Cost Engineering

Anvelo offers the comprehensive capabilities and deep industry knowledge necessary to help you make a decision on the most complex issues of your education, business or project. Since inception in 2016, our project management and contracts management consultants have been working smart and we’re proud to share our knowledge with the industry to promote “Better Contracting.”

Cost Engineering Services

Experience

At Anvelo, we are backed by a team of experienced professionals dedicated to successful outcomes. Our experience with claims, project management, commercial and contract management issues, and other similar issues is second to none.

Industry Knowledge

Our experienced and independent professionals are highly qualified, industry recognised professionals with varied experience throughout the industry.

Efficiency

Working with our team can help make your decision making process much more simple. With accurate data to work with, your team will be able to control expenditures and lower resource waste.

Why choose Anvelo for cost engineering?

Anvelo deals with all aspects of contract management. The construction cost consultants at Anvelo are not simply working with theoretical numbers with estimates and project cost engineering. Each consultant has experience and expertise in the full gamut of contract management services. This allows us to more accurately predict and estimate costs. We know what to account for and have experience with understanding the likelihood of various scenarios that can occur in construction projects of all sizes.

Working with our team can help make your decision making process much more simple. With accurate data to work with, your team will be able to control expenditures and lower resource waste. Cost engineering isn’t just about lowering costs – it is also about helping the decision-making process so that you can efficiently decide which route to take in a given project. Even though every project is different and unique, our team has worked with a very wide array of projects across industries including transport, mining and construction. This experience can be utilised in construction cost consulting for your project.

What is cost engineering?

Cost engineering is the engineering practice devoted to the management of project costs. It provides you with an early overview of cost associated with engineering decisions and risks involved in the project. For every project, resources like money are limited and need to be used wisely. We provide a real commitment to maximising return on investment for your project.

We will help you establish project viability with a clear, robust baseline and optimise cost performance throughout the project lifecycle. With our true independent advice we help you find the best solutions to your problems.

A cost engineer would help you make the right decisions by utilising thorough cost engineering practices. Cost engineering can help you manage the costs involved in any project including construction projects. The right cost engineering can help you lower your company’s overall expenses. This can help you keep more cash in hand ready to be invested or used in other ways. We use a perfect mix of the latest tools and software for cost engineering.

What are the benefits of cost engineering?

The benefits of cost engineering should not be understated. The added value of estimating and managing costs in any major project is significant. This process helps mitigate and avoid unexpected situations. It also allows management to plan effectively.

Through applying our engineering skills and knowledge, we can help you by creating a project development plan or forecast. This can predict the project progress and can help spot the deviations at an early stage. To understand and analyse the deviations in the project design, we try to understand how other parameters will be affected. It is also vital to understand the impact of change in these parameters on the rest of the project design and planning.

Cost management Process

Define and Measure Resources

Resources can only be managed properly if they are measured and defined at the start of the project in the early stages. The define and measure process starts by gathering knowledge and learnings gained from reviewing previous projects. This information can then be used to find risks and produce cost estimations. Risk estimates are a good way to get a clear understanding of the threats that a project might incur. At the early stages of the project these estimations can vary substantially, but as the definition of project scope becomes more clear the accuracy of these estimates improves.

Resource Control

With the project scope defined and the resources allocated, the project now needs to control the resources. A cost engineer will not only track deviations from the baseline but also try and prevent future deviations. Their job is to look for the right indicators and spot deviations at an early stage. Once these deviations are found they need to be analysed to find possible solutions. This helps the project manager to make the right decisions with the use of given information.

Improvements based on findings and learnings

Like every other project we need to look at the mistakes and try to learn from them. All the learning from a mistake should be incorporated into the working methods and communicated clearly so that these can be prevented in the future. This is a part of the change management process and requires regular training to learn the latest best practises in the industry. With the use of the best cost management tools and softwares all the learnings can then be incorporated into the project to prevent future disasters.

What can we do for you?

At Anvelo, we provide a variety of services including:

Design and measure resources
Resource control
Improvements based on findings and learnings
Help you understand project costs and commercial risks
Help you improve cost efficiency across the project lifecycle
To help improve collaboration within the team
Real time cost data management
Real time insights from live data
Drive value into your business case
Maximise your return on investment

This is in addition to the following cost engineering services:

Cost auditing and assurance
Cost benchmarking
Cost control
Cost estimating
Cost planning and engineering
Procurement
Value engineering
Whole life costing

Get in touch now for a Fee Proposal for your matter

Anvelo follows the best industry practices when advising and promoting Civil, Construction & Infrastructure industries, projects and methods. Our experienced and independent professionals are highly qualified, industry recognised professionals with varied experience throughout the industry.