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On-site cost management

An asset owner with a complex facility had no control on the financial part of the execution of his multiple projects. Tresviri was thus asked to assist and we provided a dedicated cost engineer.

Our cost engineer started to make inventory or data in ERP systems, budget estimates, scope and procedures. After that, the projects were analysed individually including planning, deviations, additional scope and errors.

Based on this information, a one-pager project was made reflecting the financial status and progress of the project. As a result, some projects appeared to be overcharged, double charged or mismanaged. The cost Engineer reconstructed the paper trail and, together with procurement, recovered these financial opportunities.