Cost and Risk Advisory

Assessing the risk of geotechnical and environmental ground conditions are notoriously problematic on construction projects. We have worked closely with the University of Newcastle to develop bespoke probabilistic modeling to alleviate these risks.

CARAS’ cost and risk advisory services are underpinned by our industry experts who have delivered more than $500m worth of transactional advice to date.

We use our extensive experience and comprehensive knowledge of industry rates to derive a detailed and traceable cost estimate of your project from first principles.

Services Provided


  • General Cost Advice
  • Capital Investment Valuations (CIV)
  • Cost Planning
  • Feasibility Estimates
  • Pre-Tender Estimates
  • Business Case Proposals
  • Probabilistic Modelling (P50/P75/P90)
  • Risk Management


  • Procurement Strategy
  • Pricing Schedule Preparation
  • Method of Measurement Preparation
  • Tender Cost Evaluation
  • Tender Qualification Analysis
  • Project Cost Plans
  • Risk Management
  • Contract Negotiation


  • Progress Claims Assessments
  • Variation Claim Assessments
  • Dispute Resolution
  • Cost to Complete Analysis
  • Cost control
  • Project Financial Reporting
  • Probabilistic Modelling (P50/P75/P90)
  • Risk Management

Post Construction

  • Variation Claim Assessment
  • Dispute Resolution
  • Contract Negotiations
  • Expert Witness Reports
  • Commercial Close Out
  • Defect Liability Period Management
  • Risk Management
  • Close Out Reporting