Download - 5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22 nd October
Transcript
How Does 5D Benefit the Owner?
5D creates cost certainty by:
• Early cost decisions - more alternatives
• Cost transparency - stronger negotiation capability
• Real-time estimates - greater accuracy & less contingency
Greater accuracy & less contingency
% Change
Entire Contract:
Extensions of Time (38 No) + 57%
Variations (321 Claims) + 27%
Structural Steel Component (15%):
Extensions of Time (zero) + 0%
Variations (5 Claims) + 2%
Source: Mitchell Brandtman