FCDO Services »What we offer »Cost management

Cost management

Effective financial control for projects, for maximum return on investment

Benefits

  • Maximum ROI

    Achieve maximum return on investment in your projects

  • End-to-end management

    Effectively manage your costs through the entire project lifecycle

  • Broad expertise

    All types of procurement and contracts covered

  • Global government support

    Our diverse team has experience of working on public sector projects worldwide

Our cost management experts provide an entire-lifecycle service to manage the costs of your project effectively. We help you achieve the best-value solutions for your projects.

Our highly qualified team has extensive experience of delivering construction projects of all sizes worldwide. Recent projects range in value from tens of thousands to tens of millions of pounds – from guardhouse and secure construction to building new embassies and restoring heritage buildings.

We offer procurement advice to suit all customer needs. We have extensive government procurement experience – for both UK and other governments. This includes high-value tenders listed in the Official Journal of the European Union.

How cost management works

Project kick-off

At the start of a project, our cost management team will:

  • provide initial budget costs
  • advise on options and feasibility

Once you’ve agreed an option for your project, our quantity surveyor (QS) team will develop a cost plan, working with the project manager and design team. We update the cost plan at each stage through to tender, supported by expert advice on costings and a risk register.

Tender and procurement

At the tender stage, our QS team prepares contract documents for inviting tenders. We handle the whole tender process, identifying and prequalifying potential bidders, evaluating tenders and making recommendations.

We prepare documentation for all types of procurement:

  • design and build
  • specification and drawings
  • lump-sum contracts (where the project price is agreed before work starts)
  • re-measurable contracts (where the project price may change)

We also prepare:

  • schedules of rates (setting out the rates that contractors will use to price the work)
  • bills of quantities (setting out specific amounts of work needed on a project)
  • pricing documents

Contract administration

Once a successful contractor is appointed, our QS team will administer the contract, whatever its type.

We provide full financial management, including:

  • preparing interim valuations and final accounts
  • change management
  • cost reporting
  • financial forecasts
  • value engineering

We’ll continue to advise you on contractual matters throughout the works until handover. We’ll also conclude the final account with the contractor.

Our service to you

As experts working in government, we understand the need to achieve best value. We also ensure that your security, quality and sustainability requirements are met.

Our cost management experts are embedded within a professional services team of architects, engineers, project managers and interior designers. These integrated services mean we can provide pragmatic solutions, helping you achieve maximum return on investment in projects.

Our quantity surveyors are all members of the Royal Institution of Chartered Surveyors. They work to the highest professional standards, undergoing continuous professional development.

Our years of building project experience around the world means we’ve built up highly accurate cost data. Our team has existing relationships with contractors and construction professionals worldwide.

  • Project management

    Ensuring your construction, security and IT projects are completed to the highest standards, on time and within budget

  • Building projects

    We design, construct and maintain secure buildings around the world