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5D: Creating Cost Certainty

5D: Creating Cost Certainty. David Mitchell Partner & 5D Quantity Surveyor Tuesday 22 nd October. How Does 5D Benefit the Owner?. 5D creates cost certainty by: Early cost decisions - more alternatives Cost transparency - stronger negotiation capability

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5D: Creating Cost Certainty

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  1. 5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22nd October

  2. How Does 5D Benefit the Owner? • 5D creates cost certainty by: • Early cost decisions - more alternatives • Cost transparency - stronger negotiation capability • Real-time estimates - greater accuracy & less contingency

  3. More alternatives & stronger negotiations Source: Mitchell Brandtman

  4. Greater accuracy & less contingency Source: Mitchell Brandtman

  5. What Does Successful 5D Require? • Successful 5D requires: • Leadership: wisdom • & know how • Plan: process, • behaviour & technology Source: Mitchell Brandtman

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