Benchmarking

Franklin + Andrews has a dedicated economic research unit which can analyse the cost of any type of construction against industry standards.

In conjunction with the project team involved in a project or as a stand-alone exercise, we act as a catalyst to challenge and assist design teams in working within financial constraints and can help identify areas needing further work and / or examples of excellence.

The benchmarking exercises can cover capital construction cost, the component parts of construction cost and life cycle / whole life cycle costs.

We also have a dedicated Economic Research Unit› who analyse and examine cost data relating to building services systems from a number of external sources. The unit produces a number of industry publications which are available to order online from our website.

Whole life costing analysis

We understand that the capital cost of construction is part of a bigger equation of the whole life cost of a building. Whether it is for owners/occupiers or developers, the need to understand the whole life costs of any design solution is important.

For owners we work with the design team to create solutions to help reduce the operating costs over time and enhance the asset value for the balance sheet.

Similarly for developers, a building which can demonstrate the whole life costs are better than the industry benchmarks, should benefit from a fast let and/or a higher rental/commercial value.

We have experience of modelling the cost of components based on their design life which allows customers to identify an appropriate level of ongoing maintenance funding.

Contact our specialist Economic Research Unit for further details.