ESTIMATING

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.

 

CONTRACT DOCUMENTATION

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.

 

CONTRACT ADMINISTRATION

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.