Cost Plan
When to use it:
Cost Plan 1: This is the first formal cost plan following the Order of Cost Estimate . It coincides with the completion of the Concept design. This is the point where the scope of works is now defined and key criteria specified but no detailed design has yet commenced.
Cost Plan 2: This is the second formal cost plan which coincides with the completion of Design Development. Formal Cost Plan 2 is a progression of Formal Cost Plan 1. It is developed through cost checking of the most significant cost elements as more detailed design information is made available from the design team.
Cost Plan 3: The third formal Cost Plan is based on technical designs, specifications and detailed information for construction. Formal Cost Plan 2 is a progression of formal Cost Plan 2. It is developed through further and more detailed cost checking of the most significant cost elements as detailed design approvals are given on completion of the technical design.
In the event that your project construction cost is likely to exceed £5m then please contact us for a quotation for this service.
We refer you specifically to clause 4.3 of our Terms of Sale.
In the event that your project construction cost is likely to exceed £5m then please contact us for a quotation for this service.
Scope of Service
All Cost Plans are based on recently published cost data (including from Spons, Building Cost Information Service (BCIS) and other sources). Each report includes:
- Notes of Inclusions and Exclusions
- Information Used Register
- Marked up PDF versions of Drawings used for measurement purposes
- Summary Elemental Analysis
- Priced Measured work items with descriptions
- Bench-marking carried out against comparable BCIS models
- Cash flow chart ('S' curve)
- Reconciliation to previous Cost Plans(s) (if the previous Cost Plans(s) was/were prepared by Mensura).
We will require certain information to be provided by you before we are able to start work. We will set this out in our Confirmation Email to you.
We normally aim to complete Order of Cost Estimates within two weeks of receipt of the last piece of information required, subject to workload. If you have particular delivery requirements then please insert a date for delivery in the Order form prior to checking out. Reports are delivered electronically.