Project Costs

The project costs will be controlled through a planned series of budgets and estimates, timed or phased with the progression of the project.

This process begins with a preliminary budget, using the most current design information available and Matteson-Hudson's data bank of historical project costs for industrial projects. We will build in contingencies consistent with the quality of the initial input.

This budget will be refined with the design development, as often as dictated by the budget constraints or as requested by the owner.

The budget would be finalized using the results of the package bid process. We will work with the architect in developing combined bids or alternate bids when and where it would enhance the project or provide more options to the owner.

The project budget will then become the project cost, and those costs kept current with regard to value engineering and changes in scope. Cash flow projections are provided with the progress schedule.

Project Cost Control

Matteson-Hudson utilizes computerized estimating systems to develop initial budgets from conceptual ideas and follows through with progressively detailed budgets during design development, to full line item estimates from completed construction documents. This allows the owner and architect to be aware of and involved in accurate budget projections through out each phase of the design. If budgets are tight, this advance knowledge allows the design team to either make adjustments or generate alternates, or both, in advance of bidding.

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