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SCHEMATIC DESIGN AND DESIGN DEVELOPMENT <br /> • What are the next steps in controlling costs? <br /> It is wishful thinking to assume that once the <br /> project's program budget is established and <br /> properly documented, that this is all that is <br /> o necessary for cost control. At the beginning of the <br /> schematic design period, the cost controller, the <br /> a architect and the project director must establish a <br /> ® clear set of cost control objectives for the <br /> � D <br /> upcoming design development and be aware of cost <br /> o control principles which will achieve these <br /> _ objectives. Although these may vary somewhat from <br /> © project to project they should include all or most <br /> o v of the following: <br /> Cost control objectives <br /> 1. To complete the project within the approved <br /> capital budget limits you have established and <br /> to meet the required program standards. <br /> 2. To provide, within the budget limits, the <br /> • best possible use of resources and value for <br /> money, including a well balanced allocation of <br /> money to each element of the project with <br /> The building committee pays close _ recognition given to particular program <br /> attention to the project's budget while priorities. <br /> neyiewing the schematic design. <br /> 3. To optimize long-term life-cycle costs by <br /> examining alternatives that produce the best <br /> balance between initial capital expenditure <br /> and ongoing operating and maintenance costs. <br /> 4. To provide information on project budget <br /> status regularly, rapidly, and in the proper <br /> detail to enable the client to make necessary <br /> decisions. <br /> 5. To forecast and monitor project cash flow. <br /> • <br /> 10 <br />