What is the scope of engineering cost consulting services?

What is the scope of engineering cost consulting services?

The scope of engineering cost consulting services includes:

(1) Preparation and review of project proposals, investment estimates for feasibility studies, and project economic evaluation reports;

(2) Preparation and review of project cost estimates and budgets, and conducting engineering cost analysis and control in coordination with activities such as design scheme comparison, design optimization, and target-cost design.

(3) Determination of contract prices for construction projects (including preparation and review of quantity takeoffs and tender bases for tendered projects, as well as preparation and review of bid quotations); signing and adjustment of contract prices (including calculation of costs for engineering changes, engineering negotiations, and claims); payment of project funds; preparation and review of project final accounts and completion settlement reports, etc.;

(4) Consultation on the appraisal and arbitration of economic disputes related to project costs;

(5) Providing engineering cost information services, etc.

Legal basis

Administrative Measures for Engineering Cost Consulting Enterprises

Article 20: The scope of engineering cost consulting services includes:

(1) Preparation and review of project proposals, investment estimates for feasibility studies, and project economic evaluation reports;

(2) Preparation and review of project cost estimates and budgets, and conducting engineering cost analysis and control in coordination with activities such as design scheme comparison, design optimization, and target-cost design.

(3) Determination of contract prices for construction projects (including preparation and review of quantity takeoffs and tender bases for tendered projects, as well as preparation and review of bid quotations); signing and adjustment of contract prices (including calculation of costs for engineering changes, engineering negotiations, and claims); payment of project funds; preparation and review of project final accounts and completion settlement reports, etc.;

(4) Consultation on the appraisal and arbitration of economic disputes related to project costs;

(5) Providing engineering cost information services, etc.

Engineering cost consulting firms can provide management and services throughout the entire process or for specific phases of the organization and implementation of construction projects.