Construction Feasibility and Cost Engineering ReviewsMarch 12, 2013
Cost Management and Construction Feasibility Reviews are critical components in design. Unfortunately, many design professionals and Owners don’t recognize the benefits until it is too late and their project is either shelved or undergoes a complete redesign. It is frustrating for Owner’s, Design Professionals, and even Contractors when money is spent on a design that doesn’t meet the budget. That is why a ParsCo professional is essential to the equation.
Our cost engineers participate in the program from its inception, evaluating financial considerations from the planning phase through close-out. We work with the client to ensure the program budget is based on accurate funding estimates and expected program costs. Our estimators and schedulers work together to anticipate when program milestones will be met, and what monies will be coming in and going out as a result. In addition, we regularly conduct risk and cost analyses to determine the probability that a project or effort will stay within budget.
- Order-of-magnitude/program estimates
- Conceptual estimates
- Schematic estimates
- Alternative design cost analyses
- Design development estimates
- Construction documents estimates
- Bid analyses/contract negotiations
Tiger Point Community Center
- Location: Gulf Breeze, Florida
- Cost: $1,097,000
- Square Footage: 10,388
- Client: Santa Rosa County
Project Description: STOA Architects partnered with Atkins Global to design a state-of-the-art community center and stand alone concessions for the Tiger Point community. STOA worked closely with the County to design a modern, functional, low maintenance design for the county and its residents. ParsCo provided cost engineering to assist the design team in making this beautiful design a reality for the customer.
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