Services
A cost estimate is an important part of project preparation and decision-making.
The company’s aim with a good and well-made cost estimate is always to achieve the required results with minimal costs, that is, the minimisation of total costs, whether it is an initial plan or a financing plan.
Request a consultationThe reliability of the cost estimate depends a lot on how the project is prepared and the knowledge that Verkís has about similar projects.
The company builds on its extensive experience in the preparation of cost estimates, and the methodology is similar to the well-known methodology of AACE International for the preparation of cost estimates. The company has developed and uses its own software for preparing estimates. That software offers very detailed and flexible reporting for the buyer.
How detailed the cost estimate is depends on how much information about the project is available when the estimate is made. The less information there is, the more uncertainty there is in the cost estimate, but as the project progresses, the more accurate the estimate can be.
A good cost estimate is a prerequisite for keeping track of actual costs and making sure that schedules are met.
The reliability of the cost estimate depends on how the project is prepared and the knowledge that Verkís has about similar projects.
Contacts
Susanne Freuler
Team Leader - Project Controls
Division: Industry
suf@verkis.is
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We prepare cost estimates that provide a reliable foundation for project planning, investment decisions and financial management. Our estimates support every stage of the project lifecycle, from early concepts to detailed design and construction.
Using proven methodologies and extensive project experience, we develop accurate cost assessments tailored to the available project information. Our analyses help clients evaluate alternatives, manage uncertainty and optimize project value.
We support clients with cost management throughout project delivery, helping monitor budgets, forecast costs and maintain financial control. By combining robust estimating practices with practical engineering expertise, we help deliver projects on time and within budget.
Verkís supports clients in making informed financial decisions through accurate cost estimating and cost planning services. Our specialists evaluate project scope, design solutions, materials, and construction requirements to develop reliable cost forecasts that support budgeting, investment decisions, risk management, and successful project delivery.
We prepare initial cost estimates to support early decision-making, project planning, and budget development during the initial stages of a project.
We prepare maintenance cost estimates to support lifecycle planning, budgeting, and long-term asset management, helping clients anticipate future maintenance and operating costs.
We prepare operating cost estimates to help evaluate long-term operational expenses, support financial planning, and improve lifecycle decision-making for buildings and infrastructure.
We review and assess cost estimates to improve accuracy, identify risks, and support informed financial decision-making throughout the project lifecycle.
Verkís provides cost estimating and cost planning services that support informed decision-making throughout project development and delivery. Our specialists prepare and review capital, operating, and maintenance cost estimates, helping clients evaluate alternatives, manage risks, optimise investments, and establish realistic budgets for successful project outcomes.
Icelandic
