Cost Reduction
We Are Your Risk-Bearing Project Manager
In residential housing projects in Kuwait, this concept can be highly effective. The idea leverages the expertise of our team to manage the project in a way that balances quality and cost while assuming a portion of the risks related to expenses and timelines. In return, we benefit from future incentives and profits
How to Implement This Model
1. Company's Assumption of Financial Risks
We can contribute to the initial financing of the project, taking on a portion of the financial risks. For instance, the company may cover any budget overruns or project delays.
In case of the project’s success, We would receive a share of the profits or additional returns. This model not only incentivizes the company to manage the project efficiently but also aligns its interests with the success and profitability of the project, ensuring a win-win collaboration.
2. Innovation in construction technologies
We can introduce advanced construction technologies or manufacturing methods that optimize material usage and reduce construction timelines. This approach lowers overall costs and accelerates project delivery.
Implementing modular construction techniques or utilizing sustainable, cost-effective materials could serve as an efficient solution, ensuring both economic and environmental benefits while enhancing project efficiency and appeal.
3. Cost Control & Management
As part of risk management, we conduct meticulous monitoring of operational costs and enhances resource management. This approach helps in:
- Reducing unforeseen expenses
- Ensuring adherence to the specified budget
Such practices promote financial discipline and ensure the project’s profitability and smooth execution.
