RIBA Plan of Work and Cost Control

The RIBA work plan 2020 provides a structured framework for Construction managers and Commercial managers to follow throughout the various stages of a construction project. This includes defining project objectives, developing design concepts, preparing documentation, and overseeing construction.

One key aspect of the RIBA work plan is cost control, which is essential for ensuring that a project stays within budget and is completed successfully. By following the RIBA work plan, project managers and cost managers can effectively monitor and manage costs at each stage of the project, from initial concept development to final completion.

The correlation between the RIBA work plan 2020 and cost control in construction projects is significant because it helps to prevent cost overruns, delays, and other financial risks that can impact the overall success of a project. By incorporating cost control measures into the RIBA work plan, construction professionals can better manage project finances, make informed decisions, and ultimately deliver a high-quality project that meets the client's expectations.

1.?????? Strategic Definition:

In this initial stage, the focus is on establishing the project and identifying cost management strategies.

2.?????? Preparation and Brief:

Preliminary cost estimates are developed based on high-level project requirements and scope as cost plan 1. Initial cost planning and feasibility studies are undertaken to determine the financial viability of the project. Cost planning and order of cost estimates are prepared based on the project brief and initial designs. Cost control strategies are established to align the project budget with the defined brief and client requirements.

?3.?????? Spatial Co-ordination:

Formal cost plans are developed for each sub-stage (2, 3) to refine and validate the cost estimates as the design evolves. Pre-tender estimates are prepared to guide the design development and ensure cost efficiency. During the tender analysis, cost control involves assessing and comparing the tender submissions to ensure alignment with the project's financial parameters.

4.?????? Developed Design and Technical Design:

Comprehensive cost reports are generated by considering the design element, material, and methodology, considering both direct and indirect costs for each activity with consideration of cost plan 1 guidance cost. This process helps in determining the projected project costs. To ensure the design quality remains intact, value engineering and cost-saving strategies can be employed. As the project advances towards construction, it becomes crucial to closely monitor and report the costs.

5.?????? Construction:

Effective cost control during construction involves monitoring actual expenditures against the budget, managing change orders, and addressing cost variances. Regular cost control reports and financial audits are conducted to ensure adherence to the budget.

6.?????? Handover:

Final account procedures are managed to accurately reflect the as-built project cost, including any variations and final payments to contractors and suppliers.

7.?????? Use:

Cost control tasks during the operational phase involve monitoring ongoing operational expenses, maintenance costs, and life cycle assessments to optimize the building's performance and cost efficiency. Throughout these stages, effective cost control is essential for managing project finances, identifying cost-saving opportunities, mitigating risks, and ensuring that the project remains within the established budgetary constraints. It involves continuous monitoring, analysis, and decision-making to achieve the project's financial objectives while maintaining design quality and client satisfaction.