Cost Planning

Cost planning and estimation is key to a project’s success. For each project, MLC will prepare a cost management control document which is designed to establish cost-effective ways to realise a project’s desired outcomes in terms of timeline and budget throughout all phases of the project’s lifecycle.

In preparation of this document, MLC will do an estimation of costs, conduct comparative cost studies, look for cost-effective solutions and materials, assess risk factors and advise on selection of companies tendering to participate in the project.

Once established, MLC will collaborate with all project team members, architects, engineers, builders, suppliers, designers, consultants etc. to agree-upon and sign-off on the document, thereby keeping the team accountable to the approved project budget.