Aquenta was engaged to provide cost planning and value engineering services during concept, schematic, developed and contract documentation design stage. We prepared bills of quantities during the contract documentation stage and reviewed the tender returns. During construction stage we managed the financial status of the project including reviewing and recommending progress claims, preparing cost monitoring reports, reviewing variation and contractual claims and preparing cash flow reports. We were also involved in risk management throughout the project undertaking risk register development, qualitative and quantitative risk analysis and Monte Carlo simulations.
Cost planning, value management, options evaluation, risk management services, cost management, assessment of progress claims, assessment and negotiation of variations, and final account preparation and agreement.
Construction of the Research Centre was one component of the larger Lady Cilento Health Precinct project. The outcome and achievement metric established by the client was ‘delivery on budget’ and this project was delivered well within the parameters set. Our team overcame a number of challenges including the need to align three interdependent projects; the Research Centre was built on the site of the Leukaemia Foundation of Queensland’s ESA Village building (relocated as part of this project); the Lady Cilento Children’s Hospital was dependent upon an operational Pathology function; and the pathology department was located within the Research Centre.
In applying innovation to meet operational challenges, we recommended separable portions within the construction contract to ensure that pathology services housed in the Research Centre were timed to coincide with the hospital delivery and that the Leukaemia building was relocated in sufficient time to ensure all areas could function without issue.
From a cost perspective we read the market and identified the opportunity to reduce cost in the Research Centre, recommending an alternative procurement route; from managing contractor to lump sum contract. At the time of tendering, the client saved an estimated 10 – 20% of construction cost and included variations without additional funding.
“Aurecon were the Project Managers on the Lady Cilento Children’s Hospital project for 8 years. I personally worked with the Aquenta team for 5 of those years on the CCHR project where Aquenta were our cost planners. We found they consistently demonstrated extremely high ethical standards and professionalism, and their delivery across the project was regularly of a standard that achieved and in many cases exceeded the Client’s objectives of an on budget delivery’. We found the Aquenta team members, their approach, and control systems were frequently of a standard which surpassed expectations and requirements.”
Charles Foley, Technical Director | Aurecon