Project Costing & Value Engineering
Aldar's dedicated Costing Division provides specialist cost management, value engineering, and financial analysis services for engineering and infrastructure projects. This capability is rare in the Oman market — combining deep technical project knowledge with structured financial discipline — enabling our clients to make informed decisions, optimise expenditure, and protect project viability from concept through to close-out.
Core Capabilities
- Concept-stage cost estimation and feasibility analysis
- Detailed bill of quantities (BOQ) preparation
- Activity-based costing (ABC) for engineering projects
- Value engineering studies and alternative option analysis
- Whole-life costing and lifecycle cost analysis
- Tender pricing review and bid evaluation support
- Variation order assessment and negotiation support
- Cost benchmarking against Oman and GCC market rates
- Budget tracking, forecasting, and cost reporting
- Risk quantification and contingency modelling
- Claims assessment and dispute resolution support
Value Engineering Approach
- Function analysis — identify what the project must deliver
- Creative alternatives — generate cost-effective options
- Technical evaluation — compare performance and risk
- Financial modelling — quantify savings and payback
- Implementation — integrate changes into project baseline
- Typical VE savings: 10–25% of project cost
- Applied at concept, design, and pre-construction stages
- Independent review services also available
