At GreyfriarsCost Management,we provide early-stage feasibility estimates and cost modelling services to support informed decision-making at the outset of a construction project. Using benchmark data, industry knowledge, and professional judgement, we help clients understand likely project costs and assess development viability before committing to detailed design or procurement.
Early cost advice plays a critical role in shaping successful projects. Our feasibility estimates provide clarity around affordability, funding strategy, and risk, enabling clients to make confident, well-informed decisions from the very beginning.
Feasibility estimates are typically prepared at the earliest stages of a project, often before designs are fully developed. Greyfriars Cost Management uses reliable benchmark data and project-specific assumptions to prepare realistic cost models that reflect the scope, scale, and complexity of the proposed development.
Our cost models are structured to allow clients to test different development scenarios, procurement strategies, and specification levels. This flexibility supports strategic decision-making and helps identify the most viable route forward.
At Greyfriars we use the latest software and tools to ensure our cost management advice is accurate, as well as access to the latest cost data. We are keen to explore new methods of project delivery, challenging the traditional procurement strategies and also encourage a collaborative approach to delivering construction projects.
By clearly setting out assumptions, exclusions, and risks, we ensure feasibility estimates are transparent, robust, and suitable for both internal decision-making and external stakeholder discussions.
Our Approach to Feasibility Estimates and Cost Modelling
Greyfriars Cost Management adopts a structured and proportionate approach to early cost planning. Each feasibility estimate is tailored to the project’s level of information, ensuring advice is appropriate, realistic, and clearly understood.
Our approach includes:
- Use of current benchmark and market data
- Consideration of project-specific risks and constraints
- High-level elemental cost breakdowns
- Allowances for risk, inflation, and contingencies
- Clear assumptions and exclusions
Where required, we can update feasibility estimates as projects evolve, ensuring cost advice remains aligned with emerging design and programme information.
Benefits of Early Cost Modelling
Providing early cost advice delivers significant benefits throughout the project lifecycle. Our feasibility estimates and cost models help clients to:
- Assess development viability at an early stage
- Compare options and test alternative scenarios
- Understand key cost drivers and risks
- Inform funding discussions and approvals
- Reduce the likelihood of cost issues at later stages
By identifying potential challenges early, Greyfriars Cost Management helps minimise financial risk and supports smoother project progression.
Supporting Projects Across All Sectors
Our feasibility estimates and cost modelling services are provided across a wide range of sectors, including:
- Public sector developments
- Private commercial and mixed-use projects
- Residential and housing-led schemes
This breadth of experience allows us to apply relevant benchmark data and sector knowledge to each project, ensuring advice is both informed and practical. potential challenges early, Greyfriars Cost Management helps minimise financial risk and supports smoother project progression.
A Selection of Our Projects
We provide expert cost management services across all sectors in the built environment, delivering tailored solutions for our clients.
All Projects
Interested in our services? We’re here to help!
We want to know your exact needs so that we can provide the perfect solution.
Let us know what you want and we’ll do our best to help.
Our Other Services
We provide expert project and cost management delivery across the built environment, delivering tailored solutions for our clients.
