Tech-Cost Consultants Ltd.’s corporate project experience includes an expansive history dealing in both public and private business processes. Tech-Cost has been consulted with regard to many aspects of the development and implementation of residential, institutional, commercial, and industrial capital projects.
At Tech-Cost, our goal is the delivery of effective professional cost management services to support our clients in the continuous management and control of capital costs with a focus on delivering services tailored to their needs. TCCL takes pride that our personnel maintain high standards of professionalism, technical competence and personal integrity in all aspects of their work.
Below is an overview of the services and solutions TCCL provides. At TCCL, we have been serving Western Canada since 1982 and aim to provide the same convenient, quality service that has made us a leader in the Constriction Cost consulting and Quantity Surveying industry..
FEASIBILITY STUDIES/PROGRAM PLANNING
Budget or Conceptual estimates are detailed elemental cost estimates from conceptual design sketches, often required in the initial design of a project. From this estimate a realistic budget can be established, and an existing budget can be checked quickly. Budget estimating is especially useful for borderline projects when limited by a strict budget.
MORTGAGE MONITORING AND CASH FLOW FORECASTING
Mortgage Monitoring, normally employed by financial institutions, is directed toward the valuation of construction. Before such valuations commence, a control estimate is formulated based upon detailed working drawings. The control estimate, or pre-tender elemental breakdown of the project, is then further formulated into a trade breakdown of the project, and is then compared to the contractual agreements.
After comparison and analysis of the agreement typically described as the Initial Budgetary Review, a monthly system of progress draws is established. The monthly valuations are assessed after site inspections and discussions with contractors, consultants and design team. In addition, change notices, variations to contracts, cash flow, and overpayment are noted and accounted for.
Our involvement has included:
Generally assist and advise clients for user, code and program requirements. Involvement at all levels of planning to establish facility requirements for each specific project. At the commencement of building program, approximate costs have to be estimated to determine whether a project is feasible. Establish initial budget at planning stage.
FACILITY CONDITION EVALUATING
Project Financial (mortgage) Monitoring
Life cycle costing
Business case development
building capital reverse fund analysis
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Cost planning provides elemental cost estimates, consisting of material quantities, unit rates and construction costs. It is probably one of the most widely used methods of pre-contract costing. Initially, there is involvement with the Engineer/Architect and the Design Team. Cost Planning provides the opportunity for the Owner and Engineer/Architect to make necessary adjustments at different stages of the project.