North Construction Cost Management


cost management

	North Construction & Building Pty Ltd maintains a detailed cost reporting and forecasting system for all projects. Our management procedures for tendering, programming, and contract administration form part of our approach to risk management. Our forecasting and reporting techniques identify risk and allow us to develop strategies to quickly deal with issues. We carefully review each design for ease of building and longer-term issues such as durability of materials and potential water ingress.

Specific Problem	Potential Solution
Programme Delays
Design documentation, deliverables, approvals	Focus on critical delivery milestones for trade package documentation. Communicate milestones to project team.
Inclement weather	Stormwater management during construction. Achieve weather-tight building ASAP.
Latent or unknown conditions	Detail site investigation prior to commencement.
Productivity delays	Ensure subcontractors have adequate resources to complete project. Target critical path trades with capacity to deliver to agreed dates.
Approval delays	Set clear milestone dates and protocols for signoffs. Communication of signoff requirements.
Design and Cost Issues
Maintaining project budget	Work with project team to deliver savings where possible and develop a project contingency in the event of any client variations
Design fails to meet client expectation	Target approval sign offs at 50%, 90% and prior to AFC issue of documentation.
OH&S Issues	Implementation of North Construction & Building Pty Ltd safety plans and regular inspection by site supervisor. Ensure subcontractors comply with safe work method statements.
End User Issues
Safety for end users	Review of design for trip hazards, egress compliance, fall risks, DDA compliance.
Maintenance costs	Review of design and specifications for high risk areas for client maintenance, including stormwater management, material selection for corrosion risk, etc.