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RFQ #26-07-01 | 127 <br />4.7 Cost Control Approach <br />EAC’s cost control approach provides a structured framework for planning, estimating, <br />monitoring, and managing project costs, ensuring alignment of scope, schedule, quality, <br />and budget in collaboration with City staff. The accuracy of cost estimates improves <br />progressively through project phases, from ±20% in pre-design to ±5% in final design. <br />estimating, monitoring industry cost variations, using multiple costing sources, value <br />engineering, constructability reviews, and active budget protection to optimize project <br />value and minimize risks. The approach manages both engineering fees and construction <br />costs by developing negotiated fees, aligning resources, monitoring expenditures, <br />preparing reliable construction estimates, applying value engineering, and delivering <br />cost-effective designs that maximize value for the City of Sunny Isles Beach. <br />EAC’s cost control approach <br />establishes a disciplined <br />framework for planning, <br />estimating, monitoring, and <br />managing project costs. <br />Estimates are prepared <br />using industry best practices <br />and refined as design <br />advances, allowing the City <br />to make informed decisions <br />before cost impacts reach <br />construction. <br />Our Commitment: Align <br />scope, schedule, quality, <br />and budget while serving as <br />an extension of City staff. <br />Phase Cost Estimate Level Level of Accuracy <br />Pre-Design Phase Conceptual Level of Opinion ± 20% <br />Design Phase Budget Level of Opinion ± 10% <br />Final Design Phase Definite Level ± 5% <br />Engineering Fees <br />• Develop and negotiate fees from the <br />agreed scope, site constraints, permitting <br />requirements, complexity, and risk. <br />• Assign the optimum resources to each task <br />based on the staffing plan and personnel <br />expertise. <br />• Monitor fees weekly through Deltek Vision <br />to align resources and expenditures with <br />authorized task budgets. <br />• Maximize the City’s benefit from its allocated <br />engineering fees. <br />PROVEN COST CONTROLS <br />Managing Both Components Of The City’s Project Budget <br />Construction Costs <br />• Prepare and update reliable construction <br />estimates for each project deliverable. <br />• Use multiple industry sources for current <br />unit prices, material costs, and specialized <br />construction methods. <br />• Apply value engineering and constructability <br />reviews to identify savings without reducing <br />quality or function. <br />• Deliver an innovative, cost-effective design <br />that provides the best value for the City of <br />Sunny Isles Beach.