Financial Projections, Cost Estimating, & Budget
Trestle's experience in preparing financial proformas, negotiating contracts, and creating budgets has been essential to the success of each project. We also understand that quality, conscientious financial management requires regular updating and review to ensure the most current information is reflected in the analysis. We have prepared and/or managed project proforma and budgets for projects ranging from $5 million up to $100 million in total project costs with a wide variety of public and private funding and financing variables.
Cost estimating and budgeting is an integral part of our project management experience. Every project that our team has been involved in, small to large, has required a well researched and detailed budget. Budgeting and financial modeling is essential to identifying the costs for each phase of a project’s planning and development. Budgeting and the appropriate allocation of resources will require a significant amount of communication and agreement among the stakeholders and is equally as important as consensus building during the process.
Our team’s approach to maintaining a budget includes an inclusive and conservative estimation of the costs at each stage of development. A detailed budget is prepared early on to determine the long-term capital costs of the development program. Continuous updating of the budget as progress is made allows for accurate and timely reporting and benchmarking. Key to any successful budget is the ability to adapt to contingencies, delays and unforeseen circumstances. By having an intimate knowledge of the budget we are able to adapt to these challenges quickly, respond through value engineering, investigate design alternatives, and provide you with the information you need to make educated, informed decisions during the course of the project. Trestle develops a master Excel spreadsheet summarizing total project costs at the beginning of the process and builds up the spreadsheet’s detail on separate tabs as more information becomes available. Specific areas we focus on include, but are not limited to, construction costs; consultant and legal fees; environmental fees; FF&E costs; utility cost projections; O&M costs; and other associated project and operational costs.