The external Cost Manager shall further develop the cost estimates in line with the design brief. They shall set cost limits based on benchmarking for each design option and produce a feasibility estimate which includes but is not limited to:

  1. Introduction
  2. Executive summary
  3. Financial summary
  4. Key assumptions and exclusions
  5. Benchmarking comparison
  6. Value engineering opportunities
  7. Initial life cycle opportunities
  8. Key risks
  9. Procurement strategy
  10. Programme
  11. Next steps
  12. Appendices:
    a. Elemental cost plan (including insurances and confirmed level of VAT)
    b. Schedule of areas
    c. Basis of estimate

Initial estimate of costs (Stage 0)


Cost Manager


Feasibility estimate