SERVICES
Elemental Quantity Surveyors Limited is an independent property development consultancy dedicated to delivering expert advice and exceptional service to our clients. We focus on providing high-quality, cost-effective solutions efficiently. We work alongside developers, financiers, builders, and project managers to minimise risk and ensure that your project is managed with precision and care.
PRE-TENDER
Feasibility Studies
A feasibility estimate is a high-level analysis of a proposed project, using concept design drawings or, in some cases, no drawings. This report helps determine whether the development is technically and financially viable and is supported by live benchmarking from projects of a similar size and nature. It is an important step in the early stages of a construction project and is typically carried out before detailed drawings are developed.
Cost Planning
A cost plan is a document prepared at various stages of design to ensure the proposed project remains within budget. During this stage, we carefully review the drawings and documents and prepare a report that indicates the likely order of probable costs associated with construction. The main difference between a cost plan and an estimate is that a cost plan includes items that are yet to be designed but are likely to be required.
Construction Cost Estimates
A construction cost estimate is a document prepared prior to tender. After a careful review of all documents and drawings, we measure and estimate the cost associated with all elements of the building. The main difference between an estimate and a cost plan is that an estimate typically includes items that are documented and excludes items outside the builder's scope of work.
Schedules of Quantities
A schedule or bill of quantities is a document that describes and quantifies the scope of works for a construction project. It is used to break down the cost of a project and serves as an important tool to assist builders with pricing, providing an even playing field for all contractors.
TENDER
Schedule of Rates
A schedule of rates is a document used by a contractor to price each item within the schedule of quantities during tender submissions. This is typically built up using first principles by estimating cost, cartage, waste, fixings, equipment, and labour (CCWFEL). This document is also used to assist in reviewing the cost of variations.
Advice & Recommendations
After careful review of the tender and analysis, we prepare a document that comments on our findings. This document includes advice and recommendations moving forward to mitigate risk.
Tender Review & Analysis
Tender review and analysis is a process in which we assess each contractor's tender submission to ensure it conforms to the request for tender. We review the relevant documents, including drawings, contract sum, trade breakdown, scope of works, exclusions, provisional and prime cost sums, programme, insurance policies, building licenses, previous projects, and suitability as a contractor.
FINANCIER REPORTING
Initial Reports
The initial report is a document required for the bank to approve financing. This report is tailored to the financier's brief and informs the bank of any risks associated with the project.
This report ensures that all required documents and consents are completed. We undertake a cost verification estimate for every project to confirm its feasibility.
Progress Reports
Progress reporting is carried out each month throughout the duration of the project. This report is tailored to the financier's brief and informs the bank of the progress of works on-site.
In order to complete a progress report, we undertake a site inspection, review the contractor's progress claim, assess the programme in relation to works completed on-site, and ensure all relevant documentation is in order.
POST CONTRACT
Independent Progress Certification
Once we receive a contractor's claim, we organise a site inspection, review the contractor's progress claim, insurance policies, and council/engineering inspection reports, monitor the milestones within the construction programme, and ensure all relevant documentation is in order to protect our client's interests.
Reinstatement Cost Assessments
A reinstatement cost assessment (RCA) is a document used for insurance purposes. We estimate the cost of demolition and construction, including consultant fees, to ensure that you are adequately covered by your insurance policy in the event that the property is destroyed or damaged.
Variation Assessment
A variation assessment is the process of determining whether the builder is entitled to raise a variation under the contract. If they are, we quantify and omit the original quantities from the tender drawings and measure the updated quantities from the revised drawings to assess the fairness of the builder's claim for costs associated with the variation.