Benchmarking is the process of collecting and comparing data. Trident captures valuable cost data from completed projects to inform our cost modelling and to continuously improve our forecasting of construction cost for the benefit of our clients. At the inception stage, we use our cost data to establish realistic budgets.
Benchmarking can be applied to a whole project or to particularly elements to:
We use benchmarking to provide our clients with evidence of actual costs and inform decision making during the deign process to evaluate alternative design solutions and procurement methodologies. We aim to deliver efficiencies to continuously improve performance upon previous projects.
We advocate the use of Key Performance Indicators (KPIs) during the construction stage to monitor and improve performance throughout the project.