A cost plan is prepared in conjunction with the Project Team and forms a basis for a sound financial result. The plan takes into account all known requirements and makes contingency provision for unknowns. As the design develops, the plan facilitates quick decisions while maintaining overall project cost integrity.

The role of DDH in Value Management is as a facilitator – ensuring that all parties (client and consultants) achieve the desired outcome for the project without wasting funds. The process provides the opportunity to analyse and review design options in order to arrive at a ‘fit for purpose’ solution while maintaining the necessary discipline and promoting creativity.

Property Evaluation, Analysis and Cost Reporting
DDH prepare quantities for tendering based on a completed set of coordinated contract documents. This enables an accurate tender preparation which is the key to cost stability throughout the construction phase.

Bills of Quantities
A Bill of Quantities will provide a standard basis for all tenders ensuring an ‘apples with apples’ comparison. When each tenderer provides their own schedule of quantities, the client cannot be sure that the tenders are being compared on the same basis. When the client provides a Bill of Quantities, there is less risk of the tenderer under quoting which leads to costly problems during the project. The Bill also assists in document coordination, contract administration, cost control and preparation of taxation depreciation schedules.

Cash Flow Forecasting
Cash flow forecasting can be provided to monitor actual progress claim valuations against the Cost Plan.

Variation Management
Poor management of variations can lead to project failure and financial disaster for clients. This can be avoided by the setting up of proven project structures and delivery systems. DDH will set in place a procedure for successfully valuing, analysing, and managing changes to the works.

On a regular basis DDH will provide a cost report formatted to satisfy monitoring and control needs of senior management. These financial cost reports show works completed, expenditure, variations and predicted end cost.