Preparation of studies showing the financial implications of various forms of land utilization, projections of anticipated profits from the various alternative site usages, and hence the economic value of the land.
Preparation of reports covering site costs, construction costs, cash flow, interest and realization for inclusions in overall projected capital expenditure for proposed development. For example in the case of hotels, studies would be made of tourism statistics, market research, capital expenditure, possible financing and projected cash flows, profit and loss computations for different occupancy levels, and so on. If required, the study would include advice and assistance for negotiating a suitable leasing agreement.
Preparation of budget estimates of construction costs broken down into various elements. Utilising these economic control factors as design guidelines to ensure that the final detailed design falls within the budget cost. Collaboration with client and design team to ensure that maximum space and quality are realized within the client’s budget.
Preparation of Bidding and contract documents for the main contract and specialist sub-contracts as required by local conditions. These documents may be used for negotiation or competitive bidding and would include fun legal and contractual requirements. Normally, the documents would comprise: Bidding requirements, instructions to Bidders, Form of Bid Proposal, Conditions of Contract, Specifications or Detailed Bills of Quantities. The Bills of Quantities would include specification and quantities of all labour and material required to complete the works. The detailed Bills of Quantities will be used by the contractors to price their bids. As all contractors will be pricing the same quantities, which are only prepared once, and paid for once, all bids will be received having been priced on an identical interpretation of the extent of works required.
The Bills of Quantities will also greatly assist the successful contractor in assessing his labour and material requirements, programming, site management and so on. They will also form the basis for evaluating the cost of additional works and variations from the contract drawings.
Detailed analysis of contractor’s bids with particular reference to completeness, accuracy and reasonableness. Preparation of final budget and projected cash flow figures.
Measurement and valuation of variations and control of construction costs throughout the construction period to safeguard against the final cost exceeding the initial cost other than by expenditure authorized by the Client.
Measurement and valuation of construction work completed for the purpose of making interim payments on account to the contractor during the construction period.
Measurement and preparation of a detailed final account on completion of construction, including negotiation and settlement with contractors and sub-contractors.
Detailed analysis of construction costs into construction elements for use in planning future projects.
Preparation of Claims, including investigations and negotiations of claims involving accidents to Buildings. This is however best suited to Insurance Companies.
Especially suited to Insurance Companies, but involves the estimating of the current cost of rebuilding properties as a basis for evaluating Insurance premiums. Replacement Costs better prepared by Quantity Surveyors.
The firm is able to provide through its close collaboration with other professional firms, a complete Construction Management Service including:-
Because of our involvement in financial control, legalities, specification, measurements, quotations, correspondence and so on, from an early stage of any project, it is often considered an advantage to use our services as managing consultants, co-ordinating all client consultants, contractors, sub-contractors, specialists’ requirements, etc., in order to obtain optimum value and standards for the overall project.
An independent service best suited to large sized project development usually requiring an economic appraisal of overall design concepts, end advising on economic alternatives to ensure property development at optimum cost.