Cost Management is an essential component to CM. From the very beginning of the planning to completion of the project, we establishe a cost plan for design work, suggests preliminary contract budget for procurement work and carry out cost estimation and payment works.
Otak Japan’s cost management service is not limited to providing general cost plan and cost estimation but also includes budget forecast per staged works, providing of alternative cost plans and early elimination of cost related risk elements allowing Client to control the project securely and with transparency.
The key to success is cost management from the initial stage of the project. Since the weighted value of the opportunity cost at the planning stage far exceeds than that in any other stage, early involvement of cost management can be critical to success.
We, Otak Japan, analyze and control the cash flow throughout every stage of the project to ensure its’ completion within budget, ultimately, assisting Client in accurate decision making per stages.