Cost estimating & pro formas
Cost estimating & pro formas
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
Reduce project risks and construction costs with sound procurement, contract and dispute resolution strategies.
Keep decision makers informed with insights and data from experienced development consultants.
Physical asset management
Understand the current state of your facilities and their maintenance practices so you can make asset and operation decisions.
Minimize risk and enhance control measures on infrastructure projects with impartial expert advice.
Project & loan monitoring
Get peace of mind with accurate reporting on construction progress and cash flow from an independent project monitor.
Cost Escalation Report
Accurately assess construction cost escalation by trade, for better budgeting and forecasting.
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.
Projects & success stories
Put pro formas to work to understand and manage development risks and protect your profits
Aug 14, 2019
As good as gold: opportunities for institutions to extract land value through strategic redevelopment
Jan 28, 2019
What happens next? Strategies and precautions for construction real estate developers during COVID-19
Apr 22, 2020
Stitch in time saves nine – How to use this pause in construction to save on your next development
May 12, 2020
Need help with more services?
Connect with us and learn how we can help you see opportunities and maximize the value of your investments.
Property tax management & compliance
Manage your single largest operating expense and remain compliant where you own or lease property.
Assess the market conditions affecting the demand and supply of a local commercial real estate market.
Property tax assessments & appeals
Understand the valuation parameters, legislation and tax policy that drive your property’s assessment and tax liability.
Market feasibility studies
Understand the economic viability of your development by looking at the local market forces at play.
We have been hired on behalf of all parties – including government, lawyers and property owners, and are able to back-up our appraisals with expert reports and testimony during negotiations or in the case of arbitration or litigation.
Litigation & dispute valuation
Have a property dispute? Obtain a commercial valuation for litigation, arbitration and dispute resolutions.
Get an accurate and independent understanding of the value of your property or nationwide portfolio.
Indigenous land claim property valuation
Support your reconciliation efforts with an independent valuation backed by historical data, expert opinion and testimony at negotiation meetings.