Optimising Costs & Performance: Benchmarking for Commercial Construction

Benchmarking provides valuable insights into cost performance and efficiency for commercial projects.  It involves the systematic comparison of project costs, processes and performance metrics against industry standards and best practices, offering a powerful tool for decision-making and continuous improvement.

We understand that in the competitive commercial construction sector, having a clear understanding of how your project measures up against similar endeavors is invaluable. Our benchmarking service aims to provide this perspective, helping clients make informed decisions, optimise costs and improve project outcomes.

Key aspects of our benchmarking service include:

• Cost Benchmarking: We compare project costs across various elements and categories with similar projects in the industry. This can include overall cost per square meter, costs for specific building elements, or costs for particular types of spaces or facilities.
• Performance Benchmarking: Beyond just costs, we also benchmark performance metrics such as construction speed, energy efficiency, and space utilisation.
• Process Benchmarking: We evaluate project delivery methods, procurement strategies, and management processes against industry best practices.
• Market Rate Analysis: We provide insights into current market rates for materials, labour, and services, helping clients understand how their project costs align with market norms.
• Sustainability Benchmarking: As sustainability becomes increasingly important, we offer benchmarking of environmental performance and green building standards.

Effective benchmarking is not just about producing numbers, but about providing context and actionable insights. Our quantity surveyors don’t just present data, they interpret it, explaining what the benchmarks mean for your specific project and how they can be used to drive improvements. We tailor our benchmarking approach to each client’s needs. Whether you’re looking to validate cost estimates, identify areas for efficiency improvements or demonstrate value for money to stakeholders, we can provide benchmarking services that meet your specific requirements.

Our commitment to accuracy and reliability is paramount in our benchmarking service. We use robust methodologies to ensure that comparisons are meaningful and like-for-like. Where direct comparisons aren’t possible due to unique project features, we provide clear explanations and adjustments to ensure the benchmarking remains valuable. Through our benchmarking service, we aim to empower our clients with the knowledge they need to make confident decisions, optimise their projects, and stay competitive in the dynamic commercial construction market.