Williams Development & Construction -
Pre-Construction Services
Costing Estimates
Williams Development & Construction, Inc. will perform up to four (4) pre-construction estimates, depending upon the quality of the drawings, the production schedule of the drawings, and the overall project schedule.
The estimates will begin as conceptual in nature and will evolve into
greater detail and precision as the project drawings develop. This will
also permit ease in alteration of the scope of the drawings and the
project.Estimates will initially begin at about 20% over actual estimated cost and will narrow that gap as the drawings approach completion. When drawings are about 60 - 70% complete Williams Development & Construction, Inc. can furnish the owner with a guaranteed maximum cost for the project. Detailed descriptions of costing methodology are included in the "Management Services" section.
Cost Savings
At your direction, Williams Development & Construction, Inc. will
undertake one of two approaches to cost savings. In the first case, we
can undertake options passively at your direction when costs need to be
reduced. This allows the architect a full range of design options. In the
second case, we can actively and on a continuous basis propose options
and alternates. Thus, when we price a particular design, we can also
simultaneously price any options to it. This second methodology
requires the owner advise us precisely of their budget, and it also
requires that the architect be an active, and accepting, participant in this
process.A number of different techniques such as life cycle costing - determining the actual cost of particular features or a piece of equipment over the life of the project - can be employed during the cost savings process to provide the owner with an accurate picture of the available options and their consequences as opposed to pure construction cost choices.
Development Management Costs
Typically, construction costs compose only 55% of actual project costs. A major oversight in the project development process is for a private or institutional owner to overlook the development of a comprehensive budget which is created specifically to cover all project hard (i.e., pure construction) and soft (i.e., not part of physical construction) costs.Williams Development & Construction, Inc. has on staff the capability and expertise to provide you with the necessary comprehensive budgets or to advise you of the components which you should include in your entire project budget process.