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Independent Eyes.
Stronger Decisions.

When the stakes are high — contractor bids, EPC lump sums, FEED estimates or capital budget submissions — an independent third-party review from CAF Corporation gives you the confidence that the number on the page reflects reality.

Review Process

How We Review Your Estimate

Our review process is structured, transparent and benchmarked — not a qualitative opinion, but a data-driven comparison against executed project costs and industry standards.

01
Scope Receipt & Analysis
We review the estimate basis, project scope definition, BOQ and assumptions to understand what is — and is not — included.
02
Benchmark Comparison
Line-by-line cost elements are benchmarked against Kpex executed project data for the relevant project type, size and geography.
03
Methodology Audit
We assess the estimating methodology, escalation treatment, contingency basis, indirect costs and productivity assumptions for reasonableness.
04
Gap & Risk Identification
We identify scope gaps, missing line items, outlier pricing, aggressive assumptions and areas of material risk — documented with evidence.
05
Review Report Delivery
A full written review report with findings, supporting benchmarks, recommended adjustments and a concluded cost range is delivered to your team.
Service Scope

What We Review

CAF Corporation provides independent cost review services across the full spectrum of capital project estimate types and delivery models.

01 — Contractor Bids
EPC & EPCM Tender Review
Independent validation of lump-sum, reimbursable or target-price contractor bids against market benchmarks — before you sign the contract.
02 — Owner Estimates
Internal Budget Validation
Challenge and validation of internally generated project budgets, AFE submissions and board-level capital estimates against peer project benchmarks.
03 — FEED Estimates
Pre-FEED / FEED Benchmarking
Independent review of FEED-stage estimates for completeness, methodology robustness and alignment with executed project cost outturn data.
04 — Change Orders
Variation & Claim Assessment
Independent assessment of contractor change order claims and variation pricing — benchmarked to market rates to support commercial negotiations.
05 — Lender Review
Due Diligence for Project Finance
Independent cost estimate review for lenders, investors and project finance institutions — structured to meet due diligence and bankability requirements.
06 — Litigation Support
Expert Cost Witness
Expert cost evidence preparation and witness services for dispute resolution, arbitration and litigation involving project cost matters.
Why Independent

The Value of a Neutral Perspective

An independent reviewer has no stake in the outcome — and that objectivity is exactly what high-stakes cost decisions require.

No Commercial Conflicts
CAF Corporation has no relationships with equipment suppliers, contractors or engineering firms — our review reflects the market, not an interest in the outcome.
Data-Driven Findings
Every finding is supported by Kpex benchmark data, executed project references and published industry indices — not qualitative opinion.
Fully Documented Output
Our review reports are structured, referenced and audit-ready — suitable for board presentations, lender submissions and dispute proceedings.
Fast Turnaround
We understand that reviews are often time-critical. Our structured approach and ready access to benchmark data allows rapid delivery without compromising quality.
Global Sector Coverage
From oil and gas to renewables, infrastructure and buildings — our benchmark data and sector expertise cover the full range of capital project types.
Senior-Led Reviews
Every review is led by a senior cost engineer with deep project experience — not delegated to junior analysts. You get expert judgment, not a template exercise.
Need an Independent Cost Review?
Tell us about your estimate type, project sector and review timeline. We will respond within 24 hours.
Request a Review