Members of the public will look at a building project quite differently to a quantity surveyor. Indeed, the thought of construction cost management, estimating building cost periodically for interim valuations, and drafting of bills of quantities are distant thoughts for those who are not professionally involved in construction. Fortunately, when it comes to the valuable projects of our clients we at M Power Consulting are proficient at all levels, including commencement, and every step of the way until completion. This includes cost monitoring and timely reporting.

Cost monitoring and reporting procedures are material to ensuring that resources and expenditure have been channeled and monitored appropriately. Failure to stick to project budget planning objectives will invariably have disastrous consequences on the completion of a project. This will also result in deviation from cash-flow forecasts, and even breach of contract. Cost monitoring and reporting, features in all projects that entail construction work and the use of resources. The effective and efficient performance of these tasks is non-negotiable in order to ensure that everything on site goes smoothly from start to finish.

It is advantageous to engage a professional quantity surveyor to continually monitor each and every cost on site, compile reports and then determine whether the resources are used optimally or not. M Power Consulting is able to handle all cost monitoring and reporting requirements when it comes to the management of your project, tender or related assignment.

Estimating building cost is one important facet of construction, but unless there is a system of checks and balances, the project is vulnerable. This is because no project budget planning model in the world can account 100% for real time usage and management of resources. A reporting and management system is thus vital and must be efficiently and professionally coordinated.