Financier/Developer Check Estimate Reports

Financial institutions require check estimates to ensure developers/builders are providing realistic and accurate costs for projects. This ensures the loan facility suggested by the developer/builder will fund the entire construction of the development. Quanto can provide development check estimate reports to ensure the total project cost is fair and reasonable.
The process involves providing all necessary documentation and detail including DA approvals, initial budgeted costs, full architectural, engineering and stormwater drawings, anticipated project period, company profiles indicating previous project experience and values from the developer and builder, the contract, quality of fixtures and fittings and any indication of guarantees and/or security for the project’s completion.
Quanto then prepare a cost plan estimate to ensure the project cost appears fair and reasonable based upon current market prices. Quanto will then enquire as to the projects feasibility and check all referencing to ensure the project can be completed on time, within budget and to the quality indicated in the documentation provided.
When the development check estimate is approved, the financial institution releases funds for the builder to commence construction. Once the developer/builder commences the construction they will make periodical claims for work completed to site.