Sedgman Novopro Provides Reliable Cost Estimations And Project Controls

Sedgman Novopro produces project estimates that comply with the Association for the Advancement of Cost Engineering (AACE) Classes 1 to 5 for both Capital and Operating Cost Estimates. Our in-house cost estimate database facilitates the process in parallel with the procurement process for generating project specific costs.

Sedgman Novopro's estimation activities include a thorough evaluation and estimation of parameters outside of the direct equipment/material costs in order to produce a reliable estimate, consisting of items such as:

Crew rates
Installation costs
Equipment and transportation costs
Material costs
Design growth
Contingency

Sedgman Novopro’s estimates includes a thorough basis of estimation documentation providing details regarding methodology and approach for assessing the direct and indirect cost, including details such as:

Breakdown of costs
Exclusions
Exceptions
Risks and opportunities
Management reserve

We also provide Project Control services for all of our projects to track and report progress throughout the duration of our mandate to ensure the project remains on schedule and budget.

Sedgman Novopro offers the following Project Control services:

Project cost reporting and control
Commercial services, invoice verification and approval
Scheduling including milestone identification and planning
Detailed Implementation Schedule development
Manpower forecasting
Resource planning
Capital and operating cost estimation
Cash flow monitoring and projection
Commercial works including preparation of legal, commercial and technical contracts
Procurement and contract administration
Weekly and monthly financial reports

Cost Estimation and Project Control