| COSTEX MANAGEMENT INC. Company Profile | |||
|---|---|---|---|
| Company Name | Costex Management Inc. | ||
| Establishment Number | 234567008761 | ||
| Website | Visit Costex Management Inc. Website | ||
| Phone | 604-522-4332 | ||
| Established Year | 1982 | ||
| Province | British Columbia | ||
| Address | 1519 8th Ave. NEW WESTMINSTER,British Columbia V3M 2S5 |
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| Business Activity | Services | ||
| Conatct Person | Joanne Stregger (Consultant) | ||
| Phone Number | 604-522-4332 | ||
| Fax Number | 604-522-4302 | ||
| Country of Ownership | Canada | ||
| Costex Management Inc. Company Services | |
|---|---|
| Service | Service Description |
| Arbitration | Unlike proceeding at court, Arbitration is by agreement. This agreement may occur either at the time of contract or later at the time of dispute. Arbitration is a speedier, more economical and less confrontational method of resolving construction and other disputes and can take place while the work is underway. The procedure is governed by the Rules of Procedure of the British Columbia Arbitration and Mediation Institute or those of the British Columbia International Commercial Arbitration Centre, depending on the value of the dispute and the wishes of the parties. The principal has participated in both domestic and international arbitrations. He has acted both as the arbitrator, and as the representative or presenter for one of the parties to the arbitration. |
| Budget Costing or Cost Planning | With our knowledge in construction costing, we can establish an accurate cost estimate for a project. The cost plan is an independent method of looking at construction costs and is an important tool on any project. The cost plan allows the Owner, Developer and Design Consultant to make informed financial decisions from a project's conception to completion. To maintain accurate cost planning we have complied extensive historical cost data. In addition, we maintain a strong liaison with general contractors, trade contractors and suppliers. Consequently, we can establish costs and cost trends for most types of construction. Through association with other Quantity Surveying practices we are also able to offer services in other areas of Canada and the United States. These associations also allow us to augment our services when should the project require additional personnel or additional services. |
| Project Budget Monitoring | The cost plan and schedule set out the goals. Monitoring the progress of the project against the plan assists in reaching those goals. In construction, changes are common and normal. Changes have a cost in both dollars and time, and allowing for this in the overall plan is crucial to the success of a project. Documentation of the progress of the work is very important. It is this documentation that will establish or defend claims that may arise. It is our experience that a well-documented project has fewer claims than one that is not. |
| Project Scheduling | A well planned and formalised schedule is as important as the cost plan. The scheduling of the work should ideally start with the design phase and continue through construction. The schedule, to be effective, is developed by consulting with everyone involved in the project. Monitoring and reporting the progress of the work against the planned schedule allows us to identify areas of concern to avoid or reduce possible delays. |
| Review of Final Accounts or Completed Costs | While most projects are governed by contracts that clearly define the cost of the work, some may require further review to arrive at an agreed reasonable cost for part or all of the work. In these cases we work with both parties to reach this conclusion using our expertise in the industry as well as by reviewing the costs that may be documented. Our work in this regard differs from that of an accountant as we not only look at costs supported by invoice, and purchase order or contract, but also at the reasonableness of the quantities of materials and the need for a particular material or item to be used in executing the work. |
| Assistance to Legal Counsel | When problems have been encountered, we work closely with the client and their legal counsel to review possible solutions. We have provided reports on construction claims for use by legal counsel in negotiating settlements. |
| Expert Evidence | The principal has been accepted as an expert in the areas of construction costing, project scheduling, identification of construction deficiencies and other related issues, in the Supreme Court of British Columbia (Vancouver and New Westminster). |
| Building Valuation | Replacement costs or valuation estimates have traditionally provided by building appraisers. However, it is our experience that while appraisers are well equipped to provide market value evaluations their replacement cost valuations are less accurate. Our replacement cost estimates are similar to our cost planning estimates and are used for insurance purposes such as establishing required coverage and replacement after fire or other misfortune. In addition, they are also used for building permit applications. |
| Project Finance Monitoring Services (Progress Claim Review & Approvals) | In providing this service, we do a detailed review of the proposed project budget. Our review is to provide assurance that, based upon the available information, the proposed budget is reasonable and that the lender retains sufficient funds to complete the project. During the project, we conduct inspections to review the progress of the work. Our inspections do not replace those of the Design Consultants. Our purpose is to provide an independent financial review and analysis of the "Cost to Complete" against the approved budget or loan amount. This work is always carried out by the principal and includes site inspection and progress photographs. |
| Studies & Reports | Some Clients have asked that we investigate or review aspects of the industry that are not normally thought of as the role of a Quantity Surveyor or Arbitrator. Some of our work in this area includes; Impact analysis of The Construction Fair Wage and Skills Development Policy of BC for the Quantity Surveyors Society of BC Systems and workload analysis for Simon Fraser University Master project specifications for MacDonald's Canada Cost of Accessible Accommodation in New Construction and Renovation for RBO Architecture and The BC Workers' Compensation Board Residential Exterior Finishes cost Comparisons for MacMillan Bloedel Investigation of Social Housing Project Cost Coverage for The Ministry of Housing of BC |
| Costex Management Inc. Company Business Activity | |
|---|---|
| Activity ID | Activity |
| 541619 | Other Management Consulting Services |
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