Property Valuation
The correct calculation of building value of the dredging project is crucial whether calculated as a unit cost or a lump sum price. A lump sum contract or “fixed fee contract” is a traditional means of procurement in which a single “lump sum” price for all of the works is agreed upon before the works starts.
Accurate market value of your property
We offer precise property valuation services to determine the accurate market value of your property. Our valuations are based on thorough research and analysis, ensuring that you have the information you need to make informed decisions.
However, property value have specific criteria that can be both a benefit and a hindrance to a construction project.
Constructability and Budget Control
Our preconstruction experts drive best practices and lessons learned knowledge to maximize design and construction efficiencies, as well as continuous value engineering to deliver best value for lowest cost without compromising your design vision.
Cost fluctuations
The price of labor and materials can be fluid and subject to change throughout the project. Lump sum contracts generally do not account for these fluctuations, so contractors have to absorb the cost if prices rise. However, they can also realize savings if rates go down. These risks are arguably more pronounced in extended projects.
Contractors must factor in possible upward fluctuations and price the project accordingly when providing the estimate.
