Realigning Budgets and Achieving Cost Savings with Eolus

Overview

In 2024, Eolus partnered with a top 10 real estate services firm to streamline the cost estimation and planning process for a medical office fitout.

The firm required efficient, accurate pricing to evaluate multiple spaces and layouts, ensuring the tenant's needs were met while adhering to budget constraints.

Eolus provided the necessary tools to explore six base scenarios, enabling a quick and confident decision for the final space selection.

Facing Risks & Uncertainty

The real estate firm faced the challenge of balancing tenant preferences, budget limits, and construction timelines. With multiple spaces and layout options to consider, traditional methods risked delays, scope uncertainty, and cost overruns.

Ensuring design teams, landlords, and contractors aligned on pricing and scope would have required significant time and resources without Eolus.

Scenario Analysis

Eolus provided real-time cost estimation for multiple programmatic layouts, enabling data-driven decision-making. By delivering pricing transparency and scenario analysis, Eolus facilitated the selection of an optimal space.

The platform ensured scope inclusion while staying within budget, satisfying both the tenant's requirements and the firm's financial targets. It also accelerated the project timeline by streamlining collaboration.

Measurable Results

Eolus delivered significant value throughout the project lifecycle, achieving measurable improvements in cost, time, and risk management. The platform's benefits included:

Time Savings

The project timeline was reduced by four months, enabling faster tenant occupancy and operational readiness. This was achieved through streamlined communication and real-time decision-making supported by Eolus.

Cost Reduction

By optimizing the scope and aligning all stake holders, Eolus helped reduce construction costs by 5%, saving the tenant and real estate firm significant expenses.

Risk Mitigation

Eolus minimized exposure to schedule and cost risks by fostering transparency and collaboration among the real estate firm, tenant, design team, and contractors.

Cross-Team Collaboration

The platform empowered the architect and engineers to design with pre-optimized scopes, ensuring plans met expectations from the start.

Eolus provided all stakeholders with the tools to make informed, confident decisions, resulting in a smoother process and better outcomes.