BUDGET

Budgets are developed and agreed upon early in the project planning phases and refined throughout the design phase.

KAVANAGH associates utilized a concept identified as TIC - Total Installed Costs. Each component of the overall project cost including programming, design, permitting, construction, furniture, IT and cabling, security, relocation of people and equipment and restoration/decommissioning of the exited facitlity. Each of these cost components of the overall project are identified, reviewed and evaluted for maximum value before a final project budget is compiled.

Monthly reports are prepared for tracking, cash management and forecasting. Deviations, if any, are identified immediately before it becomes a large issue.

 

COST CONTROL

KAVANAGH associates recognize there is a big difference between cost reporting and cost control. An effective cost control process helps the entire team understand the financial status of the project at any given time. Decisions will be made for the project based on the team's understanding and adherence to the cost control system being utilized. We utilize many tools in establishing the project Total installed Cost and the execution of the project.

 
   
 
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