Convurt Engineering Services Private Limited

Types Of Budget

Financial Budget

Cost estimation is the process of developing a well-defined relationship between a cost object and its cost driver for the purpose of predicting the cost. The cost predictions are used in each of the management functions:

Benefits of Costing and Budget Management

Strategic Management:
Cost estimation is used to predict costs of alternative activities, predict financial impacts of alternative strategic choices, and to predict the costs of alternative implementation strategies.

Planning and Decision Making:
Cost estimation is used to predict costs so that management can determine the desirability of alternative options and to budget expenditures, profits, and cash flows.

Management and Operational Control:
Cost estimation is used to develop cost standards, as a basis for evaluating performance.

Product and Service Costing:
Cost estimation is used to allocate costs to products and services or to charge users for jointly incurred costs.

 

Quantity Estimation Process

• Drawings Collection
• Specification Finalization
• Quantification
• Collecting Material & Labour Rates

Steps in Preparation of Costing and Budget

Final QS Report and Budget preparation
After finalization of quantities, material and labour rate the estimation sheet will be prepared in specified format is to fulfil company’s business needs. Based on quantities, material rate and labour rate the final budget will be prepared.

Approval of Budget
After finalization of Quantities, Material and labour rate, the Estimation budget will be send to project team for verification and comments if any. Once the budget is verified by Project team then it will presented to Management for final approval.

Monitoring Budget and Cost control

• Budget tracking involves the tracking cost variation between Budget amount and actual amount.
• Budget variation beyond the contingency should be approved by competent authority.
• Approval by concerned Project Manager.
• Budget variation analysis need to be sent for approval.
• Budget variation analysis consists the reason for variation.

Project cost saving Strategies

1. Strategic sourcing : sourcing best products with competitive pricing.
2. Highly efficient and professional contractors.
3. Defining and Implementing best business process.
4. Value addition through alternate materials, working methodologies, new technology.
5. Project monitoring through daily production report by quantity based system
6. Annual business operating plan

Area wise cost saving methodology Civil Work

• Design optimisation and Value Engineering
• Use of correct Construction technology
• Competitive raw material cost saving

Finishing Work

• Sourcing directly from manufacturers
• Alternate materials usage
• Global material sourcing

MEP Work

• Design, DBR, BOQ optimisation
• Use of energy efficient equipment and process
• Incorporate latest design process and materials
• Global material sourcing

Development

• Design optimisation and Value Engineering
• Design, DBR and BOQ optimisation
• Alternate materials usage

Project Cost Optimisation Strategies

We also install/provide	Waterproofing System, Elevators & Escalators, Fire-Fighting System, HVAC System
Types of Construction Structure	Steel Frame Structures, Light Gauge Steel Construction, Concrete Frame Structures
Service Location/City	local area
No of projects done	As per reuirement
No. of Year in Business	5 year
We Can Deliver	As per reuirement
Flat Type	As per reuirement
Preferred Location	local area
Size/Area	As per reuirement
Area of the Township	As per reuirement
Approx Population	As per reuirement
Design of Penthouse	As per reuirement
Layout Plans Required	As per reuirement
Nature of Work	As per reuirement
Number of Flats	As per reuirement
Penthouse Floor	As per reuirement
Penthouse Size	As per reuirement
Property Type	As per reuirement
Remodeling Area	As per reuirement
Remodeling Place	As per reuirement
Service Required For	As per reuirement
Villa Type	As per reuirement

Residential Building Construction Service

We Can Deliver	Residential Projects, Industrial Projects, Commercial Projects
Material Procurement	Customer End
Type of Construction structure	Concrete Frame Structures, Steel Frame Structures, Light Gauge Steel Construction
We also installs	Waterproofing System, HVAC System, Fire-Fighting System
Area	All
No. of Year in Business	5 year
Service Location/City	Pune

Hotel Building Construction Service

We also install/provide	HVAC System, Waterproofing System, Fire-Fighting System
Types of Construction Structure	Steel Frame Structures, Light Gauge Steel Construction, Concrete Frame Structures
Service Location/City	local area
No of projects done	As per reuirement
No. of Year in Business	5 year
We Can Deliver	As per reuirement
Flat Type	As per reuirement
Preferred Location	local area
Size/Area	As per reuirement
Area of the Township	As per reuirement
Approx Population	As per reuirement
Design of Penthouse	As per reuirement
Layout Plans Required	As per reuirement
Nature of Work	As per reuirement
Number of Flats	As per reuirement
Penthouse Floor	As per reuirement
Penthouse Size	As per reuirement
Property Type	As per reuirement
Remodeling Area	As per reuirement
Remodeling Place	As per reuirement
Service Required For	As per reuirement
Villa Type	As per reuirement

Mall Building Construction Service