Conceptual cost planning for infrastructure
This section examines the different types of infrastructure and how the sector contributes to the UK economy. It looks at the important benchmark of how infrastructure is delivered – successful delivery measured not merely by completion, but also through avoiding disruption and ‘bad PR’.
Secondly, it investigates how infrastructure cost planning is different from the cost planning of buildings in that it generally takes longer, carries more risk and has less data to back up the costs.
Significantly, this section will also look at how the risk management aspect of the project can be handled. Whereas with the cost planning of buildings generally a design allowance or contingency is included (between 5–10%), infrastructure cost planning should include identification of risks and then make allowances for them. The section considers how different methods can be used to manage the cost towards the end of a project.
This section is maintained by Max Wilkes of Bilfinger GVA.