Construction economics

Franklin + Andrews provided cost management services on construction of the Natural History Museum’s Darwin Centre in LondonConstruction economics is a key part of Mott MacDonald’s total project delivery capability.

Our construction economists operate in all sectors of the economy covering property, infrastructure, energy, education, healthcare, utilities and government, offering a comprehensive range of commercial management advice and services for all our customers – from developers and financiers to owners and end-users. These cost consultancy services are provided by Franklin + Andrews, one of the world’s leading construction economists with a pedigree going back over 140 years.

Franklin + Andrews’ 500 professionals concern themselves not just with the capital cost of projects but with all aspects which have a financial impact on the business model – at inception, during delivery, on completion and throughout the assets’ life. This whole life cycle approach encompasses the three key stages:

• business needs/design – from benchmarking, cash movement management, cost modelling/planning and due diligence to fund monitoring, risk mitigation, supply chain management and value analysis
• asset implementation – including change control and accounting, cost control, payments and final accounting, post-implementation reviews and close-out, project auditing and trade contractor procurement
• ongoing life cycle – such as implementation of capex/opex projects, insurance valuations, real estate tax planning, strategic facilities management and whole life analysis

Construction cost data

Through its specialist cost research unit, Franklin + Andrews publishes an extensive array of economic information including commodity price movements, currency fluctuations and macroeconomic data which are all collated and analysed by a team of full-time research analysts, enabling us to forecast with great accuracy future construction cost trends. These forecasts – covering every market sector of the global construction industry – are consistently in line with actual trends achieved and enable our customers to accurately plan ahead and maintain commercial advantage.

Our wide range of construction price books and CD-Rom publications provide our customers with comprehensive and detailed cost data – we also produce purpose designed reports to meet specific customer requirements.

Publications include the Little Black Books which provide a summary of property cost benchmarking information covering construction sectors in many countries and are designed to serve as a reference guide for the construction industry. Also featured in our portfolio of cost data publications are the Griffiths, Hutchins and Spon’s price books plus a quarterly economic bulletin.