What we do > Commercial and Quantum
Ensure your next project is set up for commercial success
Every project has its own complexities. The HDP team maintain the latest knowledge to ensure your project’s commercial success. From procurement to final account, our commercial expertise will help you secure that success.
You may be negotiating collateral warranties, bonds, insurance or securities. You or a funder may need cashflow or budget monitoring. With a solid foundation in quantity surveying, HDP’s experienced and approachable team can ensure accurate and concise information.
Work with our commercial team to manage contractual and commercial risks. Accurately prepare and procure contracts and conclude final account negotiations.
Commercial and Quantum services:
- Cost Planning and Procurement
- Cost Management
- Final Account Preparation
- Bank and Fund Monitoring
Cost Planning and Procurement
Often cost planning takes place against a design already sold to a client. This may lead to disappointment from “value engineering”, poor procurement or quality.
Cost planning at design stage ensures a cost plan integral to the design. Harness our knowledge to guarantee informed decisions in planning and procurement.
A clear, appropriate procurement strategy is essential when delivering a complex construction project. Accurate identification of risk and apportionment to the right teams for effective control is crucial. Manage project risks with HDP to achieve your project goals.
Bills of Quantities provide the most transparent and level playing-field in competitive tenders. We can help you produce and review Bills of Quantities under any recognised method.
Take advantage of our expertise in cost planning and procurement strategy:
- Develop an appropriate procurement strategy
- Identify risks and ensure effective apportionment
- Prepare and review your Bills of Quantities
Cost Management
Whatever the cause of change on a project, our professionals understand the importance of good cost management advice.
We’ll give you management information to make effective proactive decisions. Shifts in cash flow forecasts also help identify delays to the construction programme. Let us help you identify and manage cost risks efficiently.
Our team can provide you with sensible and practical advice:
- Accurate budget monitoring
- Make informed proactive decisions
- Identify issues or delays early
- Take action to mitigate risk
Final Account Preparation
Final account resolution can become protracted. This is particularly true where contract variations or extensions of time aren't agreed as the construction project progresses.
The process can become analytical. Problems increase when project staff are no longer available to explain events.
Let us help you negotiate final accounts to preserve and enhance commercial relationships.
Let our team analyse and negotiate your final accounts:
- Let us advise you on your position
- Enter negotiations with accurate information
- Get faster and cost-effective settlements
- Analyse variations and extension of time claims
- Avoid and manage disputes
Bank and Fund Monitoring
Banks and project funders need to have certainty their investment in construction or engineering is being well managed. We can structure a reporting system to meet funders’ requirements.
Allow us to structure a reporting system to meet your requirements. We’ll capture key performance indicators and risks. We can report in any required format, highlighting divergence from the planned works.
Working with you and your team, HDP can help safeguard projects with a full awareness of commercial risk and cost. Let our knowledgeable team help you manage risks and ensure maximum financial success. Get in touch today: ensure you’ve got the best advice on your side.
Let our project monitoring give you and your investors confidence that your project is on track:
- Get regular and accurate project monitoring
- Ensure you are meeting your funders reporting requirements
- Get early warnings when your project may be about to divert from the programme
