Project Budget Review _ Control Developed by: Daniel J. Renna 3/16/20161
Provide Change Order Management Services at no cost if savings isn’t achieved ( Services to be provided for a portion of Shared Savings Only). Produce Annual Cost Savings of 20%. Special introductory Owner’s Representative Service discounted rates. Construction / Program Management Site Selections / Feasibility Reports Construction Cost Estimates / Audits Construction Inspections / Close-outs 3/16/20162
Our goal is to improve Project Budget Control by reviewing programs in place, established procedures and making recommendations to develop cost savings. Our target is to achieve 20% reduction in cost ‘Annual Cost Savings’. Part of this plan will include a comparison of the results in relationship to other projects managed as ‘business as usual’. 3/16/20163
Project Budget Review Project /Budget Control Cost Savings Concepts Future Program Implementation 3/16/20164 ReviewControl Cost Savings Future Programs
Current Projects in Place Review of projects and required budget / schedule milestones. Staffing Plans Review of current outsourced contingent staff in place per program. Review of construction management staffing costs vs. owner’s representative proposed plan. Established Budgets Review of approved budget, cash-flow & scorecards. Established Schedules Review of current project schedules and required milestones. 3/16/20165
Budget Control Ensure project budgets are maintained. Schedule Control Ensure project schedules & milestones are met. Bid Process Assist in RFP / bid process to ensure requirements, inclusions and clarifications are addressed prior to award and included in scope of work. Payment Requisitions Perform payment requisition review process. Ensure Clients requirements are maintained. Protect Client from potential overbilling per period and unauthorized change order billing. Close-out Process Established program in place. Ensure Close-out activities occur in a timely fashion in effort to maintain required completion dates. 3/16/20166
Staffing Plan Scope of Work Development Design Review Schedule Compliance Change Order Management OCIP Contract 3/16/20167
Facility Analysis Sq Ft Usage, Sq Ft Reduction, Energy Efficiency, Sale & Lease Options Site Selections / Feasibility Reporting Detailed Site Selection Matrix, Accurate Cost Estimating & Schedule Development Design Requirements Review Clients Design Standards, Ensure Design meets standard requirements & CAF’s and make recommendations for cost savings OCIP Program Perform analysis of cost & compliance benefit Contract Amendments Review Vendor Contracts and make recommendations for cost savings. 3/16/20168
2010 – 2011 SCHEDULE 2 nd Q REVIEW PROCESS 2 nd / 3 rd Q CONTROL PROCESS3 rd / 4 th Q COST SAVINGS PROCESS1 ST Q FUTURE PROGRAM PROCESS 3/16/20169
Modified Rate Reduction Offer for NY Metro Region: 1. Program $ per hour 2. Project $85.00 per hour 3. $70.00 per hour 4. $60.00 per hour 5. Project $35.00 per hour Shared Savings Option where services are paid based on percentage of savings created for applicable activities ( % TBD). Fee’s are based on Project Duration / Scope of Work ( Duration & Staff Plan TBD). 3/16/201610
Presentation Meeting Identify Targeted Activities Develop SOW Develop Staffing Plan Develop Fee Structure Develop / Submit Proposal Obtain Authorization to Proceed Engage Services 3/16/201611
COMMENTS / QUESTIONS: 3/16/ Submit Comments / Questions : Daniel J. Renna /