Last edited 09 Sep 2020

Initial cost appraisal for design and construction

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.

Initial cost appraisals break down the overall project budget based on information provided by the client, an analysis of comparable projects and the experience of the cost consultant.

Initial cost appraisals might include:

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