Engineers & Constructors for mining & infrastructure
Project oversight
Procurement, estimates & benchmarks
- Home
- > Project oversight
- > Procurement, estimates & benchmarks
Procurement, estimates & benchmarks by RTCMS
TacminMadini’s Real-Time Construction Monitoring System (RTCMS) integrates procurement, estimation, and benchmarking into a streamlined digital system, enabling precise capital control and transparent project management. Using first-principles estimation, RTCMS delivers clear net cost projections, focusing on essential overheads and profit margins with detailed OEM and supplier insights. This real-time system adapts resource allocation to project needs, allowing clients direct involvement in cost optimization. Through structured tender evaluations, RTCMS ensures all bids align with project objectives, promoting accountability, efficient partnerships, and on-budget execution from start to finish.
Optimized contract cost estimates
Equipment and resource optimization
Tender enquiries and adjudication
Optimized contract cost estimates
Optimized contract cost estimates
Our contract cost optimization methodology uses first principles cost estimation to establish net cost breakdowns that include only essential overheads and profit margins. By securing detailed quotes from OEMs and suppliers, we reprice tender bills of quantities, providing clients with a transparent, accurate cost breakdown. This approach optimizes contract costs, offering clients clear financial projections that reinforce trust and support efficient, value-driven project planning.
Key outcomes
| Transparent financial projections | First principles cost estimation delivers clear, detailed cost breakdowns, enabling clients to budget confidently and make informed financial decisions. |
| Optimized resource allocation | Repricing tender bills based on precise needs reduces waste and ensures efficient resource use, leading to streamlined project execution and cost savings. |
| Enhanced client trust | Our transparent cost projections and collaborative approach build trust, giving clients insight into cost optimization and passing savings directly to them. |
| Value-driven cost optimization | By focusing on lean principles, we drive down costs while maintaining quality, helping clients stay within budget and enhancing project value. |
Equipment and resource optimization
Equipment and resource optimization
Our resource-focused method scales costs based on project requirements, providing greater transparency than traditional unit rate contracts. Through detailed resource analysis, we enable clients to analyze and optimize resource utilization, giving them visibility into operating costs and the opportunity to actively participate in cost optimization. By reconciling initial estimates with actual costs, we pass savings directly to clients, enhancing efficiency and fostering a transparent, collaborative approach.
Key outcomes
| Improved cost transparency | Our approach offers clients a detailed view of operating costs, allowing for accurate budgeting and informed decision-making. |
| Customized resource scaling | Through focused resource analysis, we align resources precisely with project needs, reducing unnecessary expenses and ensuring optimal cost control throughout the project. |
| Collaborative cost optimization | Clients are actively involved in the cost management process, gaining insight into cost-saving opportunities and benefiting from a more transparent partnership. |
| Direct savings transfer | Any savings realized from aligning estimates with actual costs are passed directly to clients, maximizing project value and efficiency. |
Tender enquiries and adjudication
Tender enquiries and adjudication
Our tender enquiries and adjudication process provides a structured, transparent approach to selecting the best suppliers, contractors, and partners for each project phase. By thoroughly assessing each tender, we ensure that all bids align with project requirements, financial targets, and quality standards. Our methodology involves detailed evaluations based on cost, resource allocation, and project compatibility, allowing clients to make informed, value-driven decisions. This process fosters accountability and maximizes the likelihood of securing reliable partnerships that support efficient, on-budget project execution.
Key outcomes
| Informed decision-making | A structured adjudication process offers clients a comprehensive evaluation of each bid, providing clarity and confidence in selecting the best partners. |
| Alignment with project goals | Each tender is assessed to ensure that selected bids align closely with project specifications, timelines, and financial objectives. |
| Enhanced transparency and accountability | Our transparent approach to tender evaluation ensures accountability, building trust with clients and fostering a collaborative, results-focused partnership. |
| Optimized resource and cost efficiency | By selecting tenders that align with project needs and budgets, we help clients maximize resource utilization and achieve cost efficiency throughout project execution. |
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
