One of the fundamental conditions for the success of construction investments is the accurate understanding and continuous control of costs. Realiscon’s cost management and quantity surveying (QS) services support investors in delivering projects within the planned budget, at the required quality level and in line with the intended schedule.
Drawing on our experience and a methodology refined through both domestic and international projects, we provide transparent and well-founded financial decision support throughout the entire project lifecycle.
Maximising investment value
In real estate developments, the interplay between time, cost, and quality forms the bedrock of project success. The primary objective of our cost management service is to ensure this delicate balance is consistently maintained throughout the entire development process.
Realiscon’s experts support projects with cost planning and market benchmarking based on real and up-to-date experience, including the continuous maintenance of the cost model defined at concept design stage and its adjustment where required by investor-driven changes. As a result, investors gain a clear and accurate understanding of expected costs and the financial implications of potential alternatives during the design phase.
During the design and tender phases, we examine opportunities for cost savings through value engineering, while preserving the project’s objectives and quality requirements.
Throughout the construction phase, our consultants conduct continuous cost control, monitor progress, technically and financially review deviations, and provide early indications of potential risks.
Our aim is to minimise financial risks and ensure that decisions are based on reliable data and practical experience—thereby avoiding one of the greatest threats to successful developments: unexpected costs.
Tender and contract management
The preparation of tender documentation, management of the tender process, evaluation of bids and conduct of price negotiations represent one of the most critical stages of project preparation. Our cost managers coordinate each step of the tender process and actively participate in the drafting and negotiation of contractor agreements.
This ensures that selected partners, pricing structures and contractual conditions remain aligned with the project’s business objectives.
Cost control during construction
Throughout the implementation phase, Realiscon’s QS experts continuously track actual expenditures. The financial impact of changes—such as design modifications or additional works—is quantified immediately, and financial reports are prepared at a frequency defined by the investor. This enables all decisions to be made on the basis of real, up-to-date financial data.
The objective is clear: to avoid unforeseen additional costs and to maintain a transparent, controlled financial process.
Standards – ensuring quality and sustainability objectives
Realiscon is a corporate member of the Royal Institution of Chartered Surveyors (RICS), and several of our project managers hold MRICS qualifications, ensuring strict compliance with RICS professional and ethical standards.
The application of internationally recognised standards guarantees that our advice remains independent, objective and professionally robust.
Furthermore, our experts hold LCA (Life Cycle Assessment) and LCC (Life Cycle Costing) qualifications. This allows us to consider not only construction costs, but also operational and maintenance costs, as well as the expected lifecycle of the asset.
As a result, long-term decisions can be made that are sound from financial, technical and sustainability perspectives alike.
At Realiscon, cost management is not merely calculation—it is strategic planning. Every figure is underpinned by data, experience and responsible professional judgement.
Service elements
1. Design phase
- preparation of feasibility studies
- estimation of expected construction costs based on concept design and indicative quantities of major work items
- determination and monitoring of construction costs during the design phase, including quantity checks and refinements
- development and evaluation of alternatives, proposal preparation
2. Tender phase
- preparation of tender documentation
- comparative analysis of tenders and bids, quantity verification
- consultations with tenderers regarding technical scope, pricing, alternatives and contractual terms
- comprehensive preparation of contracts and annexes, ensuring precise definition of technical scope and contractual commitments
3. Construction phase
- verification of progress payments
- review and approval of variation claims, based on contractual documentation and quantity verification
- review and approval of final accounts
- financial reporting
4. Cash flow planning
- preparation of financial schedules considering funding availability and expenditure planning
- monitoring of cash flow throughout the project
- final accounts, cost evaluation and post-project analysis
Additional Services
