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Project Overview. Project Budget Review _ Control Developed by: Daniel J. Renna. Highlights. Provide Change Order Management Services at no cost if savings isn’t achieved ( Services to be provided for a portion of Shared Savings Only). Produce Annual Cost Savings of 20%.
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Project Overview Project Budget Review _ Control Developed by: Daniel J. Renna
Highlights • Provide Change Order Management Services at no cost if savings isn’t achieved (Services to be provided for a portion of Shared Savings Only). • Produce Annual Cost Savings of 20%. • Special introductory Owner’s Representative Service discounted rates. • Construction / Program Management • Site Selections / Feasibility Reports • Construction Cost Estimates / Audits • Construction Inspections / Close-outs
Project Goals • Our goal is to improve Project Budget Control by reviewing programs in place, established procedures and making recommendations to develop cost savings. • Our target is to achieve 20% reduction in cost ‘Annual Cost Savings’. • Part of this plan will include a comparison of the results in relationship to other projects managed as ‘business as usual’.
Procedures • Project Budget Review • Project /Budget Control • Cost Savings Concepts • Future Program Implementation
Project / Budget Review • Current Projects in Place Review of projects and required budget / schedule milestones. • Staffing Plans Review of current outsourced contingent staff in place per program. Review of construction management staffing costs vs. owner’s representative proposed plan. • Established Budgets Review of approved budget, cash-flow & scorecards. • Established Schedules Review of current project schedules and required milestones.
Project Budget Control • Budget Control Ensure project budgets are maintained. • Schedule Control Ensure project schedules & milestones are met. • Bid Process Assist in RFP / bid process to ensure requirements, inclusions and clarifications are addressed prior to award and included in scope of work. • Payment Requisitions Perform payment requisition review process. Ensure Clients requirements are maintained. Protect Client from potential overbilling per period and unauthorized change order billing. • Close-out Process Established program in place. Ensure Close-out activities occur in a timely fashion in effort to maintain required completion dates.
Cost Savings Concepts • Staffing Plan • Scope of Work Development • Design Review • Schedule Compliance • Change Order Management • OCIP • Contract
Future Programs • Facility Analysis Sq Ft Usage, Sq Ft Reduction, Energy Efficiency, Sale & Lease Options • Site Selections / Feasibility Reporting Detailed Site Selection Matrix, Accurate Cost Estimating & Schedule Development • Design Requirements Review Clients Design Standards, Ensure Design meets standard requirements & CAF’s and make recommendations for cost savings • OCIP Program Perform analysis of cost & compliance benefit • Contract Amendments Review Vendor Contracts and make recommendations for cost savings.
Fee Schedule • Modified Rate Reduction Offer for NY Metro Region: • Program Manager @ $130.00 per hour • Project Manager @ $85.00 per hour • Planner @ $70.00 per hour • Inspector @ $60.00 per hour • Project Administrator @ $35.00 per hour • Shared Savings Option where services are paid based on percentage of savings created for applicable activities ( % TBD). • Fee’s are based on Project Duration / Scope of Work ( Duration & Staff Plan TBD).
Next Steps • Presentation Meeting • Identify Targeted Activities • Develop SOW • Develop Staffing Plan • Develop Fee Structure • Develop / Submit Proposal • Obtain Authorization to Proceed • Engage Services
Comments / Questions Submit Comments / Questions : Daniel J. Renna danrenna@ucmor.com / 347-366-2729
