Our Services
Planning Stage
Land Appraisal Studies
Preparation of studies showing the financial implications of various forms of land utilisation, projections of anticipated profits from the various alternative site usages, and hence the economic value of the land.
Feasibility Studies
Preparation of reports covering site costs, construction costs, cash flow, interest and realisation for inclusion 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.
Pre-Contract Stage
Cost Estimating and Design Cost Control
Preparation of budget estimates of construction costs broken down into various elements. Utilizing 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 realised within the client’s budget.
Contract Documents
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 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.
Bid Evaluation
Detailed analysis of contractor’s bids with particular reference to completeness, accuracy and reasonableness. Preparation of final budget and projected cash flow figures.
Post Contract stage
Valuation of variations and Cost Control
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.
Interim Payment
Measurement and valuation of construction work completed for the purpose of making interim payments on account to the contractor during the construction period.
Final Account
Measurement and preparation of a detailed final account on complete of construction, including negotiation and settlement with contractors and sub-contractors.
Cost analysis
Detailed analysis of construction costs into construction elements for use in planning future projects.