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perkinswill.com 13 <br />+ HALLMARKS OF OUR APPROACH—COST CONTROL <br />Perkins+Will’s philosophy regarding the critical component of estimating <br />construction costs is to work with the stakeholder, General Contractor or Cost <br />Estimator in establishing project budgets and probable costs based on current <br />and reliable market data. <br />At the initiation of a project, when the scope and desired level of quality have <br />been defined, the team establishes a cost model for the project that itemizes <br />expected costs for major building systems. This cost model then becomes the <br />benchmark against which future planning and design decisions are made. This <br />method allows the team, when necessary, to test a particular component of the <br />design to determine its compliance with the established budget. <br />Typically, comprehensive cost analysis (in addition to the aforementioned cost <br />model) based on drawings and specifications are provided at Schematic Design, <br />Design Development, 50% Construction Documents, and 90% Construction <br />Documents <br />Perkins+Will has extensive and successful experience with establishing and <br />meeting the budget for projects.