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TBK Provides The Following Services To Keep Your Project Within It's Original Budget:
TBK has an unequaled success in completing construction projects within their original budgets.   We want your money to work for you,.  TBK reviews and monitors the costs of your project  throughout its entire life; from the first conceptual meeting, through the design, through the construction, to final completion.   TBK has prepared successful budgets on single projects as large as $ 2,000,000,000.00 . TBK's cost control methods, in the "...Team..." approach with the Owner,  involve all the following.

Formulation, Review and Monitoring Of Capital Costs

The capital cost for a construction project are the expenses related to the initial establishment of the facility including the following:

  • Land acquisition, including assembly, holding and improvement
  • Planning and feasibility studies
  • Architectural and engineering design
  • Construction, including all subcontractors, materials, equipment and labor
  • Project management and field supervision of construction
  • Construction financing
  • Insurance and taxes during construction
  • Owner's general office overhead
  • Equipment and furnishings not included in construction
  • Inspection and testing

Formulation, Review and Monitoring Of Operation and Maintenance Costs 

The operation and maintenance cost in subsequent years over the project life cycle includes the following expenses:
  • Land rent, if applicable
  • Operating staff
  • Labor and material for maintenance and repairs
  • Periodic renovations
  • Insurance and taxes
  • Financing costs
  • Utilities
  • Owner's other expenses
The magnitude of each of these cost components depends on the nature, size and location of the project as well as many other considerations. The Construction Owner is interested in achieving the lowest possible overall project cost that is consistent with his business plan and investment objectives.

It is important for design professionals and owner's team to realize that while the construction cost may be the single largest component of the capital cost, other cost components are not insignificant. For example, land acquisition costs are a major expenditure for building construction in high-density urban areas, and construction financing costs can reach the same order of magnitude as the construction cost in large projects such as the construction of nuclear power plants.

From the owner's perspective, it is equally important to estimate the corresponding operation and maintenance cost of each alternative for a proposed facility in order to analyze the life cycle costs. The large expenditures needed for facility maintenance, especially for publicly owned infrastructure, are reminders of the neglect in the past to consider fully the implications of operation and maintenance cost in the design stage.

TBK initializes, monitors, implements, and runs the cost control process at every step of the project to ensure completion within the original allocated funding.