Stage 1: Inception
- Preparing project brief and documentation program
- Advising on procurement policy and procurement instructions
- Advising on economic factors and financial design criteria
- Preparing professional service contract agreement and appointment arrangement.
- Defining and preparing a detailed scope of works for required professionals
Stage 2: Concept and Viability
- Prepare documentation program for design stage
- Attend design and consultants’ meetings
- Prepare preliminary cost estimates
- Prepare financial feasibility studies
- Review and evaluate design concepts and design advice.
Stage 3: Design Development
- Review documentation program and project scheduling
- Evaluate and review design concepts and specifications
- Prepare detailed cost plans, elemental cost estimate, bill of quantities
- Prepare and review financial feasibility studies
- Prepare area schedules and advise on space allocation
- Apply value engineering
- Recommend cost effective materials
- Prepare health and safety specification
Stage 4: Documentation and Procurement
- Formulating the procurement strategy for contractor
- Perusal of drawings to comply with approved budget.
- Preparing and compiling tender documents.
- Attend tender clarification meetings
- Conduct financial tender adjudication and tender reports
- Preparation of contract documents, negotiating and contract signing.
Stage 5: Construction
- Attend site handover meetings, technical and progress meetings.
- Prepare comprehensive cost reports, cash flow projections, client budget reports.
- Monitor and control costs during construction to prevent cost overruns, fruitless and un-authorized expenditure.
- Reporting on cost variations and contractual claims, variation orders applications
- Adjudicate and resolve contractor’s financial claims, extension of time claim
- Prepare monthly valuations for interim payment certificates and recovery statements
- Proper contract administration
Stage 6: Close Out
- Preparing and settling final accounts
- Prepare valuation for final payment certificate and reconciliation statement
- Prepare fee accounts based on appropriate fee scale and conditions of appointment
- Calculation of contract price adjustment (price escalation)
- Handing over of maintenance and operational manuals, as-built drawings, etc.
Additional services
- Project monitoring – to carry out a watching brief and financially monitor the project.
- Tenant reports – tenant specification costing and offer to lease comparison vs approved budget.
- Tenant accounts – preparing accounts for tenants regarding monies due to or payable by the tenant based on the singed offer to lease.
- Value Management – to enable a methodical multi-disciplinary creative process to produce alternative methods, designs and construction procedures with the objective of maximising the functional and economic value of the project to enhance the return on investment.
- Property valuations for insurance purposes
- Project Management
