Preliminary Estimate / Feasibility Studies Preliminary estimates provide an indication of the possible cost of a project at an early stage. In a feasibility study, PQS provide a Stage A estimate based on concept drawings or sketches to confirm the project costing. The estimate is based on area studies of the project and application of rates appropriate to the natural usage of the space. The Stage A cost plan provides a low cost basis for deciding whether to proceed further, redesign or reconsider the scope of the project to match the defined budget. Some projects may require several Stage A estimates before proceeding to detailed cost planning. Cost Planning Reports The cost planning report offers comprehensive information for the proposed design. This report indicates to the clients and financiers the materials, quantities, rates and associated costs of the project. PQS offer three stages in cost planning services. A Stage B Cost Plan can be prepared from preliminary documentation such as floor plans and elevations. At this stage, assumptions are made after discussions with the client and consultants. A Stage C Cost Plan requires further input from consultants such as structural and services engineers. A Stage D Cost Plan is prepared using tender documentation. All cost plans prepared by PQS provide cost checks, cost statements, comparative cost studies and advice on modification in documentation.  Assessing Costs Cost Reporting is of benefit to every party involved in a project. Risk management is of prime importance to clients, contractors and financial partners, and a regular analysis of project costs and identification of cost risks are imperative for monitoring the project. A cost plan provides continuing comparisons of the impact that market trends, and expected trends, will have on a project. PQS produce cost analysis documentation for projects in order to monitor and control the financial aspects, and to avoid unexpected costs. Value Management/Value Engineering Value Management is the process by which PQS liaise with the designers and clients in order to optimize the benefits and value for a project. We assist our clients and financiers in analysing and reviewing the proposed design of a project and its specific functional requirements. This ensures the final project design meets all requirements, and that no funds are wasted. PQS undertake this task as part of the cost planning procedure. In the case of a cost plan exceeding client expectations, PQS identify the causes and assist in the process of determining whether the budget, scope or design requires revision.
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