OUR APPROACH
Palacio Collaborative works successfully with our Clients by listening first. We make sure we fully understand the Client’s vision, mission, hierarchy of goals and objectives, functional needs, and preferences and tailor our services to the Owner’s interest. Our Team is built around the unique requirements of each project and we hold ourselves, staff, consultants and contractors accountable to accomplishing each task with strong leadership, proactive thinking, and effective communication.
Michael and his staff have the proper tools, attitude, and tenacity to help move projects forward even when budgetary challenges come into view.
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David McBrayer
Principal, Dir. of Education Studio
Lyman Davidson Dooley
Cost Management
Cost Management is a highly effective process that provides cost control, ensures that the Owner’s interests are represented throughout the design process, and allows the project to be delivered within budget.
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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%).
Conceptual Cost Modeling
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.
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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.
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.
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David N. Brown
Studio Director
Jericho Design Group
Palacio Collaborative unrivaled knowledge of cost management and attention to detail during the CM estimate review & reconciliation makes the whole process a pleasure
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Veronique Pryor
Principal
EYP
Estimate Review & Reconciliation
The Estimate Review & Reconciliation process is used with the CM-at-risk or design-build delivery methods to better ensure that the parallel estimates are fairly and accurately representing the design intent. At each design phase we will review, compare and reconcile our estimate with that of the contractor. The reconciliation process focuses on scope of work, finish level and pricing.
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With our collaborative approach, expertise, and attention to detail, Palacio Collaborative often adds +/-10% value to the project, or conversely keeps the project’s scope and quality level from being needlessly reduced by +/-10%, resulting in a budget-compliant project with maximized scope and design quality.
Value Engineering
Value Engineering is a process by which the project team works to provide a design that maximizes value to the Owner. This collaborative effort may start as early as the programming/conceptual phase where programmatic or building material options are studies to determine which options best meet the Owner’s goals while still maintaining budget compliance.
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Palacio Collaborative assists the team in developing the list of value engineering options as well as provide accurate and timely pricing to assist the Owner in making informed decisions.
We’re very grateful for Palacio's guidance, as their work allows us to collaborate with our clients more confidently and in ways that allow great architecture to be accomplished.
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Gregory Walker
Partner
Houser Walker Architecture