| Assessment of Work in Progress |
| Valuation of construction works completed on site at regular intervals controls the cash flow for both the principal and contractor. This provides an accurate progress payment recommendation that will ensure finance draw downs are accurate for works completed. |
| Assessment of Contractor Claims |
| BMT & ASSOC provide independent and impartial expert calculation of variation claim costs for addition or omission to construction works. This ensures both the principal and contractor reach an agreed value for the works. This service is extended further to mediation, negotiation, arbitration and conciliation, and expert witness advice in disputes. |
| Project Auditing Role for Lending Institutions |
| BMT & ASSOC provide objective appraisal of the developer’s estimate and the checking of interim payments for financiers. Project auditing advises on financial status, possible variation claims or delay costs for lending institutions. |
| Forecasting and Reporting |
| Financial reporting during construction outlining actual and pending future costs provides a realistic final cost forecast. BMT & ASSOC inform on the cost implications of future variation claims and record actual progress against anticipated cash flow projections. |
| Final Accounts |
| Assessment, preparation and negotiation of the final account statement with the contractor, completes the project’s construction financial status. |
| Contractor/Sub-Contractor Estimates |
Preparing quantities and estimates of trade work packages assists in the preparation and/or assessment of tender submissions.
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