The current asset market needs efficient cost management methods and tools, from cost estimations to cost control. This diverse and dynamic market consists of different market participants, namely investors, builders, owner-occupiers, third-party users, authorities, executives, etc., with varying perspectives of project and real estate costs. Therefore, our cost management standards are defined by national or international guidelines.
Our international TA Europe Cost Management Team consists of experts with different skills from technical to financial, which can be tailored to the individual needs of our clients.
At TA Europe, we not only understand the market, but also various market players as well as their perspectives. Our cost management service involves supporting our clients within their various cost-related needs, starting with a detailed analysis of our client’s requirements. Our tools, strategies, and methods, including cost data are tailored and developed to the individual needs of our clients.
We understand cost management as a collection of comprehensive services designed to minimize project and cost risks and maximize the benefits to our clients. Our approach to cost management is to provide an efficient service to our clients in all cost-related matters. Our approach is, therefore:
- Informative and reliable
- Comprehensible
- Transparent
- Multiphased
- Detailed
- Comparable
- Consistent
In addition to our TA Europe cost collections and cost tools, we use other important cost databases e.g. the collection of cost-area-data, SIRADOS building costs data, the LEGEP building element collection, the cost analyses of the BKI (Baukosteninformationszentrum Deutscher Architektenkammern) to optimize the delivery of our services.
Our contemporary market and cost knowledge are applicable regionally, nationally and internationally and is always constantly updated through the permanent editorial participation in SIRADOS and LEGEP construction costs data banks.
The TA Europe Cost Management services are flexible and can be tailored to all specific needs of our clients. They can be used in real estate, infrastructure, PPP, and due diligence projects. As such we provide the following Cost Management services:
- Quantity Surveying
- Project Finance
- Element based cost models at different project phases
- Life cycle cost models for economical analysis, for comprehensive costing and sustainability certifications
- Economic Feasibility Analysis and Public Sector Comparator
Our References:
CHEM Esch, Suedspidol, Luxemburg – New building of a general hospital
Updating the existing Cost Model in the execution planning phase
The building element-based cost model for the new building of a general hospital was developed in the conceptual phase for the continuous use in all project phases and updated in the execution planning phase.
Updating of the procurement-related budgets based on the cost model.
Volume: appr. 340 Mio. EUR (KG 200-500), excl. VAT
Gasteig – Cultural Center Munich, Germany – Cost plausibility check, survey of optimization potential at the city library and foyer building (hall E) of the interim philharmonic orchestra
Plausibility of the building planner’s cost
Considering the building’s background of a five years seasonal usage, the existing cost calculation of the library and philharmonic foyer was appraised alongside the corresponding planning measures. In reference to DIN 276-KGR 300 (building construction) and KGR 400 (technical facilities), the optimisation of cost and cost savings were identified and investigated through costing
Volume: confidential
Kustermann Park – Project & CostManagement
Renovation of underground car park and fire protection optimisation of the 70,000 sqm office park in Munich with the aim of maximising the value of the property. Roof renovation, renewal of the elevator systems and modernisation of the outdoor facilities. BREEAM certification.
Client: Blackrock, then Henderson Park and Corpus Sireo/Swiss Life (following their acquisition).
Vienna University – Project & Cost Management
Project & Cost Management of the New Build Lecture Hall Centre within an existing historic building (BIG). TA Europe was commissioned as an independent technical advisor to deliver a monthly progress report, as well as a risk analysis to the Board of Directors of the Bundesimmobiliengesellschaft(BIG). The project was of high interest to the public, because of a tour of the lecture hall, which was part of the 500-year anniversary celebration of the University.
Vienna University – Project & Cost Management analysis of the EUR 70 million Fire Restoration Project (BIG)
As a result of an enormous increase in costs and adjustments in schedule, the restoration project of the fire protection and escape routes within the main building of Vienna University, our Managing Partner Wolfgang Schlicht was brought in and commissioned by the Board of Directors of BIG, to prepare the inspection and to clarify which planning and organisational problems were responsible for the increase in costs.
WEKA Karree -Gelsenkirchen
TA Europe was mandated to lead the project & cost management of a major fire protection refurbishment of a mixed-use asset, which is located in the city centre of Gelsenkirchen. Furthermore, TA Europe is monitoring tenant fit-out works within the asset and is involved in implementing remedial works to provide a compliant “fit for sale” condition to the building. The project is ongoing and will be completed at the end of 2017
New Build Healthcare Centre in Mönchengladbach
Our team has been appointed by a hospital in Mönchengladbach to manage the new design and construction of a healthcare centre, as part of the larger hospital site. We set up a tailored scope of services focussing on the desired outcome for the client but also on the specific needs of each and every tenant, consisting of diverse private doctor surgeries and a radiology section. The EUR 20 million project was delivered on time and budget by a project and cost management team.
