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Set realistic budget and development scenario expectations and maintain them

Whether you are planning, constructing, renovating or operating your real estate assets, you need an accurate picture of the associated costs to avoid budget overruns and unnecessary change orders.

A reliable pro forma and / or cost estimate accurately forecasts the professional, construction, and regulatory costs and timeframes for your asset in your market at the specific time you intend to acquire or develop.

That said, nothing is set in stone and managing change is a cornerstone of any development – updating and refining original financial projections throughout the asset lifecycle helps you mitigate risks while maximizing value and performance.

Support business, development and funding agreements with initial pro forma and budget strategies

While purchasing a site or considering a development, you need a reliable forecast of the cashflow variables affecting your proposed investment to make key due diligence decisions.

Partner with our team of cost consultants for initial pro forma and budget strategies based on accurate & extensive benchmark data from real, comparable completed & live projects in your market.

Maintain project budgets with regular cost management and value engineering

Details of your overall project and its components evolve and become more defined as design progresses. To stay on top of your project budget, you should regularly gauge the current design to the original budget and quantify the cost of those refined details with updated estimates.

When the market & project conditions change, you need a meticulous cost consultant on your side to help you manage your design and cost scheme with agility.

As you move towards construction, the cost estimate gives you an accurate projection that you can use to benchmark and negotiate with the construction marketplace when it comes time to break ground.

Protect your building or portfolio during operation 

Our team will review project information and the conditions on site to provide an independent estimate of the replacement cost and facility condition.

This important step will help you obtain suitable insurance coverage, inform sound capital planning practices or get fair compensation during expropriate or other proceedings.

Looking to repurpose or refresh your existing building?

We develop pro forma scenarios and evaluate sensitivity factors to help you navigate through your options. Once you establish which option to pursue, partner with us to develop and manage the costs.

Benefits of partnering with us

From a single pro forma or construction estimate through to a master planned project that spreads over decade, we have the experience on projects of all sizes and asset types, from coast to coast to coast.

Combining years of estimating and pro forma experience with lasting industry relationships, benchmark data, and top-rated software, our professional cost consultants work with you to:

  • Manage, validate and benchmark your project costs and projected cashflows
  • Manage every aspect of project cost from land to marketing, financing, construction labour, materials, timeframes, buildings systems, constructability and sustainability
  • Develop flexible & dynamic summaries with key project success metrics to keep your development plan on the right track
  • Leverage real benchmark data and top-rated industry software to get you the critical information you need

Project profiles

Project profiles

Yonge & Sheppard Centre | Toronto, Ontario

RioCan | KingSett Capital

Construction cost estimating, Pro formas, Stakeholder cost allocation, Value engineering, Project monitoring, Payment certification, Claims, Scheduling

Project profiles

Brookfield Place | Calgary, AB

The Bank of Nova Scotia (as Administrative Agent) | The Toronto Dominion Bank | Sumitomo Mitsui Banking Corporation of Canada | United Overseas Bank Limited | La Caisse Centrale Desjardins du Quebec | HSBC Bank Canada | Industrial and Commercial Bank of China (Canada) | Alberta Treasury Branches | Canadian Western Bank

Construction cost estimating, Project monitoring, Independent landlord work schedule analysis

Project profiles

Holt Renfrew Revitalization | Vancouver, BC

Holt, Renfrew & Co. 

Construction cost estimating, Project management, Procurement advisory, Scheduling, Permit management, Vendor fit-out project management

Project profiles

Dialysis Unit Upgrades | Various, Nova Scotia

Nycum & Associates (Glace Bay Hospital)
EXP Architects (Dartmouth General Hospital & Halifax Infirmary)

Construction cost estimating

Project profiles

The Well | Toronto, Ontario

RioCan REIT | Allied Properties | Woodbourne Canada | Deltera  

Cost estimating, Cost allocation, Value engineering, Payment certification, Pro formas, Scheduling

Project profiles

New Health Centre | Sanikiluaq, Nunavut

Government of Nunavut

Construction cost estimating

Project profiles

The Kerrisdale Gardens | Vancouver, British Columbia

Foreign developer

Property valuation, Highest & best use study pro forma , Cost & schedule management, Business case, Development management, Project management, Procurement management, Municipal approval management

Project profiles

Carling Campus | Ottawa, Ontario

NORR Group (prime consultant)

Construction cost estimating

Project profiles

The Bow | Calgary, Alberta

Royal Bank of Canada | The Toronto- Dominion Bank | TD Securities | The Bank of Nova Scotia | Bank of Montreal | Alberta Treasury Branches | Canadian Western Bank | H&R REIT | Matthews Development

Construction cost planning, Tender analysis, Value management, Loan monitoring, Change order management, Risk management, Delay analysis, Claims management, Tenant fit-out cost planning

Project profiles

New Aquatic Centre | East Hants, Nova Scotia

TEAL Architects on behalf of the District of East Hants

Construction cost estimating

Project profiles

Corus Quay | Toronto, Ontario

Build Toronto Inc.

Construction cost estimating, Continuous cost management

Project profiles

Ferry Terminal Renovations | Port aux Basques, Newfoundland

AE Consultants Ltd.

Construction cost estimating

Project profiles

Commercial Investment Portfolio | Greater Vancouver Area, British Columbia

B.U.K. Investments Ltd.

Replacement cost estimates for insurance purposes, Capital expenditure forecasts, Property tax assessments

Project profiles

Highway 407 East Phase 2 | Greater Toronto Area, Ontario

Infrastructure Ontario | Ministry of Transportation of Ontario

Construction cost estimating, Tolling independent certification

Project profiles

Search and Rescue Station Refurbishment | St. Anthony, Newfoundland

SNC Lavalin

Construction cost estimating

Contact a qualified expert

Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.

Connect with us

Want to learn more? Let us know what you’re interested in and one of our team members will be in touch.

Need help with more services?

Connect with us and learn how we can help you see opportunities and maximize the value of your investments.

Contact a qualified expert

Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.

Need help with more services?

Connect with us and learn how we can help you see opportunities and maximize the value of your investments.

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