Who does Forecasting and Reporting?
On larger Building Projects, Forecasting and Reporting is usually done by Cost Consultants such as Quantity Surveyors and Estimators.
They give advice and provide estimates on the Cost of the Building Project.
This involves linking the Building Project Program and Budget to the Current Expenditure and making sure that there are no Cost overruns. Being able to predict Cash Flow through-out the Building Project is essential to always having the right amount of funding and appropriate drawdown capabilities available when required.
The size and complexity of the Building Project, normally determines the detail of Forecasting and Reporting and the level of experience of the Cost Consultant that will be required.
Cost Consultants are skilled at evaluating Value for Money, whilst establishing Cost Plans and Cash Flow Projections.
For the Forecasting and Reporting to be as accurate and smooth as possible, it is important that experienced and qualified Building Cost Consultants are used, such as Quantity Surveyors and Estimators.
If you have a Building Project that requires a Cost Consultant for Forecasting and Reporting, tell us what type of Building it is and we will find appropriate Quantity Surveyors or Estimators for you.
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It can save you lots of money, time and effort.