Detailed Project Estimating and Value Engineering

PH&C identifies and gathers pricing for value-engineering options, so scope decisions are made before the project goes to bid.

An estimate lists the work and puts a price on each line. Value engineering is what you do when the total comes in above the budget. PH&C has the ability to identify value engineering opportunities to explore if requested.

What PH&C handles

Quantity-based estimates that follow the drawings, with site work, building, and tenant improvements priced separately.
Allowances and unit prices for conditions that are not yet known, such as rock, unsuitable soils, and utility conflicts.
Contingency identified by risk instead of buried in a single percentage.
Independent review of the architect’s and contractor’s pricing.
Value-engineering options priced line by line, with the effect on schedule, quality, and operating cost noted.
Re-pricing at each design milestone.

What you get

A clear picture of what drives the total and which items are firm.
Alternatives you can accept or decline, each with a dollar amount and a stated trade-off.
An estimate that matches the bid form, which makes bids easier to compare later.
Fewer cost surprises during procurement and construction.

How it connects

Early numbers come from an opinion of probable cost. Detailed pricing is tested against your pro forma and budget. Once the contract is signed, contract and budget management tracks cost month by month. If the drawings and the budget no longer agree, contact PH&C.