Cost Management
Delivered in Accordance with RICS Global Professional Standards
Structured by RIBA Plan of Work | Informed by APM Project Controls
Enabling informed decisions and unlocking long-term value
At B Five Project Consultants Ltd, cost management is not just about controlling expenditure—it’s about enabling informed decisions, protecting financial integrity, and unlocking long-term value.
Our approach is rooted in the globally recognized standards of the Royal Institution of Chartered Surveyors (RICS), the Association for Project Management (APM), and the Royal Institute of British Architects (RIBA).
We apply rigorous methodologies, market intelligence, and lifecycle thinking to ensure cost-effective outcomes at every stage of the RIBA Plan of Work, from strategic definition to post-occupancy.
Our Cost Management Services
Service Area | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Budget Formulation & Cost Planning | We develop detailed cost plans and financial models that reflect project scope, quality aspirations, and market conditions. Our benchmarking tools and inflation-adjusted analyses ensure realistic, defensible budgets. These are aligned with RIBA Stages 1–3, supporting feasibility, concept design, and spatial coordination. | ||||||||
Procurement Strategy & Tender Evaluation | We craft transparent procurement frameworks tailored to project complexity and risk profile. Our services include preparing tender documentation, managing bid processes, and leading evaluations that ensure value for money, contractual clarity, and compliance with CIDB and international standards. This aligns with RIBA Stage 4 (Technical Design) and Stage 5 (Construction). | ||||||||
Financial Control, Value Engineering & Reporting | We provide ongoing cost monitoring, cash flow forecasting, and financial reporting throughout the construction phase. Our value engineering exercises identify performance-enhancing alternatives that reduce cost without compromising quality or sustainability. These services extend into RIBA Stages 5–6, supporting construction and handover. | ||||||||
What Sets Us Apart?
- Market Intelligence: We maintain up-to-date cost databases and inflation indices tailored to the Mauritian context and regional benchmarks.
- Lifecycle Costing: We evaluate long-term operational and maintenance costs to support sustainable investment decisions.
- Transparent Reporting: Our dashboards and financial summaries are bilingual, board-ready, and tailored to stakeholder needs.
- Risk-Informed Strategy: We integrate contingency planning, sensitivity analysis, and procurement risk mapping to protect project viability.
Referenced Standards
Framework | Relevance | ||||||||
|---|---|---|---|---|---|---|---|---|---|
RICS | Commercial Management, Cost Analysis, Procurement, Lifecycle Costing | ||||||||
APM | Project Controls, Performance Measurement, Governance | ||||||||
RIBA | Stage-specific cost planning, procurement alignment, and post-occupancy evaluation | ||||||||