Maximize your investment with real-time cost control & estimating.
Our Cost Management service isn’t just about numbers—it’s about securing your project’s financial success and ensuring every dollar contributes to your vision. With a proven track record of saving clients significantly more than our fee, our approach to cost management is an investment in your project’s effectiveness.
Through comprehensive services spanning from conception to closeout—including cost estimating, vendor selection, ongoing financial reporting, and proactive change order management—VVA ensures your project is not just managed, but masterfully executed with financial acumen that delivers beyond expectations.
We underwent an 11-month gut renovation and VVA was a brilliant and effective partner. Our project came in on time and within cost parameters, and VVA made sure we were able to maintain seamless operations so our employees could keep working. Bringing VVA into the project was the best decision we made.LeeEVP, Chief Administrative & Financial Officer, Greater New York Hospital Association
We don’t just oversee costs; we foresee potential overruns and prevent them, ensuring your budget is optimized and your project’s financial health is robust.
From the outset, our professional Quantity Surveyors dive deep into the specifics of your project, aligning meticulous cost analysis with your overarching goals and design details. Our method isn’t merely transactional; it’s a thorough, collaborative process where understanding and strategy play crucial roles.
Our in-house cost management team works seamlessly with our project managers from day one, preparing detailed take-offs and cost estimates that help steer project decisions early, when they matter most. Leveraging our extensive internal database—rich with data from completed projects and current market insights—we empower your design team and decision-makers to act with foresight, minimizing disruptive late-stage changes that can inflate costs and derail schedules.
Throughout each project, we deliver:
Cost Management Services
- Feasibility Studies & Concept Estimates
- Cost Planning/Budget Development
- Cost Benchmarking
- Cost Estimating
- Project Cost Management
- Whole Lifecycle Costing & Risk Management
- Procurement Strategy & Bid Evaluation
- Cost Control & Cash Flow Forecasting
- Change Order Management & Mitigation
- Final Account Negotiation Cost Auditing & Peer Review
Our Approach to Cost Management
- Develop an initial cost plan in collaboration with the design team, ensuring all parties agree on a realistic figure to meet the client’s requirements.
- Provide cost assessments for design options to enable fully informed client decisions.
- Benchmark costs against projects of similar nature and scope to validate estimates.
- Maintain regular and ad-hoc meetings with designers and clients to review and refine the cost plan collaboratively.
- Work closely with the project team to establish the project brief, focusing on key drivers such as cost, quality, schedule, and life cycle costings where relevant.
- Conduct value management exercises from the conceptual design stage to deliver the best value.
- Implement a strict change control process to manage and track any deviations from the approved scheme.
- Identify and review risks and opportunities at each stage, ensuring they are allocated and priced appropriately.
- Regularly review the project schedule, highlighting the relationship between time and cost in detailed cost reports.
Build your project more efficiently with VVA.
Have a project that needs expertise from project and cost management specialists? Talk to our team today.
