info@jjrealis.com

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Projects with Our Project Management Services

Cost Management

What is Cost Consultancy Services?

Effective cost management is critical to the success of any real estate project. JJREALIS offers expert cost consultancy services to help you make informed financial decisions. Our services include:

  • Cost estimation: Providing accurate cost estimates based on project scope.
  • Budget preparation: Developing detailed project budgets.
  • Value engineering: Identifying cost-saving opportunities without compromising quality.
  • Financial reporting: Providing regular updates on financial performance.

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What is Cost Consultancy Services?

JJREALIS offers comprehensive cost consultancy services to ensure financial efficiency and effectiveness throughout your real estate project. Our services are divided into two main phases: pre-contract and post-contract.

Pre-Contract Cost Consultancy Services

During the pre-contract phase, our cost consultancy services focus on planning and preparation to ensure that your project starts on a solid financial foundation. Our pre-contract services include:
  • Cost Estimation: Providing accurate initial cost estimates based on project scope and requirements.
  • Budget Preparation: Developing detailed and realistic project budgets to guide financial planning.
  • Feasibility Studies: Conducting in-depth analyses to assess the viability and financial feasibility of the project.
  • Value Engineering: Identifying cost-saving opportunities and alternative solutions without compromising quality.
  • Tender Documentation: Preparing comprehensive tender documents, including bills of quantities, to facilitate competitive bidding.
  • Tender Evaluation: Analyzing and evaluating tenders to recommend the most cost-effective and suitable contractor.

Post-Contract Cost Consultancy Services

Once the contract is awarded and the project is underway, our post-contract cost consultancy services ensure that financial control and efficiency are maintained throughout the project lifecycle. Our post-contract services include:

  • Cost Control: Monitoring and controlling project expenditures to ensure adherence to the budget.
  • Financial Reporting: Providing regular and detailed financial reports to keep stakeholders informed of financial progress.
  • Change Management: Evaluating and managing cost implications of any changes to the project scope or specifications.
  • Interim Valuations: Conducting periodic valuations of work completed to facilitate timely and accurate payments to contractors.
  • Final Account Settlement: Preparing and agreeing on the final account, ensuring all costs are accurately accounted for and resolved.
  • Dispute Resolution: Assisting in resolving any cost-related disputes that may arise during or after the project

Accurate Budgeting and Financial Planning

Pre-contract services, such as cost estimation and budget preparation, ensure that you have a clear understanding of the financial requirements and constraints of your project from the outset. This allows for better financial planning and helps avoid unexpected costs later on.

Enhanced Project Feasibility

By conducting feasibility studies, JJREALIS assesses the viability of your project. This helps identify potential challenges and opportunities, ensuring that you make informed decisions and proceed with projects that are financially and technically feasible.

Optimized Cost Efficiency

Value engineering during the pre-contract phase identifies cost-saving opportunities and alternative solutions without compromising quality. This ensures that your project is cost-efficient from the start, maximizing value for your investment

Competitive Tendering Process

Preparing comprehensive tender documentation and evaluating tenders ensures that you receive competitive bids from contractors. This not only helps in selecting the most suitable contractor but also ensures that you get the best value for your money.

Risk Mitigation

By conducting feasibility studies, JJREALIS assesses the viability of your project. This helps identify potential challenges and opportunities, ensuring that you make informed decisions and proceed with projects that are financially and technically feasible.

Clear Project Scope and Objectives

Developing detailed project specifications and requirements during the pre-contract phase provides a clear roadmap for the project. This ensures that all stakeholders are aligned with the project goals and objectives, reducing misunderstandings and conflicts.

Informed Decision-Making

Preparing comprehensive tender documentation and evaluating tenders ensures that you receive competitive bids from contractors. This not only helps in selecting the most suitable contractor but also ensures that you get the best value for your money.

Strong Foundation for Project Execution

By addressing key aspects such as cost estimation, budget preparation, and value engineering before the contract is awarded, pre-contract services provide a strong foundation for the smooth and successful execution of the project.

Time Efficiency

Investing time in pre-contract services helps streamline the overall project timeline. By resolving potential issues and making informed decisions early on, the likelihood of delays during the construction phase is significantly reduced.
Overall, pre-contract services play a crucial role in setting the stage for a successful real estate project by ensuring financial efficiency, risk mitigation, and informed decision-making.

Development project can be divided into 4 phases

Design & Engineering

Design Review Design Process Document Control Project Cost Plan

Procurement

Pre-Qualification Bid Documentation Bid process Contract Rewards

Construction

Site Organization Construction Management Submittal Process Site Logistics

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Close-out deliverables handover

Design & Engineering

Design Review Design Process Document Control Project Cost Plan

Procurement

Pre-Qualification Bid Documentation Bid process Contract Rewards

Construction

Site Organization Construction Management Submittal Process Site Logistics

Closeout

Close-out deliverables handover

As real estate projects are often highly demanding organization-wise, without proper management, they can collapse as easily as a tower of cards. Luckily, there are plenty of ways to learn proper project management techniques that will boost your project success rate. From online courses to degrees, education in the real estate PM field is plentiful

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J J Realis was established in 2016 as a privately
held real estate company, with its headquarters
based in Mumbai and branch offices in Pune and Sangli.

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102 , Radha Sahniwas , Opp. Stick Bowl Restaurant , Uthalsar Naka , Thane (w) - 400601

+91 91529 69949

info@jjrealis.com

www.jjrealis.com