Region
Tver
The task of eastconsult® was to create a detailed cost estimation model for the projected construction works. We did this by developing a project-specific works breakdown database, estimating quantities from preliminary architectural drawings and investigating unit rates in accordance with the local market at the time. The model allowed the Investor and the architects to play through various cost model scenarios, and chose different materials, equipment and finishes. By application of this process, areas for significant reductions in costs were identified including the alternation of finished land levels for the project (thus creating enormous savings in earthworks). In total, savings of EUR 100 Million were identified. The results formed the basis for the Investor to apply and receive financing for the project. Moreover, employing the services of eastconsult® as the professional cost consultant for this project enabled the investor to split the project into various economically viable stages and keep borrowings to a minimum, optimizing early returns on investment and keeping the financing for the total investment on a reasonable level.