Cost planning & estimation
Cost planning & estimation
Create cost certainty at every stage of design development
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.
An accurate cost plan, presented in a clear and informative format, allows for well-informed decisions to be made. Proactively manage all modifications and additional provisions to allow for the most effective use of capital and identify whether or not funds are being applied in a logical way. Cost control during the design process and throughout procurement and construction will ensure that the budget is maintained to completion.
We provide clients with accurate projections of construction cost, the best possible value for money and strategies to mitigate risk.
Support business, development and funding agreements with initial cost estimates
While purchasing a site or considering a development, you need a reliable cost estimate to make key due diligence decisions.
Partner with our team of cost consultants for initial cost estimates and budget strategies based on accurate and extensive benchmark data from real, comparable, completed and 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 market and 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.
Looking to repurpose or refresh your existing building?
We develop a feasibility study 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.
Budget & feasibility studies
Establish financial feasibility and cost clarity on your property development project with an accurate feasibility study.
Drive success at every stage of development with expert advice, market insights and data
Stay on top of cost risk and budget overruns with sound monitoring of construction contracts.
Bank & loan monitoring
Get peace of mind with accurate reporting on construction progress and cash flow with bank monitoring services.
Property tax depreciation
Maximise tax deductions with a comprehensive property tax depreciation schedule
Quantity Surveying Vietnam
Professional services advising on a range of cost consulting and project management services
Combustible cladding rectification
Obtain compliance, ensure safety and protect the value of your asset with combustible cladding rectification
Contact a qualified professional
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.
Our workView All
Why building quality matters
2 Oct, 2019
Building quality is as important as safety – and we need to start taking it as seriously.
Top three BIM trends driving development in 2019
16 May, 2019
The days of 2D drawings are over, as the digital era brings with it 3D building information models that deliver bottom-line benefits.
Is Your Project Feasibility Actually Feasible?
28 Feb, 2019
So what really makes a development project feasible? We discuss balancing risk and reward.
Regional Snapshot: Australia – Real Estate Development Trends Report
28 Nov, 2018
How the Australian Property Development Industry is responding to disruption and rapidly changing market pressures.
Navigating NSW’s new Security of Payments regime
3 Dec, 2019
Key considerations when it comes to changes to the Security of Payments Act in NSW (SOPA).
How to make an early stage development budget, and stick to it
11 Dec, 2019
Here are some simple ways to create a project budget, and stick to it from expert Quantity Surveyors.
Altus Group Announces the Promotion of David Lockie to Director, Cost Management
4 Mar, 2020
Altus Group announces new Director, Cost Management in Melbourne office.
Construction contract answers during the COVID-19 pandemic
18 Apr, 2020
Answers to help developers navigate the current and potential impacts of the coronavirus pandemic on active construction projects
Building right the first time, every time
1 Apr, 2020
A new culture of quality can deliver direct benefits to the construction industry’s bottom line and restore the community’s confidence.
Combustible cladding: What you need to know
30 Aug, 2019
We discuss combustible cladding - implications for the the industry and the rectification process.
Development finances and project risk during COVID-19
4 Apr, 2020
Property developers and investors need to prepare for an increased level of reporting to lenders to address development finances and project risk during COVID-19
Three steps to safe and socially distant building sites
7 Apr, 2020
Industry groups and unions have joined forces in unprecedented cooperation to ensure control measures minimise the spread of COVID-19.
Top five tips to claim maximum tax depreciation deductions
11 May, 2020
Gain a better understanding of potential claims and boost your cash flow with our top five tips on property tax depreciation.
Reinvent and recover: Is now the right time for hospitality refurbishments?
25 May, 2020
Is now the right time for a hospitality refurbishment? We discuss how you can prepare for the 'next normal'.
Guide | Finding the value engineering ‘sweet spot’
30 Jun, 2020
Value engineering is commonly misunderstood. We explore what it means to engineer value and how it can benefit your next project.
A call to expand our quest for building quality
4 Aug, 2020
Reforms are essential - but what will it take to drive real change when it comes to building quality across the industry?
Infrastructure investment: Balancing best bang for buck with the need for speed
24 Aug, 2020
Learning from the past to deliver assets that stimulate the economy and optimise expenditure.
Is data your competitive advantage or productivity sinkhole?
28 Sep, 2020
We explore how companies are taking steps to close the sinkhole and capture the competitive advantage hidden in their data.
Early warnings signs that a development project is in distress
28 Sep, 2020
As Covid-19 upends our economy, some projects will fail to complete. So how can you identify the early warning signs?
Investment opportunities to come ‘thick and fast’ mid-2021
1 Nov, 2020
Niall McSweeney sits down with The Urban Developer to discuss the findings from our 2020 Global Property Development Trends Report.
Counting the costs: How to better manage cost escalation on your next project
9 Nov, 2020
Some experts believe costs will rise, while others argue costs are likely to fall. Who is right? The answer is both. The question of when is most important.
Altus Group partners with the Property Council of Australia to support industry education
8 Feb, 2021
We are pleased to announce our 2021 partnership with the Property Council of Australia.
Modular building construction: Has its time finally come?
14 Feb, 2021
Modular. Prefab. DfMA. Off-site construction. We unpack the advantages, constraints and how stakeholders can move forward while mitigating risk.
Global players bank on Build-to-Rent boom
28 Feb, 2021
Global property players are preparing for the build-to-rent boom as pent-up demand and low interest rates push the asset class forward
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