5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22 nd October.

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Presentation transcript:

5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22 nd October

How Does 5D Benefit the Owner? 5D creates cost certainty by: Early cost decisions - more alternatives Cost transparency - stronger negotiation capability Real-time estimates - greater accuracy & less contingency

More alternatives & stronger negotiations Source: Mitchell Brandtman

Greater accuracy & less contingency % Change Entire Contract: Extensions of Time (38 No)+ 57% Variations (321 Claims)+ 27% Structural Steel Component (15%): Extensions of Time (zero)+ 0% Variations (5 Claims)+ 2% Source: Mitchell Brandtman

What Does Successful 5D Require? Successful 5D requires: Leadership: wisdom & know how Plan: process, behaviour & technology Source: Mitchell Brandtman