Construction Projects Financial Management
Consultant Contract Management are represented by a team of Quantity Surveyors with a combined experience of 50 years in the construction industry.
Consultant Contract Management are represented by a team of Quantity Surveyors with a combined experience of 50 years in the construction industry.
The nature of construction can regularly result in the ‘unforeseen’ so it is imperative that you have the right people early on, with the right skills to protect your company, your reputation and your cashflow. Retention, Main Contractors discount, cost increases, inflation and delays can have detrimental impact on staying cash positive. These things need to be addressed at contract stage. Prevention is better than cure. You do not have to accept that ‘this is how it is’ when you realise your profit isn’t how you originally envisaged.
To run a successful construction business, you need to understand your numbers. Tendering can be a minefield and winning work. Are you confident in the way these are priced? Do your rates cover your overheads and profit? You do not have to accept Main Contractors discount because ‘that’s just the way the industry works’ and dropping your rates because you are told (as standard) that your ‘too expensive’ could mean that your end result is not worth the work in the first place. Add in retention and lengthy Defects periods and your bottom line will be devastated. A confident, consistent Quantity Surveyor may increase your prelims but having that reliable commercial management will pay for itself over and over again.
The importance of applications and the substantiation for what you are applying for needs to be guided by a Quantity Surveyor with the knowledge of the contracts and client. If you needed a carpet fitted, you would get a carpet fitter. If you needed decoration, you would hire a decorator. In the world of today, you may think you can just ‘do the applications yourself’. But with so many terms of contract and pages of bespoke clauses, which can affect your payment, is it worth the risk? Clients QS’s can so often come up with several reasons to bring the certified value down;
incomplete substantiation, cash flow issues, payment schedule dates missed. When you have done so much good work, you need the confidence that you will be paid when you expect it. We will always ensure that your applications are accurate, fully substantiated and submitted on time. We will show how claims are built up, with marked up drawings / photos of work completed. We will clearly show period movement in a format previously agreed with the client. We will administer the contract effectively and make sure that the client does so as well.
Our Clients
