#3 Understanding the tools for Cost management/control

Post-tender estimate / Sk√łn efter udbuddet

The purpose of this estimate is to corroborate the funding level required to complete the building project by the developer, including rates adjustments, fees, as well as other development and project costs.

After all tender offers have been received and evaluated, it is possible to produce a Post-tender estimate, that will be based on the outcome of any negotiations with the final contractors, including rates and quantities adjustments, clarifications of scope and the like.

This estimate will take into account the actual known construction costs and any residual risks, and the uncertainties of market conditions became clear. This estimates are used as the control estimate during construction, as it defines the basis of all the works going forward and all updated agreed quantities.

All possible future variations will be checked against the post-tender estimate.