Mining, Infrastructure, Asset Management, Property
Project oversight: Cost estimation & benchmarking
Accurate estimates, optimised tenders, benchmarked decisions
- Home
- > Project oversight
- > Cost estimation & benchmarking
Cost estimation and benchmarking
From first principles to final decision — pricing with purpose, backed by insight.
Summary overview: Our cost estimation and benchmarking services provide clients with a complete pricing intelligence solution—built from first principles, optimised through resource analysis, and validated with independent benchmarks. From developing transparent, bottom-up estimates to enhancing tenders and comparing contractor submissions, we ensure every cost is understood, every rate justified, and every procurement decision backed by data. Whether preparing to tender, reviewing bids, or defending project budgets, our structured approach delivers commercial confidence and execution certainty at every stage.
First-principles estimation & tendering
Resource analysis & tender optimisation
Cost benchmarking & shadow bidding
First-principles estimation & tendering
First-principles estimation & tendering
Accurate pricing built from the ground up
We develop detailed, bottom-up cost models based on real resource inputs, productivity rates, and local conditions. This forms the foundation for reliable tender submissions, transparent procurement processes, and project execution planning. All estimates are structured to align with scope, schedule, and delivery expectations.
Key outcomes:
- Transparent and defensible tender pricing
- Scope-aligned cost models with traceable assumptions
- Reduced risk of cost overruns due to poor initial estimates
- Improved contractor and client alignment from the outset
Resource analysis & tender optimisation
Resource analysis and tender optimisation
Optimised resource strategies that sharpen your competitive edge
Using advanced estimation software and scenario modelling, we analyse the cost-efficiency of resource allocations and work packages. This helps optimise tender submissions, streamline productivity assumptions, and ensure commercial alignment with project delivery realities.
Key outcomes:
- More competitive and realistic tender submissions
- Identification of inefficiencies in planned resource use
- Enhanced alignment between project planning and pricing strategy
- Informed adjustments to increase margin or reduce exposure
Cost benchmarking & shadow bidding
Cost benchmarking and shadow bidding
Independent pricing intelligence to back your decisions
We provide owner-side benchmarking and shadow bidding support to evaluate contractor estimates and market submissions. Our structured cost models allow clients to compare tenders against real-world benchmarks, identify outliers, and make confident procurement decisions.
Key outcomes:
- Data-backed comparison of contractor bids
- Identification of over- or underpriced cost components
- Increased confidence in adjudication and negotiation
- Support for cost control and value assurance throughout delivery
Why it matters: At TacminMadini, cost estimation and benchmarking are not isolated tasks—they’re integral to securing predictable, bankable, and executable project outcomes. By combining detailed first-principles costing with intelligent optimisation and market-aligned benchmarks, we provide more than numbers—we provide clarity, accountability, and decision-ready insights. Clients benefit from improved tender outcomes, stronger procurement positions, and long-term cost control. Whether validating contractor pricing or preparing for execution, our integrated approach ensures your project starts with confidence and stays financially aligned through delivery.it from transparent processes, enhanced collaboration, and precise execution, ensuring every project meets its objectives with accuracy and efficiency.
Explore more services in PROJECT OVERSIGHT here:
Mining project control centre
In addition to assisting our clients in delivering projects on time and within budget, it is at our project control centres where we connect digital training content with practical and classroom-based learning to ensure competence through technology.
our off-site project control centre
works in close collaboration with
our on-site project control expertise
