5D: Creating Cost Certainty

David MitchellPartner & 5D Quantity SurveyorTuesday 22nd October

How Does 5D Benefit the Owner?

5D creates cost certainty by:

• Early cost decisions - more alternatives

• Cost transparency - stronger negotiation capability

• Real-time estimates - greater accuracy & less contingency

More alternatives & stronger negotiations

Source: Mitchell Brandtman

Greater accuracy & less contingency

% Change

Entire Contract:

Extensions of Time (38 No) + 57%

Variations (321 Claims) + 27%

Structural Steel Component (15%):

Extensions of Time (zero) + 0%

Variations (5 Claims) + 2%

Source: Mitchell Brandtman

What Does Successful 5D Require?

Successful 5D requires:

• Leadership: wisdom

& know how

• Plan: process,

behaviour & technology

Source: Mitchell Brandtman