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Estimating and cost advice

  • Preparing estimates to varying degrees of accuracy dependent on the level of design information available
  • Preparation of project cashflow
  • Providing financial design criteria advice
  • Risk analysis and contingency calculations
  • Trending of costs and comparison exercises (life cycle costing) with alternative designs
  • Advising on contract and tendering procedures and other administrative aspects of the project, relative to capital costs
  • Providing reliable cost advice through the use of sophisticated techniques, extensive cost data banks and an intimate knowledge of building and construction economics

Cost Planning

  • Ensuring that Clients get value for money, not only with regard to the capital cost but also in respect of the running and maintenance cost of a project.
  • Monitoring actual costs against original budgets thereby enabling decisions on various design alternatives to be made.

Property development advice

  • Considering the cost limits of the client’s budget while at the same time ensuring the building meets the functional dimensional and technological requirements for which it was designed, and that it is aesthetically pleasing.
  • Pre-design feasibility studies involving technical and/or economic investigations thereby enabling a client to decide whether, and in what form, to proceed.

Procurement – Advice on tendering procedures and contractual arrangement

  • Tender procedures
  • Pre-qualification
  • Multiple procurement
  • Negotiations
  • Contract conditions
  • Financial pricing schedules
  • Sub contracts – selected and nominated
  • Direct contracts
  • Tender evaluation

The work involved entails:

  • Formulating an appropriate form of contract for any given project depending on the nature of the project, the circumstances under which the work is to be carried out and the particular needs of the client.
  • Advising clients on the most advantageous procurement methods available, including: Contracts incorporating bills of quantities, provisional bills of quantities and schedules of rates.
  • Preparing documents for the procurement of contractors.
  • Evaluation of tenders and preparation of reports and recommendations for submission to the principal agent/client.
  • Finalization of all contract documentation after the award and preparation of the documents for formal signature in close liaison with the principal agent/client. Submission of the documents to the principal agent/client for formal signing by the parties involved.

Negotiated, lump-sum, managed and cost plus contracts, Package deals, turnkey offers, etc.

  • While Bills of Quantities are generally regarded as the most economical and best method of obtaining a competitive price, there are alternative methods and types of tender
  • Documentation available is discussed and carefully examined with the client, in consultation with the architect and other professionals so that the client makes an informed decision.

Financial status reporting systems

  • Commitments and expenditure
  • Forecast final costs
  • Financial viability monitoring
  • Budget / cost plan status evaluation
  • Cash flow (income and expenditure) management

Contract administration which encompasses

  • Valuation for payment
  • Cash flow management
  • Project payment scheduling
  • Change control
  • Final account

Final account in respect of the contract

  • Measuring and valuing work in progress.
  • Determining the value of variations ordered by the architect or engineer.
  • Ensuring that a fair and equitable settlement of the cost of the project is reached in accordance with the contract conditions.
  • Ensuring that the financial provisions of the contract are properly interpreted and applied.
  • Issuing a final project / final account reconciliation statement.

Other Quantity Surveying services include:

  • Material list and values, Quantity surveying services in respect of civil, mechanical, and electrical work, Property economics, Project management and Fast track construction.