Financier’s Audit Services
Through our association with Propell National Valuers, our company is preferred and regularly engaged by some of Australia’s major lenders to assess and monitor project risk on their behalf.A Pre-Construction Cost Report performed at the initial stage of funding provides security on the knowledge of whether or not a construction budget or contract value should be adequate to complete a project. It also provides a checking mechanism for broad analysis of contract conditions, documentation, approvals, licensing, insurances, cashflow etc. including bringing any obvious matters to the attention of the financier. We report on the value of works under construction, the assessment of progress claims, recommendation of agreed payments and calculation of the cost to complete.
Regular progress reports show our consideration of retention, deductions for owner’s equity or previous payments, as well as licensing and insurance checks, statutory declarations of payment by builders, and cashflow comparison where required by the financier.