Cost Estimation and Project Control

NOVOPRO produces project estimates that comply to 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 to the procurement process for generating project specific costs.

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

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 & 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.

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

Other Services