5D: Creating Cost Certainty

Mar 12, 2019

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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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5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22nd October
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
More alternatives & stronger negotiations Source: Mitchell Brandtman
Greater accuracy & less contingency Source: Mitchell Brandtman
What Does Successful 5D Require? • Successful 5D requires: • Leadership: wisdom • & know how • Plan: process, • behaviour & technology Source: Mitchell Brandtman

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5D: Creating Cost Certainty

5D: Creating Cost Certainty

Presentation Transcript

Creating Capacity and Jobs

Cost-Volume-Profit Analysis

Workflow

Activity-Based Cost Systems

Relevant Cost Decisions

Cost Estimation

Marketing Mix

Cost Behavior

C hapter 8

Managerial Accounting Chapter Two Job Costs

Creating Corporate Advantage

Creating a Safety Culture

Aussie Pies (A)

Objects, Classes, and Interfaces

Cost of Capital &amp; Risk Analysis

Cost: $200,000 + $10,000 shipping + $30,000 installation. Depreciable cost $240,000.

Chapter 7

Chapter 7

Creating an RTC Hot Fix

Cost Minimization

Cost Allocation and Applying for an Indirect Cost Rate

The Cost of Capital

Cost of Capital & Risk Analysis