Cost plans for construction projects - Revision history

Designing Buildings at 07:36, 10 March 2023

2023-03-10T07:36:52Z

← Older revision		Revision as of 07:36, 10 March 2023
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−	[[File:Money-~~gf11680f3b 1280~~.jpg]]	+	[[File:Money-gf11680f3b_1280.jpg\|link=File:Money-gf11680f3b_1280.jpg]]

	= What are cost plans? =		= What are cost plans? =
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	* Cost monitoring.		* Cost monitoring.
	* Cost of building.		* Cost of building.
		+	* Cross estimating method.
	* Elemental cost plan.		* Elemental cost plan.
	* Estimate.		* Estimate.

Designing Buildings at 07:42, 27 December 2022

2022-12-27T07:42:24Z

← Older revision		Revision as of 07:42, 27 December 2022
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−	Cost plans are generally prepared by cost consultants (often quantity surveyors). They evolve through the life of the project, developing in detail and accuracy as more information becomes available about the nature of the design, and then actual prices are provided by ~~specialist contractors, contractors and~~ suppliers:	+	[[File:Money-gf11680f3b 1280.jpg]]
		+
		+	= What are cost plans? =
		+
		+	Cost plans are generally prepared by cost consultants (often quantity surveyors), and provide a snapshot of the likely costs associated with construction works. They evolve through the life of the project, developing in detail and accuracy as more information becomes available about the nature of the design, and then actual prices are provided by suppliers.
		+
		+	= What are the different types of cost plan? =
		+
		+	Starting with initial appraisals at the beginning of a project and evolving through to the final account, the range of types of cost plan that might be prepared on a project include:

	* Initial cost appraisal (studies of options prepared during the feasibility study stage).		* Initial cost appraisal (studies of options prepared during the feasibility study stage).
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	* Final account (agreed during the defects liability period).		* Final account (agreed during the defects liability period).

−	than initial cost appraisals, these all relate to the construction cost of the project (rather than wider project costs that the client might incur, which could include; fees, equipment costs, ~~[[Furniture_fixtures_and_equipment_FF%26E\|~~furniture]], the cost of moving staff, contracts outside of the main works, and so on). It is important that the client makes clear what costs should be ~~monitored by the~~ cost ~~consultant~~ and what will remain within the control of the client organisation.	+	= What is included in cost plans? =
		+
		+	Other than initial cost appraisals, these all relate to the construction cost of the project (rather than wider project costs that the client might incur, which could include; fees, equipment costs, furniture, the cost of moving staff, contracts outside of the main works, and so on). It is important that the client makes clear what costs should be included in cost plans and what will remain within the control of the client organisation.

	Initial cost appraisals are carried out without the benefit of a design for the project. They include client costs that may not feature in later cost plans and as a result will almost certainly need input from the client's finance director or financial advisers.		Initial cost appraisals are carried out without the benefit of a design for the project. They include client costs that may not feature in later cost plans and as a result will almost certainly need input from the client's finance director or financial advisers.

	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.
		+
		+	= Sources of other information about cost plans =

	Articles about cost plans and cost control on Designing Buildings include:		Articles about cost plans and cost control on Designing Buildings include:
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	* Cost monitoring.		* Cost monitoring.
	* Cost of building.		* Cost of building.
−	* Cost overruns.
−	* Cost-benefit analysis.
	* Elemental cost plan.		* Elemental cost plan.
	* Estimate.		* Estimate.
−	* Estimator.
	* Final account.		* Final account.
	* Initial cost appraisal.		* Initial cost appraisal.
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	* Order of cost estimate.		* Order of cost estimate.
	* Outturn cost.		* Outturn cost.
−	* Overheads.
	* Pre-tender estimate.		* Pre-tender estimate.
−	* Spon's Price Book.
	* Stage 2 cost plan.		* Stage 2 cost plan.
	* Stage 3 cost plan.		* Stage 3 cost plan.

Designing Buildings at 09:42, 29 June 2022

2022-06-29T09:42:47Z

← Older revision		Revision as of 09:42, 29 June 2022
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	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.
−
−	~~[[File:DBWCTA_C_link_cost_estimating_tool.jpg\|link=https://hubs.la/H0Vf77d0]]~~

	Articles about cost plans and cost control on Designing Buildings include:		Articles about cost plans and cost control on Designing Buildings include:

90.200.211.69 at 18:54, 10 May 2022

2022-05-10T18:54:12Z

← Older revision		Revision as of 18:54, 10 May 2022
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	* Final account (agreed during the defects liability period).		* Final account (agreed during the defects liability period).

−	~~Other~~ than initial cost appraisals, these all relate to the construction cost of the project (rather than wider project costs that the client might incur, which could include; fees, equipment costs, [[Furniture_fixtures_and_equipment_FF%26E\|furniture]], the cost of moving staff, contracts outside of the main works, and so on). It is important that the client makes clear what costs should be monitored by the cost consultant and what will remain within the control of the client organisation.	+	than initial cost appraisals, these all relate to the construction cost of the project (rather than wider project costs that the client might incur, which could include; fees, equipment costs, [[Furniture_fixtures_and_equipment_FF%26E\|furniture]], the cost of moving staff, contracts outside of the main works, and so on). It is important that the client makes clear what costs should be monitored by the cost consultant and what will remain within the control of the client organisation.

	Initial cost appraisals are carried out without the benefit of a design for the project. They include client costs that may not feature in later cost plans and as a result will almost certainly need input from the client's finance director or financial advisers.		Initial cost appraisals are carried out without the benefit of a design for the project. They include client costs that may not feature in later cost plans and as a result will almost certainly need input from the client's finance director or financial advisers.

Designing Buildings at 08:49, 14 March 2022

2022-03-14T08:49:00Z

← Older revision		Revision as of 08:49, 14 March 2022
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	[[File:DBWCTA_C_link_cost_estimating_tool.jpg\|link=https://hubs.la/H0Vf77d0]]		[[File:DBWCTA_C_link_cost_estimating_tool.jpg\|link=https://hubs.la/H0Vf77d0]]

−	~~= Related articles~~ on Designing Buildings =	+	Articles about cost plans and cost control on Designing Buildings include:

−	* Accruals.
−	* All-in rates.
	* Approximate quantities cost plan.		* Approximate quantities cost plan.
−	* BCIS.
−	* BCIS elements.
	* Bills of quantities.		* Bills of quantities.
	* Budget.		* Budget.
−	* Building society.
	* Business plan.		* Business plan.
−	* Capital.	+	* Cash flow.
−	* Cash flow ~~statement.~~	+
−	* Common arrangement of work sections.	+
	* Contract sum.		* Contract sum.
	* Contract sum analysis.		* Contract sum analysis.
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	* Cost control.		* Cost control.
	* Cost engineering.		* Cost engineering.
−	* Cost exercises.
−	* Cost information.
−	* Cost management techniques used to monitor the cost of construction projects.
	* Cost monitoring.		* Cost monitoring.
	* Cost of building.		* Cost of building.
	* Cost overruns.		* Cost overruns.
−	* Cost-benefit analysis ~~in construction.~~	+	* Cost-benefit analysis.
−	* Design economics.	+
−	* Difference between cost plan and budget.	+
	* Elemental cost plan.		* Elemental cost plan.
	* Estimate.		* Estimate.
	* Estimator.		* Estimator.
	* Final account.		* Final account.
−	* Forecast period.
−	* Front-loaded costs.
	* Initial cost appraisal.		* Initial cost appraisal.
−	* Market value.
	* Measurement.		* Measurement.
	* New Rules of Measurement.		* New Rules of Measurement.
−	* Operational unit rate.
	* Order of cost estimate.		* Order of cost estimate.
	* Outturn cost.		* Outturn cost.
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	* Tender cost.		* Tender cost.
	* Tender pricing document.		* Tender pricing document.
−	* Top down and bottom up estimating.
−	* Trade credit insurance.
	* Whole-life costs.		* Whole-life costs.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Project_Knowledge]] [[Category:Cost_/_business_planning]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Project_Knowledge]] [[Category:Cost_/_business_planning]]

Editor at 12:15, 26 November 2021

2021-11-26T12:15:49Z

← Older revision		Revision as of 12:15, 26 November 2021
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	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.

−	[[File:~~DBWCTA C link cost estimating tool~~.jpg\|link=https://hubs.la/H0Vf77d0]]	+	[[File:DBWCTA_C_link_cost_estimating_tool.jpg\|link=https://hubs.la/H0Vf77d0]]

−	= Related articles =	+	= Related articles on Designing Buildings =

	* Accruals.		* Accruals.
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	* Cost exercises.		* Cost exercises.
	* Cost information.		* Cost information.
		+	* Cost management techniques used to monitor the cost of construction projects.
	* Cost monitoring.		* Cost monitoring.
	* Cost of building.		* Cost of building.

Designing Buildings at 10:49, 20 September 2021

2021-09-20T10:49:57Z

← Older revision		Revision as of 10:49, 20 September 2021
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	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.
		+
		+	[[File:DBWCTA C link cost estimating tool.jpg\|link=https://hubs.la/H0Vf77d0]]

	= Related articles =		= Related articles =

Designing Buildings at 10:35, 20 September 2021

2021-09-20T10:35:07Z

← Older revision		Revision as of 10:35, 20 September 2021
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	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.

−	~~{{:Deltek_CTA_setup}}~~	+	= Related articles =
−		+
−	= Related articles ~~on Designing Buildings Wiki~~ =	+

	* Accruals.		* Accruals.

Designing Buildings at 10:11, 20 July 2021

2021-07-20T10:11:59Z

← Older revision		Revision as of 10:11, 20 July 2021
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	Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.		Once the initial cost appraisal is completed, the client will decide the scope of costs that will in future be monitored by the cost consultant and those that will be monitored and controlled by the client organisation.
		+
		+	{{:Deltek_CTA_setup}}

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 16:06, 16 June 2021

2021-06-16T16:06:39Z

← Older revision		Revision as of 16:06, 16 June 2021
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	* Cost overruns.		* Cost overruns.
	* Cost-benefit analysis in construction.		* Cost-benefit analysis in construction.
		+	* Design economics.
	* Difference between cost plan and budget.		* Difference between cost plan and budget.
	* Elemental cost plan.		* Elemental cost plan.