Project Consultant and Management
Value Engineering
Scope of "Value Engineering" service include:
- Study all relevant project’s information and the Owner’s requirements for value engineering operation (Expectations for success of value engineering operation, Concepts of the project development and design, Building operation categories, Project budget, Project planning and schedule, Owner’s requirements, Future expansion, Relevant limitations, Complete project construction drawings {according to the ongoing project situation}, Other relevant information)
- Inspect, review and analyze the complete construction drawings in order to collect relevant issues and be prepared for the value engineering operation.
- Perform value engineering to propose lists of drawings which should be adjusted to achieve worthier alternative(s).
- Prepare value engineering reports including proposed alternatives in adjusting construction drawings, value engineering comparative issues, and estimation of possible diminution of costs. These shall be proposed to the Owner to prepare operation meeting, from which findings can be obtained.
- Prepare value engineering operation meeting in conjunction with the Owner, value engineering team, designer and construction supervisor to brainstorm the ideas of improving construction drawings creatively and beneficially. Nevertheless, modification of project planning shall be avoided.
- Prepare lists of construction drawing adjustments as summarized from every operation meeting in order to monitor the drawing adjustments efficiently.
- Prepare summary reports from value engineering operation.
Quantity Surveying (Q.S.)
Scope of "Quantity Surveying (Q.S.)" service include:
- To assist the Owner to review the Design and Contract Documentation prior to issuing to the contractors.
- To assess and check the breakdown of the Contractor’s price and rates in order to finalise a Lump Sum Price under the Contract, include review of drawings, cost estimates, sub-contract tenders, proposed programme or other documents used in the preparation of the Lump Sum Contract.
- To comment on the cost aspect in relation to any option, alternative or qualification in the Contractor’s proposal.
- To establish a financial reporting system for the Owner to continuously monitor the cost of the project at all times during development programme.
- Examine the cash flow forecast for comment or approval.
- Review the project performance bonds and contract insurance requirements to ensure compliance with the contract requirements.
- To carry out cost checks on estimates and other information supplied by the Contractor and his Subcontractors, Suppliers, etc. in respect of scope changes requested by the Owner or the Contractor.
- To assess variation claims submitted by the Contractor and advise the Owner on the financial implications associated with the claims prior to approval/disapproval.
- Review tenders received for M&E and Equipment and advise on the cost implications relative to the original budget.
- To prepare and agree interim valuations at milestone points in the construction process with the Contractor and make recommendations for payment.
- Provide monthly financial statements.
- To advise and assist the Owner in handling all contractual matters.
- To review and agree the final account with the Contractor after the completion of the project.
- Attend co-ordination and site meetings as necessary.
- Liase with Owner to ensure correct interpretation of their requirement with regard to the provision of all Equipment.
- Participate in value engineering reviews to identify savings.