Cost management is fundamental to the success of your capital investment and at every stage you need rigorous cost control systems in place.

We help you protect your investment by establishing an affordable budget that meets your aspirations, then managing costs throughout the whole process, from design and procurement to the construction of your building project. We do this thanks to the expertise of our team. All of our projects are actively partner-led, giving you the benefit of our most experienced people.

As a result, we have acquired a large number of blue chip clients, many referrals and a high level of repeat business.

Cost Consultancy

Cost planning and cost control are key to the success of any built project: early cost planning adds significant value while robust cost control throughout the entire project lifecycle ensures expenditure and cash flow forecasts match funds available.

Our skilled surveyors are adept at providing reliable cost forecasts for any type of project, across a wide range of sectors. It means programme time is reduced, no adverse issues emerge at the tender stage and cost certainty is introduced as early as possible.

Likewise, our surveyors ensure costs are carefully managed throughout the project by monitoring and negotiating variations; monitoring and managing cash flow, payments on account, and valuations; regular financial reporting; final account preparation; negotiation and sign-off.

Through robust cost planning and rigid cost control, we ensure the risk of programme delays and cost overruns are minimised.

Risk Management

Effective risk management is crucial in today's complex building environment. So it’s important to seek advice early to minimise the impact of risk on your construction project.

Our technical specialists offer advanced risk management services to enable you to fully understand your exposure to risk and give you a decision-making framework that will help enhance the overall performance of the project. Often working from the development management stage we devise risk management strategies that balance return and investment.

Our processes improve stakeholder confidence while minimising the number of disputes and claims made and ensure that building programmes meet budgetary, quality and time objectives. Ultimately, of course, they improve profitability and give you a greater return on your investment.

Project audits, due diligence, monitoring and expert witness

Project Audits
The examination and confirmation of construction costs is a fundamental part of the audit process.

Our highly skilled team carry out a detailed analysis of the construction contract and can advise you of any time, cost or quality risks or weaknesses, and the most effective way to reduce significant risks.

This service ensures your investment in the development project is protected.

Due Diligence
Every project must be subject to due diligence to ensure interests are protected.

We use our technical knowledge and a robust, proven process to ensure we give you impartial due diligence advice by reviewing all the financial, contractual, construction and operational aspects of a project, which can impact on its immediate and long-term performance.

It’s this expertise that enables us to see potential problems, then recommend a comprehensive solution to address them.

Monitoring
Property developments require rigorous investment monitoring.

We have an extensive track record liaising with financial institutions and third party advisors to carry out careful project monitoring. And every project benefits from the active participation of one of our senior managers whose extensive experience ensures a timely, responsive and effective monitoring service is delivered.

By actively recognising and monitoring risk throughout the project, we safeguard the security of your investment. It’s why we’re appointed by some of the UK’s major development lenders.

Expert Witness
We appreciate that projects don’t always run smoothly. Which is why we have a nominated in-house advisor who is able to advise on dispute avoidance and resolution options, risks and likely outcomes.

We work with some of the leading legal advisors to provide advice and professional services appropriate to each dispute, whether it's due to be decided by expert determination, adjudication, arbitration or litigation.

By providing insight, accurate information and practical recommendations, issues can be resolved in a timely manner.

Engineering Cost Management

With engineering services on modern buildings costing up to 40% of the total fit-out - due to new technologies, environmental considerations, and an increase in legislation - building projects increasingly need sophisticated and informed cost advice.

We have a wealth of experience when it comes to establishing accurate construction budgets; in identifying best value options; and in implementing measures that mitigate the cost of change. All of this is done against a background of delivering effective sustainability outcomes and in consideration of whole life cost.

Our cost engineering management services bring you cost certainty, risk reduction and claims avoidance. As a result, we have an exceptional track record on building long-term client relationships and winning repeat business.

Procurement

Sound procurement advice that’s knowledgeable, informed and industry specific - and helps you make informed business decisions that increase the value of your investment - is key to the success of any project.

We have extensive experience in all procurement methods and excel in procurement strategy. Plus, we understand how your development and business objectives are interlinked. It means we can advise you on specific procurement processes: drafting, tailoring and amending contracts in conjunction with legal advisors for specific projects; advising on procurement and contract strategy; and interpreting standard forms.

In addition, our risk mitigation skills are well-known, so we’re often asked to support our clients' procurement departments with bulk buying initiatives, in support of their roll-out programmes.

Mike Hazelton Partner of Henry Riley