Driving value through cost, commercial & procurement management
At SRC, our Cost, Commercial, and Procurement services are designed to optimise project delivery through smart financial management and strategic sourcing. We focus on driving value at every stage, ensuring that projects stay on budget while maintaining quality and efficiency.
Whether it's negotiating contracts, managing supply chains, or controlling costs, our team applies a flexible and tailored approach to meet the specific needs of each project. We understand the complexities of procurement in the infrastructure sector and work closely with stakeholders to streamline processes and mitigate risks. By leveraging our expertise and market insight, we help organisations achieve cost-effective solutions that deliver lasting value.
Building value, reducing risk, ensuring success.
Commerical Management
Our team ensures that projects stay within budget and maximise value for our clients by continuously tracking costs and implementing strategic cost-saving measures throughout the project lifecycle. We work closely with stakeholders to control expenditure, manage financial risks, and align contractual agreements with the overall financial objectives, fostering transparency and accountability in project delivery.
Estimating & Cost Management
Accurate financial planning is crucial for any project’s success, and we provide detailed estimates from the earliest stages. Through a deep understanding of the market, materials, labour costs, and project demands, we offer a thorough analysis that enables clients to anticipate expenditures. Our focus is on providing realistic, actionable financial forecasts that help keep projects on track from beginning to end.
Whole Life Costing
Our approach to long-term financial planning considers the total cost of ownership, helping clients understand the broader financial implications beyond the initial construction phase. We assess factors like operational efficiency and maintenance requirements to provide a clear picture of how financial resources will be allocated over the asset’s entire lifecycle, ensuring investments are sustainable and offer maximum value.
Procurement & Contract Strategy
The right procurement strategy is essential for project success, and we offer tailored strategies to fit the specific needs of each project. From selecting suppliers to negotiating contract terms, we ensure that all procurement decisions are aligned with the client’s objectives. This helps secure optimal pricing, minimise risks, and foster productive relationships between all parties involved, ultimately streamlining project delivery.
Contract Administration
Managing contractual obligations is essential to keeping projects on schedule and within budget. Our experts handle all aspects of contract management, ensuring that contractual terms are upheld by all parties. This includes overseeing the administration of contracts, managing any variations, and addressing potential claims, providing clients with a consistent and clear framework for project progress.
Value Engineering
We apply innovative approaches to improving project efficiency and performance without sacrificing quality. By carefully reviewing design plans and construction methods, we identify areas where improvements can be made, whether through reducing material costs, enhancing the construction process, or eliminating unnecessary components. The goal is to deliver the highest value while minimising waste and maintaining the integrity of the project.
Audit & Due Diligence
To ensure that projects run smoothly, we carry out detailed financial reviews and assessments. By examining contracts, costs, and performance, we provide clear, actionable insights that help identify potential risks and ensure compliance with financial standards. Our thorough analysis promotes transparency and gives clients confidence that their projects are being managed effectively.
Avoidance, Mitigation & Dispute Resolution
Potential conflicts can disrupt project timelines and inflate costs, but we take a proactive approach to preventing and addressing issues before they escalate. Our approach involves early identification of risks, implementing mitigation strategies, and resolving disputes efficiently should they arise. This helps minimise delays and ensures that the project remains on track, avoiding costly legal disputes and fostering a collaborative environment.