Plan & Cost Review

CBC performs plan and cost reviews of the horizontal and vertical improvements of a property. The purpose of the plan and cost review is to establish that the plans are sufficiently detailed to enable qualified, licensed sub-contractors to complete the work as intended and with a typical quantity of clarification from the design team in the form of RFI’s. The plan and cost review will also seek to determine if the proposed costs compare favorably to both the RSMeans national average guideline for projects similar in scope, design, and finish grade as well as to local regional projects that have been completed in the past twenty-four (24) months.

 

The RSMeans national average cost will be adjusted as necessary to reflect project location, project scale, project finish grade (quartile of representative projects) and the contractor’s actual percentages for general conditions and OH&P (fee) as compared to standard margins. If local regional projects similar in scope and scale and to which CBC has specific knowledge are not available, then line item components will be compared to similar component use on local regional projects in an attempt to determine if CSI division and specific component details are priced within anticipated and performed ranges.

 

The plan and cost review does not seek to identify all potential conflicts, omissions, needs for clarification or potential change orders. Rather the plan and cost review aims to predict the feasibility of the project construction schedule and proposed costs and make recommendations for increased project delivery time and an appropriate contingency amount to address reasonably anticipated cost increases resulting from change orders. The plan and cost review will NOT provide recommendations of contingency amounts related to the interpretations of the local Authorities Having Jurisdiction (AHJ) or owner directed changes in the Scope of Work. Items that are requested for the plan and cost review include but may not necessarily be limited to:

  • Full set of Civil Plans

  • Full set of Architectural Plans

  • Full set of Structural Plans

  • Full set of MEP Plans

  • Detailed proposed costs from the GC

  • Submitted and accepted bids from sub-contractors

  • Detailed Construction Schedule

  • Geotechnical Report produced within the last twelve (12) months

  • Phase I and Phase II reports

  • Construction Phasing schedule (if applicable)

  • AIA 305- Contractor Qualification Statement

  • AIA contract between Owner and Contractor

  • AIA contract between Owner and Architect

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