CONCEPTUAL COST MODELING + GENESYS® TOOL
When it comes to establishing a project budget or reconciling a budget and scope of work, there tends to be a rather small margin of error. A difference of as little as 10% can lead to a very frustrating and costly (both in profit and reputation) design process.
To assist the owner and design team in developing accurate project budgets and initiate a successful Target Value Design process, it is recommended to develop a Conceptual Cost Model during the Programming or Pre-design phase. Palacio Collaborative developed a proprietary tool, Genesys®, to help with this process. With as little as a building program and site parameters, our tool is able to study a myriad of program, scope, finish, and quality alternatives to quickly show the cost impact, most of which can be done in real-time.
With our highly experienced senior staff, Genesys® tool, and ample historical data, we have helped our clients through the Target Value Design process to put hundreds of projects onto a path of success.
Conceptual Cost Modeling Process
Works with the Owner, Design Team and Contractor to ensure optimal project scope for the budget.
Provides Independent Cost Estimate.
Represents the Owner during Contractor Estimate Review and Reconciliation.
Provides alternative pricing and leads the Value Engineering effort to minimize loss of scope and quality and redesign.
For the programming process to be responsive to project budgets, we need a cost estimating platform that is responsive to changing criteria. Palacio's Genesys cost modeling tool is just that; quick and adaptable.
Flynn Finderup Architects
When it comes to establishing a solid cost model for a project, Palacio’s has been and continues to be a huge resource for us.
David N. Brown
Jericho Design Group
We were recently requested during a client presentation to develop a scope of work that represented an almost 50% reduction of the existing budget, we offered to immediately tackle this. Palacio's Genesys tool was able to accomplish this in about an hour, live, with the client, before we left the meeting. Their willingness and capabilities to provide real-time onsite cost modeling and concept scenarios is remarkable.
SGA | NarmourWright Design