Cost management


At Open Medical Consulting, we drive efficiency at every stage of our projects, constantly striking the right balance between quality and cost. Our cost management service provides independent, impartial, specialist advice on the full scope of construction costs throughout the life cycle of projects.

Open Medical Consulting adopts a modern approach to Cost management consultancy and is consistently ranked in the top 10. We engage with design teams and procure projects to achieve best possible value from construction costs, market testing a minimum of 70% of the cost plan value for real time costing on our projects.

What we do

Our cost management consultants focus on accurately predicting the capital cost of asset investment programmes and projects as well as all of the financial impacts that property or infrastructure assets have on a client’s business model – at a project’s inception, during delivery, on completion and throughout the assets’ life.

This life cost cycle approach encompasses before, during and management stages:
We bring a range of technology capabilities that help our clients address four key business situations:

  • Estimating
  • Embedded carbon modelling
  • Strategic and specific optioneering
  • Cost benchmarking
  • Cash movement management
  • Cost modelling/planning and due diligence
  • Fund monitoring
  • Risk mitigation
  • Supply chain management
  • Value analysis and value engineering
  • Procurement strategy
  • Contract selection advice
  • Monthly valuation of works
  • Change control and accounting
  • Cost management
  • Predictive and actual cost reporting
  • Payment controls and final accounting,
  • Post-implementation reviews and close-out
  • Project auditing
  • Trade contractor procurement
  • Earned value management
  • Implementation of capex/opex projects
  • Asset upgrade and component replacement
  • Long term asset management agreements
  • Insurance asset replacement valuations
  • Real estate tax planning
  • Strategic facilities management
  • Whole life cost analysis
  • Planned maintenance optioneering
  • Sustainable procurement
  • Planned asset decommissioning

How we do it

Our cost management methods of working are agile to customer requirements irrespective of industry sector and robust in quality delivery. Your ability to rely on our deliverables so you don’t tie up resources managing us is the focus of years of continuous improvement. It is why 80% of our cost management business is through repeat commissions and why we are able to offer cost certainty with confidence.

In simple terms, we operate a controlled Plan, Do, Review and Learn methodology.

All of our activities are planned and approved before they are undertaken, ensuring that the experience of qualified professionals is embedded in the output..

Tried and tested processes and procedures govern what we do in cost certainty services. Adapted for end user clients and built off clear, well thought through, proven and recognised professional practices. Our quality systems embed rigor within professional practice with teams being regularly audited to maintain compliance to this quality standard. Our team leaders and business principals are trained and experienced in maintaining focus on task deliverables, enabling the business to minimise waste and offer clients competitive rates.

A critical aspect of being a long term sustainable business is to recognise and harness continuous improvement. Our cost certainty services are no different in this regard and every service delivery project is subject to monthly review with a final review on completion. Feedback from these reviews is harnessed and shared with clients and project team members to maintain and improve our levels of performance.

Mott MacDonald operates across a large number of industry sectors and regions globally. In cost certainty we operate a best practice forum managed and maintained by a practice leader to harnesses and communicate the lessons learned from projects. This enables us to avoid waste on future projects and to showcase innovation.