Introduction and description of activities
The construction economist has a wide experience of the technology of the construction industry whether in building or infrastructure, and its procedures of:
- financial and budgeting control techniques
- construction law
- negotiation and conciliation skills
- communication and IT
- cost benefit analysis
- cost estimating and cost planning
- cost analysis
- measurement and appraisal.
The expertise is directed towards providing:
- Feasibility studies
- assessment of options
- risk appraisal
- financial analysis
- approximate estimating
- value for money and design/cost control
- life cycle costing and whole life cycle costs
- taxation advise
- building information modelling [BIM]
- establishing the project budget, and
- value management.
Contractual arrangements by providing early advice to clients on:
- procurement
- procurement strategies and methods
- tendering procedures
- contract documentation, and
- assessment of competitiveness.
The Construction Economist provides expertise on:
- Public Private Finance procurement
- Project co-ordination and programming
- Cost Control and value engineering
- quality control and supervision
- valuation of work in progress
- settlement of contract disputes
- transparent negotiations
- final settlement of accounts
- Advice on construction inflation and construction markets.
In addition the Construction Economist can advise on Property management by way of:
- Cost-in-use
- strategic property management
- facilities management
- preparation of service contracts
- contract arrangements and term contracts
- re-use of facilities, and
- re-development including contract arrangements, project co-ordination and project management.