Cost Planning

1. Define the project cost boundaries and pricing basis.
2. Separate construction, enabling work and other allowances.
3. Compare options and major cost drivers.
4. Update the plan as surveys and design progress.
5. Track approved changes against the current budget.

Distinguish an early allowance, a developed estimate and an agreed quotation. Each reflects a different level of information. Cost plans should identify what is included, the price date and the assumptions behind uncertain items. RICS explains its structured cost measurement framework.

Bring the intended work, preferred finishes, available funds and any quotations already received. Confirm whether the budget must also cover design, approvals, furniture or equipment beyond the construction work.

1. Establish the scope and cost boundaries.
2. Build the initial allowances and identify key uncertainties.
3. Compare options on a consistent basis.
4. Update quantities and prices as the design develops.
5. Track procurement and approved changes against the plan.

Occupied work, difficult access and repeated setup can add cost even where the visible alteration is small. Describe those conditions before comparing quotations.

A useful plan explains the construction scope, relevant fees and approvals, enabling works, equipment allowances and contingency. It also identifies tax treatment and price assumptions for the client to confirm. Value decisions should preserve the required performance rather than simply deleting unpriced interfaces.

At completion, reconcile the agreed work and changes with the final account arrangements. Keep a clear record of additions and omissions so the owner can understand the final cost.

Managing agents need comparable options for owners. Education needs phased investment budgets. Retail estates need common specifications and local cost differences visible. Explore the full sector range to connect the project with the premises and its users.

We work across the recorded North East England coverage area, including Newcastle, Gateshead, Sunderland, Durham and the wider Northumberland, Tyne and Wear, County Durham and Teesside locations. Find your area in the locations directory and include the full property address when discussing the project.

Surveys, design development, selected products and delivery conditions add information. The cost plan should show why an allowance changed and which uncertainty has been resolved.

No. It should reflect the actual uncertainties and project stage. Concealed condition and incomplete design need different treatment from a fully defined straightforward task.

Compare the same scope, quantities, finishes, access arrangements and completion requirements. Identify exclusions and allowances before treating one total as cheaper.

No. A cheaper option can increase maintenance, replacement or operating costs. Compare the effect on the required outcome as well as the initial price.

Read refurbishment budgeting and what a refurbishment scope should include to establish a consistent pricing brief.

Continue with Surveys and Feasibility, Capital Works, Project Management. Browse all projects, services, maintenance, sectors and locations.

Send the proposed work, available budget and any drawings or quotations. Explain which costs need to be included in the total. Contact Black & White Property Services.