Cost Management

Working in a highly collaborative way with the entire design team

and applying our expertise, we can help to keep the project

on a successful path throughout the design process.

COST MANAGEMENT APPROACH

Cost Management is a highly effective process that provides cost control, ensures that the Owner’s interests are represented throughout the design process and ensures that a project is delivered to the maximum the budget will accommodate. Working closely with the Owner and Design Team, Palacio Collaborative has added as much as 20% to the value of the project (or conversely, kept the project scope/quality from being needlessly reduced by 20%).

 

Working in a highly collaborative way with the entire design team and applying our experience and expertise, we can help to keep the project on a successful path throughout the design process. We will work with client stakeholders during programming to develop estimated costs and budgets that reflect their goals for the project. We will then select the appropriate solutions based on a thorough understanding of the stated criteria and budget, continuously identify solutions which afford the greatest long-term value and whose first costs are affordable, integrate cost effective sustainable design strategies and utilize our benchmarking data on each project type. Our adherence and dedication to budgets have consistently resulted in projects which exceed client expectations.

 

List of Cost Management Services

  • Design Phase Estimating

  • Value Engineering

  • Cost Studies/Alternate Pricing

  • Contractor Estimate Review & Reconciliation

CM at Risk 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.

 

Design-Bid-Build Process

 

  • Provides alternative design option pricing that helps the Design Team navigate a course to a successful project.

  • Provides change order pricing that aids in reducing schedule slips and makes sure of the Owner.

 

Design-Build Process

 

  • Provides an independent cost estimate.

  • Provides an objective presence as the Cost Manager during the design process to make sure the project reaches optimal value to the Owner. This allows the Owner to maintain control of the scope, quality and cost of the project.

 

TESTIMONIALS

What Our Clients Are Saying

Palacio Collaborative has consistently provided solid independent costing and cost management assistance starting with the earliest programming phases.

Jim Winer, AIA, LEED AP

Principal
Make3 Architecture/Planning/Design

Michael and his staff have the proper tools, attitude, and tenacity to help move projects forward even when budgetary challenges come into view.

David McBrayer, AIA, LEED AP

Principal, Dir. of Education Studio

Lyman Davidson Dooley, Inc.

Michael and his team worked closely with us during each phase of the Chattahoochee Technical College project to keep the project budget in line while maintaining the integrity of the design.

Keita Cooper, AIA, NOMA
Former Project Manager,

Senior Associate at tvsdesign

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