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Cost Management

We have a national team specialising in funder due diligence, as well as covering traditional quantity surveying. This service typically starts with strategic cost advice and valuation, to final account. Our team expect to work closely with our clients throughout their projects in both private and public sectors. We also specialise in building reinstatement valuations, expert witness referrals and construction claims.

Cost Planning & Cost Management

Watts has the expertise to provide advice at every stage of the property life cycle.

Across the complete range of asset classes, we leverage our internal cost data to deliver best value solutions.

Our Cost Planning approach enables clients to effectively prioritise project deliverables whilst optimising cost performance and minimising risk.

From setting the budget to agreement of the final account, our team has a reputation for understanding client needs and delivering economic project outcomes.

Our key services include:

  • Option appraisals and value management advice
  • Cost planning
  • Life-cycle costing
  • Procurement advice
  • Tender and contract documentation
  • Contract negotiation
  • Risk Management
  • Cost verification
  • Account management through to final account
Expert Witness

Construction disputes can often result in program and cost overruns if not approached correctly. When parties are in conflict the provision of unbiased, expert opinion is proven to facilitate accelerated disputed settlement allowing all parties to resume focus on their core deliverables.

we are experienced in providing consultancy on dispute avoidance or in the event of ongoing disputes; we can act in support of any legal teams employed to manage the resolution process.

Our service draws on 50 years of multi-disciplinary industry practice and covers all stages of a development lifecycle.

Our service is delivered in the form of written reports, on matters in dispute with evidence as an expert witness in court, or before arbitral tribunals and other examining bodies.

Our key services include:

  • Dispute avoidance
  • Project audit
  • Claims preparation and defense
  • Alternative dispute resolution (mediation, adjudication and arbitration)
  • Expert witness
Project & Development Monitoring

Our Project Monitoring team utilise expert construction knowledge to deliver intuitive market tested advice.

We have over 20 years' experience providing both due diligence and construction phase monitoring services on residential, commercial, retail, industrial and infrastructure assets, from small independent projects to large mixed use campuses and landmark schemes.

With dedicated teams in London, Manchester, and Bristol we have established ourselves as a key delivery partner for clients throughout the UK.

Our success is founded on our ability to collaborate objectively with development teams to identify issues at the earliest opportunity and deliver effective solutions.

Our key services include:

  • Development appraisal assessment and due diligence reporting
  • Construction phase monitoring and reporting
  • Operational phase monitoring
Reinstatement Cost Assessment

Having the right insurance cover is paramount to each and every asset owner.

If you're under-insured, you run the risk of exposure to a shortfall if in the event of a claim incident.

If you are over insured, the premiums you pay may be too high.

At Watts we are equipped to provide timely and accurate assessments whether you own a single property or a large portfolio.

Our specialist advisors carry out a detailed inspection of your property and give you an accurate cost for rebuilding, ensuring you are always covered to the appropriate level.

Our key services include:

  • Site visit and asset assessment
  • Reinstatement cost calculation & reporting
  • Annual reinstatement cost update appraisal

Contact your local Watts office