Inception and design stage:
Preparing initial broad estimates of cost and providing other such cost advice as may be required to establish parameters. Preparing viability studies for commercial projects, incorporating preliminary building costs, market related rentals, land cost, finance and interest charges, etc., to establish the viability of the project. Preparing elemental or another acceptable form of cost plan to suit the Client’s brief, and updating as costing design alternatives and scope changes.
Preparing procurement documentation for tender or negotiation purposes, including provisional or firm bills of quantities, lump sum contracts, etc.
Examining and verifying Contractor’s tender, including checking the priced bills of quantities and preparing same for incorporation into the signed Contract Document. Examining and reporting on tenders for sub-contract work, including financial comparisons with budget where applicable. Preparing cash-flow schedules for anticipated interim payments. Attending management report meetings at reasonable intervals to suit the nature and size of the project, including presenting updated cost reports appraising the Client of the cost implications of aspects of the project. Preparing valuations for the issue of interim payment certificates, including calculating, evaluating or verifying cost escalation as applicable. Preparing estimates of cost for proposed variations/scope changes for Client decision-making and maintaining a running financial statement and controlling expenditure against the cost plan.
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