A Northern Ireland based construction company has saved in excess of £100,000 following a period of engagement with Specialist Cost Auditors.
Portview Construction in Belfast is a company specialising in retail fit-outs and office refurbishments in the public and private sectors all over the UK and Ireland.
The company’s Finance Director, Simon Campbell, believed there was an opportunity to save the company money so he met with Specialist Cost Auditors owner, John McGowan, to discuss different categories where expenditure was high.
As part of the company’s drive for quality and efficiency this proved to be a very worthwhile step.
Mr Campbell said: “Sourcing alternative suppliers within the building industry has become increasingly difficult due to stringent quality and service requirements. I am also keenly aware of the need to control and reduce costs and for these reasons it made sense to engage Specialist Cost Auditors.
“The team, with its wealth of supplier and pricing knowledge, has been an invaluable resource to our organisation. The Specialist Cost Auditors took great care in understanding our needs, and, for each area of expenditure we asked them to review, they undertook a thorough analysis.”
As part of their initial meeting Mr McGowan demonstrated how the Specialist Cost Auditors ‘Value Improvement Programme’ would add value to the assessment of Portview Construction’s strategic and non-strategic expenditure.
Mr McGowan and his team then began an analysis of the expenditure on buildings materials, insurance and bank fees, existing suppliers while benchmarking pricing against industry standards.
A series of cost reduction exercises were carried out to establish the business costs in more in-depth detail. The team examined on-site data collection, analysis, benchmarking and tendering processes. The results achieved for Portview Construction were significant.
The SCA team set to work with on-site data collection, analysis, benchmarking and tendering. After negotiating and implementation had been agreed, the results that the SCA team achieved were quite significant.
Mr McGowan said: ” The construction industry here in Northern Ireland suffered a five year slump and, although there are signs of improvement, companies need to be smart about their spending.
“Portview Construction is run by a team of smart people who identified the need to engage with specialists. The company has certainly reaped the rewards by taking control of their expenditure.
“We are a team of consultants who help you reduce costs, save money and perform better. We assist companies like yours to think strategically, spend smarter, increase profitability and boost efficiency. We offer a value for money service which empowers companies to build on a more sustainable future.
“We are here to help. Don’t miss out on big savings.”
If you are running a construction company and want to save money can contact John and his team TODAY by simply ringing a number below.
• Belfast Office – 02890 480066
• Dublin Office – 00353 1 536 3235
• London Office – 0207 849 3407
• Edinburgh Office – 0845 277 0921
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