Financial Quantity Surveying
Herron Todd White provides Financial Quantity Surveying expertise across Australia.
Financial Quantity Surveying
Herron Todd White provides independent Financial Quantity Surveying backed by local expertise and national consistency.
Frequently Asked Questions
- Why does the bank need an independent QS if they have a valuer?
A valuer assesses the market value of the property as security. A QS assesses the detailed construction costs, the building contract, and verifies that the physical work claimed by the builder has actually been completed.
- What happens if the builder claims for materials stored off-site?
Lenders typically have strict policies regarding unfixed materials. We assess whether the materials are securely stored, insured, and properly assigned to the project before recommending payment.
- How do you handle project delays?
During our monthly progress inspections, we report on the builder's progress against the original construction schedule, flagging potential delays and associated cost overruns to the financier.
- Can you take over certification on a distressed project?
Yes, we regularly assist lenders when a builder goes into administration, providing an urgent assessment of the works completed, rectifications required, and the cost to complete using a new contractor.