Target cost & Management Solutions' proposed methodology is structured to control the cost and thus enhancing the success of the project and thereby increasing Client's satisfaction.Target cost & Management Solutions will be accountable for ensuring that the allocated financial resources are used appropriately to complete the project.

A variety of stakeholders will be involved including the Client, project managers, policy makers, administrators, financial advisors, accountants and legal advisors, designers, contractors, specialty consultants, tenants and social groups. We will work to understand and respect the project goals and requirements of each of the team members, while focusing on completing the project within budget.

Target cost & Management Solutions will put in place the necessary resources to ensure that interests of the Client are protected at every stage and that a superior quality project is delivered.The following is a detailed list of activities included in the cost management system by stages:


  • Attend project coordination meetings with the Client, Consultants and project stakeholders
  • Identify all project stakeholders
  • Prepare detailed Project budget and outline return on investment assessment
  • Provide and maintain project cash flow for work packages
  • Prepare a cost estimate during the design stage
  • Participate in value engineering sessions and provide comments and recommendations
  • Participate setting criteria to prequalify contractors
  • Establish cost control program and cash flow for construction stage
  • Negotiate works contracts


  • Attend all project coordination meetings
  • Review construction documents for constructability, bid ability, and coordination
  • Provide advice on alternatives to systems and procedures to improve schedule or reduce budget
  • Prepare independent cost estimates at project milestones including detailed work sheets
  • Advise and assist the client on developing pre-qualification criteria
  • Provide Monthly Cost Schedule reports


  • Provide comments and advice on the tender schedule and tender packages
  • Review final tender documents and make recommendations on bid-ability
  • Provide advice, assistance and recommendation on the pre-qualification criteria
  • Assist the client as requested in bid analysis
  • Provide the client with cost information, as requested, prior to negotiations with any bidders
  • Provide advice on any packages that are required to be re-tendered


  • Submit monthly written budget reports
  • Review change notices/variation orders and forward independent estimates to the Client
  • Maintain detailed log of changes
  • Recommend payment of Contractor invoices
  • Assist in the resolution of disputes
  • Manage and maintain record of changes and anticipated changes to the project


  • Prepare post construction evaluation and cost analysis report
  • Establish the certification of total performance
  • Produce a final financial report on the project
  • Specific activities that will be performed during the execution of the above listed services will entail a detailed cost control plan.