Why does there increasingly appear to be no rigorous cost control during the design process for single luxury residential developments/refurbishments when compared with the cost control measures put in place for larger projects such as multi-residential, commercial and government projects, or even when compared to the lower ‘spec-home’ market?

More and more, owners of single luxury residential developments, or those refurbishing existing properties, are becoming frustrated that the initial cost parameters set or the initial cost indications provided to them does not match the final tender received. Most notably, cost control measures for developments/refurbishments of single residential dwellings of…