Carter Hones Associates celebrates growth of cost consultancy team

Homegrown player Carter Hones Associates has hit a milestone: the 1-year anniversary of its last year established Cost Consultancy team.

Founded in 2010, Carter Hones Associates is a project consultancy that helps builders and their providers with planning and delivering their projects, within budget and on time.

Complementing its traditional project management and commercial management services, Carter Hones Associates twelve months ago launched a cost consultancy service line, with the aim to help clients gain better grip on project spending through cost estimations, project controls, and risk management.

To kickstart the offering, Carter Hones Associates brought cost experts and quantity surveyors on board – professionals that specialise in assessing and managing costs through all stages of a project lifecycle.

“We are thrilled to celebrate our first year in business for the Cost Consultancy team. The growth we’ve experienced has significantly exceeded our expectations – we have seen an overwhelming demand for the offering across all sectors, particularly in master planning and infrastructure projects,” reflected Zane Heasman, Partner and Chief Commercial Officer at Carter Hones Associates.

Without providing further details on team growth and clients, the consulting firm did state that it managed to bag cost consultancy projects across its footprint in Dubai, Abu Dhabi and Riyadh.

“Our success is based on the personalised service we are able to provide to all of our clients, tailoring our services to individual project needs. We believe in the power of collaboration, and our partnerships and framework agreements are a testament to that,” Heasman said.

Looking ahead, Heasman said the service enjoys a “robust project pipeline” and “exciting outlook”, in particular in markets that are seeing a construction boom in the slipstream of ambitious national strategies.

With capital projects becoming larger, more complex and riskier, demand for cost control is on the up. This is particularly pronounced in the Middle East, where construction projects run the highest risk of overruns in costs and delivery, with claims on derailed projects averaging over $150 million per project.