout.

The presentation of final accounts to the clients incorporates all financial concerns of the project, including but not limited to the monetary impact of project delays, prolongation claims and acceleration costs and the final resolution contractual claims.

Some of our Cost Consultancy Projects are as under:

- Runwal Eupharia, Pune

- Runwal Greens, Mumbai

- HBS Office, Mumbai

- The Imperial, Mumbai

- Novotel, Mumbai

Know more about Cost Consultancy services India by contacting us at - 

Head Office:

Masters Management India Private Limited
New Udyog Mandir,
Kamanwala Chambers No.2,
Unit No. 7, Ground Floor,
Mugal Road, Mahim (West),
Mumbai - 400 016
Phone : +91 22 64567600

Project Management as the Client's Representative

Project Management as the Client's Representative

As Client’s Representative, a PMC (Project Management Consultant) provides comprehensive management and coordination of all project activities at all stages of development; starting from pre-development, pre-construction, development & construction and post-construction.

The primary role of a Client's Representative is to ensure that all stakeholders discharge their responsibilities in a manner that serves the Client's overall interest. Acting as an extension of the Client, Client’s Representative monitors and coordinates the efforts of all members of the Project Team in order to enable  to achieve maximum value for each dollar spent by the Client.

Design and Construction Projects typically require the services of a team of professional consultants and the work of construction contractors and other vendors, all of whom work as associates on the project. Each associate of the project team has responsibility only for their particular expertise. No architect, consultant, contractor or vendor shares the Client's comprehensive scope of interest, with the exception of the Client's Representative, role of which is undertaken by MASTERS.

We at MASTERS, with our technical and managerial expertise plan and direct the project team towards success.

Our proactive approach encourages designers, consultants, contractors and vendors to work together to achieve the Client’s quality, cost and schedule objectives. By building positive working relationships among the project team members, we facilitate timely resolution of the problems and conflicts that are intrinsic to the design and construction process.

Our documentation system creates a thorough and complete project record. Starting with an initial project plan that articulates the project scope, schedule and budget parameters, we create a series of clear and concise reports that monitor and track all project activities. We use these documents as management tools for the project team, as a means to communicate project progress and as components of the permanent project record. 

We adapt the type and level of our services to fit the unique needs and requirements of each client.

Our Client's Representative assignments range from comprehensive management services throughout all project phases to specific tasks of short duration. 

Masters provides following range of services, individually or in any combination; as per Client’s requirements:

•     Development solutions
•     Design services
•     Project Management
•     Cost Consultancy & Quantity Surveying
•     Allied services

We have a proven track record of assisting our clients to achieve substantial reductions in construction costs without sacrificing construction quality.

 

About Masters PMC

Masters is a leading Project Management company providing end-to-end solutions to the Construction Industry using the best of global standards and practices with primary focus on Real Estate sector.

Since its inception in 2004, the Company has evolved as a one-stop-shop service provider, offering a range of services to its Clients taking the project from start to finish – ranging from assisting them during pre-development stages to feasibility analysis, pre-construction and construction & installation management services to all the way to a successful close out. In addition, Masters also specializes in Cost Consultancy and Design Development (Architectural as well as MEP) through their in-house team. Besides, Masters also offers Programme & Process Review Services and Quality, Cost & Safety Audit/ Monitoring Services and is well equipped to offer range of Development solutions (like turnkey, design & build, construction management at risk) to its Clients.

To know more about Project Management as Client's Representative for Construction projects in India, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com