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FIRM QUALIFICATIONS Project Budget Management We begin every project with a detailed evaluation of Real-time cost modeling. The team works closely the project budget and the creation of a cost model. together to evaluate design options during the design This allows the team to begin the project with a solid process. This enables the owner and design team to understanding of project cost and uncover potential make design decisions based on scope and price. budget issues. Even in our current market environment Explore the use early equipment packages, allowing we have had recent success in delivering projects on the contractor or Owner to pre-order long lead and budget. Additionally, due to the current escalation limited equipment. The current post-pandemic and supply issues, it is possible that your project will economy has created a backlog of specific building face market pressure and equipment delays. Our products and increased the lead time for building cost estimating approach is designed to account for systems and equipment. By seeking a means to these types of variables by collaborating with the procure this equipment early, the project team can construction management team and employing a help limit construction schedule disturbance, improve proactive process that includes: construction logistics and reduce delays. Designing to a percentage of construction cost, with Track costs on a trade-by-trade basis with a target- the remaining percentage identified as add alternates. value approach. This links conditions in the market, Starting in the programming and planning stage, we such as escalation or supply limitations, to each trade set the design team’s project budget slightly below based on the specific material or building system the funding limit and then create a series of alternates being used. Trades such as plumbing have seen limited that if taken, will make up the cost gap between the competition and large price increases. For these trades design budget and funding budget. The creation and the team assigns higher trade specific contingencies prioritization of these alternates is discussed early in to buffer the market effects. This approach has been the project with the intent of building consensus and successfully utilized by our team on previous projects. confidence. 13 Page 83 of 301