Cost Management

During construction RICH ISLE offers pro-active approach to ensure that the costs are controlled within the targets set and that actual and potential variations are fully evaluated and cost at fair market rates. 

COST PLANNING 

Preparing a cost plan at concept stage as a tool for controlling, rather then reporting costs. The cost plans are updated and the level of detail increases as the design develops to inform the client both how and when funds will be required.

VALUE ENGINEERING 

RICH ISLE uses a systematic and team approach to reviewing the proposed design to critically assess both costs and value of the construction scheme as well as form and function.

ORGANIZATION AND HOLDING THE TENDERING

After strategy in project realization is chosen, there is a necessity to hold a definite number of tenders at the option of contractors and suppliers that involves preparing of bid package, its mailing and following analysis of all tenders.

PROCUREMENT 

The procurement strategy selected must be appropriate for the project. RICH ISLE expertise includes an understanding of the alternative methods of procurement, the knowledge to recommend and ability to carry out the option which represents the most suitable allocation of risk between contracting parties.

CONTROL OF EFFECTIVELY EXECUTED WORK

Employees of RICH ISLE company make periodic and final control of effectively executed amount of work in accordance with confirmed design of project.