construction industry

Cost Engineering has always felt at home in the construction industry. Specific challenges that are faced by the construction industry are close to our heart, and so are the solutions. In a field that is defined by low margins and high risks, our certified cost engineers are able to put in the best of their expertise.

The classic approach to cost engineering is based on the tendering process where a price has to be given to be awarded a contract. Usually this price has been the result of a straight calculation of the prices of the parts into which the contract could be broken down. However, in reality, the profit made on a project is seldom determined as a percentage of the total that was determined by a calculation.

Right now, profit is determined by the smartest way to monitor productivity, analyze past results and limit your risk. By keeping a close eye on your productivity by developing measuring methods, you can improve your profit margins by huge factors. As a rule of thumb, a scope change during your project will result in a drop in productivity of around five percent. Figures like these are seldom included in your calculations. Our certified cost engineers know these factors and can show you how to turn that five percent into a profit.

The analysis of your past results and their comparison to your bid will allow you to carefully determine where you make your money and where you lose it. The same is true for the risks involved in your projects. After all, risks in the construction business can be a considerable percentage of your project. And it is up to you to turn that risk into as much profit as possible.

Cost Engineering knows what you are dealing with. For that reason we are offering different approaches to the construction industry. Naturally we offer our expertise through our certified cost engineers. Whether on site support is needed, or you are looking for a supporting office to improve the grip you have on your project, Cost Engineering can supply you with the support you need.

Another solution to improve your profits is the use of a software tool that can help you keep track of all facets of your awarded contracts, their results and that can help you prepare that perfect bid. For more information check out Cleopatra Enterprise and the Cost Engineering Knowledgebases which make sure you can start making a profit today.

Cost Engineering – Because as you build the future, we help you generate value.