Services

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Project Cost Estimating

We support clients through every stage gate of the project lifecycle, providing accurate estimating solutions tailored to their specific needs.

By leveraging a centralized database, we ensure consistency, quality, and integrity across all our specialized services. Our approach adheres strictly to AACEI-recommended practices and professional guidelines, guaranteeing meticulous and reliable cost estimates.

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Project Controls

Once a project secures funding approval, Aarasab NL’s experienced project controls team is ready to assist in building a robust cost control program for seamless execution. From initial estimating and cost management to progress tracking and final close-outs, we provide comprehensive support. Our expertise helps project managers resolve bottlenecks, optimize workflows, and ensure timely, on-budget completion.

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Risk Management

As a full-service provider of project controls and cost estimation, Aarasab NL delivers value-added project risk management solutions tailored to its clients. Utilizing @Risk and guided by an industry-recognized risk specialist, we facilitate internal and external risk workshops and develop strategic risk mitigation plans to minimize cost exposure.

During project execution, we precisely manage event-driven, systemic, and schedule-driven risks, ensuring stability and predictability throughout the process.

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Functions

Cost Estimating

The estimator is viewed as the third leg in project management best practices, working hand-in-hand with the project manager and engineering lead to determine a realistic cost impact that the project would have for the project owner. The estimator would be responsible for developing the classified estimates based on the level of engineering at any given time. Aarasab NL provides clients with estimating services on all stage gates using our centralised database.

Check Estimates

This service is provided to our clients wherein Aarasab NL also acts as an external partner to validate the client’s or EPC’s estimate based on engineering MTOs and Aarasab NL’s own database of rates and metrics. In this situation, the entire estimate is redeveloped including the indirects to provide the client with a report highlighting perceived gaps for further discussions and close-out.
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Third Party Validation

This service is provided to clients who would like a second source of validation for their internally developed estimates. Aarasab NL would function as an external service provider, reviewing certain scopes of the estimate that has high impact on the bottom line cost to validate the assumptions made. These comparisons are then produced in a report format and serves as discussion points with project managers of the various parties for close out.

Risk Management

Risk management on projects is generally divided into 3 distinct components where Aarasab NL has been able to help its clients achieve a certain level of confidence and rigour in their projects. These 3 are event-driven risk, schedule-driven risk as well as systemic risks. Depending on the project, Aarasab NL typically hosts a project- wide risk session lasting between 1 to 3 days to gather pertinent risk information and produce the risk profile for the project. Thereafter, risks can be mitigated through action plans for close out or cost / probability allocations in the risk register.

Benchmarking

An integral component of cost estimation is benchmarking. All estimates require a certain level of benchmarking to be done to ensure that cost metrics seen in the estimate are a close match in value and accuracy with similar real-world completed projects. Aarasab NL has an extensive database of actual construction rates and completed projects to draw this information from, to provide our clients with a high degree of precision . Aarasab NL in general produces an Estimate Confidence Package (ECP), a powerpoint document that can be used by various stakeholders on the project to showcase estimate confidence.

Cost Engineering

Cost engineering is a service provided to Aarasab NL’s clients during the project execution stage. It starts with setting up the project in the client’s financial management system using network identifications and matching that up with the WBS structures in the execution plan and the detailed schedule. Progress measurement is an integral part of that service via 30/60/90 day look-aheads so that the client project managers are kept aware of current progress as well as potential future bottlenecks that need to be managed and refined.