Services
Estimating and Cost Advice
- Receiving commission / instruction from the client and advising on various courses of action and procedures to suit the particular requirements of the project
- Compiling cost estimates and updating thereof
- Feasibility studies
- Providing financial design criteria advice
Documentation and Procurement
- Preparing documents for procurement of construction contracts (Bills of Quantities, Schedule of Rates, Provisional Bills of Quantities, etc.)
- Calling for tenders or negotiating the construction cost with a contractor
- Financially evaluating and reporting on tenders, including financial comparisons with budget
Project Administration
- Examining and verifying priced documents including preparing same for incorporation into the signed contract
- Preparing the procurement documentation for subcontracts
- Examining and reporting on tenders for subcontracts, including financial comparison with budget
- Preparing schedules of predicted cash flows
- Attending progress meetings on site at reasonable intervals to suit the nature and size of the project in order to ensure acquaintance with contractual matters and matters affecting costs
- Attending other meetings at reasonable intervals to suit the nature and size of the project
- Preparing valuations for the issue of payment cert ificates including calculating, evaluating or verifying fluctuations in cost applicable to the contract
- Preparing on a pro-active basis estimates of cost for proposed variations for client decision-making
- Maintaining a running financial management statement on a mont hly basis and monitoring against the financial budget
- Proceeding with preparing final account
- Adjudicating and resolving the financial and contractual aspects of claims between the client and the contractor, excluding services related to mediation, arbitration and litigation
Final Account
- Determining and agreeing all variations and adjustments for incorporation into the final account
- Agreeing and finalizing all subcontracts and adjusting against provisional amounts
- Concluding the final account, including fluctuations in costs (if appl icable)
- Preparing and presenting the final account to t he client, including any necessary reconciliations and explanations against the final budget