The establishment of cost limits, based on the client’s requirements;
Preliminary estimates of building costs based on the architect’s sketch designs;
Recommendations on designs, materials, specifications, etc. in order to keep within the cost limit;
Final estimates based on the working drawings and further recommendations on savings if required;
Recommendation on the utilization of local materials, managerial resources, etc. to stimulate local development;
ECONOMIC VIABILITY STUDIES
Investigation into the economic viability of projects based on the preliminary building cost estimate, method of finance, running costs and other variables;
Recommendations on the above to improve the viability;
Cost planning and control to ensure viability;
Discounted cash flow analysis;
Residual land value calculation.
Recommendation of the type of contract to be implemented, based on the current local building market conditions, the time for completion and the type of project; Compiling of traditional, elemental or activity orientated bills of quantities depending on the client’s needs;
Compiling of schedules of rates, specifications and other contract documentation for “Fast Track” project;
Investigation into the management and financial ability of tenderers and recommendation for the appointment of a contractor.
Projection of monthly certificate payments to the contractor based on various methods of forecasting cash flow such as the Californian S-Curve;
Monthly valuations of the work completed and recommendations for the amounts to be paid to the contractors;
Estimating value of variation orders to ensure cost control;
Measurement of provisionally measured quantities and variation orders to the contract, for inclusion in the final account;
Calculation of escalation in building costs in accordance with the terms of the contract;
Settlement of the Final Accounts with the contractors.
VALUATION OF BUILDINGS
Valuation of existing buildings for insurance or finance purposes;
Valuation of the amount of work completed at termination of building contracts.