1. Quantity Surveying

Cost & Contract Management and Procurement Strategy

Hesed provides a complete cost planning and contract consultancy service to protect our client’s financial interests by:

Prepare elemental estimate as the planning progresses and reconcile with the budget
Analyse of costs or alternative designs, materials and construction programme
Assist design team to obtain economical design solutions through value management involving cost studies, cost comparisons and life cycle cost analysis
Compile of project cash flow
Estimate for different designs, to fit for client’s expectation and help them to make a best and cost effective decision
Advise and arrange for the tendering stage and assist in planning of preparation of drawings

Advise on the type of contract to be adopted & procurement strategy
Draft contract clauses to suit special circumstances of project and promote an optimal risks allocation
Arrange fair and equitable tendering procedures
Obtain competitive prices from selected contractors by tendering by other ways to suit particular requirements of the project such as time constraints and partnering arrangements with contractor
Prepare pre-tender estimate

Value the work in progress and recommend interim payments
Measure and value variations under contract
Prepare progressive financial statements regularly during construction period
Assist the architect in administering and interpreting contract conditions to avoid or minimize claims from contractor
Examine, evaluate and negotiate with contractor for any claims that may arise (extension of time, direct loss and/or expense, disruption, acceleration & global claims, etc.)
Life cycle costing analysis

Valuation of variations, claims and other issue and preparation of draft final accounts
Negotiations and settlement of final account
Analysis and compare the final constriction cost and the estimated investment cost
Advise on the duty of maintenance issue