Brightway Consultants Ltd (Chartered Surveyors)’s Post

🌟 Unlock the Full Potential of Your Construction Projects with Expert Quantity Surveying Services! 🌟 We specialise in helping developers, contractors, and property owners maximise value, minimise costs, and stay on track from concept to completion. Here’s how we can add value to your next project: ✅ Cost Planning & Estimation: Accurate forecasts to ensure your project stays within budget. ✅ Tender Management: Navigating the procurement process seamlessly to get the best deals. ✅ Contract Administration: Protecting your interests and ensuring compliance throughout. ✅ Risk Management: Identifying and mitigating financial risks for stress-free execution. Whether you’re working on residential, commercial, or infrastructure projects, we bring a keen eye for detail, expert negotiation skills, and a commitment to delivering measurable results. 💬 Let’s Connect! We’d love to discuss how my services can support your vision and streamline your projects. Message me here on LinkedIn or email us at info@quantitysurveyingsw.co.uk Let’s build something extraordinary together! 🏗️ #QuantitySurveying #CostManagement #ConstructionExcellence #ProjectManagement #OpenForBusiness

Did you know that accurate budget estimates can save up to 20% on project costs? At Vincent and Fensham, precision isn't just a goal; it's our priority. We meticulously analyze every aspect of your project to ensure no detail is overlooked. From Financial Viability Reports and Budget Estimates to Procurement, Tenders, Contractor Selection, and Cost Control, we handle it all to ensure your project's success and cost efficiency. Choosing Vincent and Fensham means you’re not just getting a service; you’re partnering with a company dedicated to maximizing your project's potential and minimizing unnecessary expenses. Let us help you achieve your project goals while keeping your budget intact. Expertise. Accuracy. Excellence. #QuantitySurveying #CostControl #ProjectManagement #Construction #VincentAndFensham #BudgetEfficiency #PortElizabethQS

🔧 **Ready to Transform Your Construction Projects?** 🚧 With over 27 years in the industry, we’ve worked on a wide range of projects, from commercial to residential developments. Our goal is to help construction professionals like you navigate the complexities of cost management, contracts, and meeting other important commercial objectives. Whether you’re dealing with rising costs, tight margins, or project delays, let’s chat about how we can add value to your business. 💬 Drop us a message or connect if: - You want expert advice on cost management and contracts. - You’re dealing with project delays or cost overruns and need a fresh perspective. - You need help with procurement or pricing for your particular profession. - You’re struggling with final accounts and contract administration. Michael@trigon-group.co.uk Byron@trigon-group.co.uk Looking forward to connecting with more of you in the constuction industry. Michael Richardson Byron Tack BSc (Hons) #QuantitySurveying #CostManagement #Construction #ProjectEfficiency #CommercialManagement #UKConstruction #Consultancy #ConstructionTakeOffs #ProjectManagement

🔍 Case Study: Managing Delays, Variations, and Liquidated Damages in Construction Contracts 🚧 In the world of construction, delays are inevitable. 🥸But how you manage them can make or break a project—and your bottom line. 🤔Let me share an interesting case that highlights key lessons for : 👉contractors, 👉project managers, and 👉clients alike. 📍 The Project: A lump-sum contract to erect 5 steel-framed buildings for 💶💵💴£528,486,💴💵💶 with a completion deadline of April 27, 1979. 🥵If the 🥵contractor🥵 failed to deliver on time, they’d face 💴💵💶£880💶💵💴 per week in liquidated damages (LDs). 🕒 The Issue: 1️⃣The project experienced significant delays due to labor shortages and material supply issues. 2️⃣By March 1980—nearly 11 months after the original deadline—the client issued a Variation Order (VO) for additional work. 3️⃣The contractor argued this late variation made the contract's timeline unclear, claiming that time had become ⛔️“at large”⛔️, meaning no liquidated damages should apply. 💼 The Client’s View: The client disagreed, stating the delays had already occurred before the VO and were due to the contractor’s slow progress. The VO added only 2 weeks of work, while the project was already over a year late. They sought liquidated damages of £46,640 for 53 weeks of delay. 💡 Key Lessons: 👉Timely Requests for Extensions: Contractors must request extensions of time (EOTs) as soon as delays occur—not just when variations are issued. 👉Clear Communication: Early and clear communication with clients can help resolve potential disputes over delays and variations. 👉The Role of the Superintending Officer (SO): Issuing variations late in the project can lead to disputes, especially if the timeline is not clearly adjusted. 👉Shared Responsibility: In complex projects, delays are often a result of multiple factors. Both contractors and clients must carefully manage their responsibilities to avoid prolonged disputes over penalties. 👉 This case serves as a reminder of the importance of managing changes, variations, and extensions in construction projects. Knowing how to navigate these complexities can help you avoid unnecessary costs and keep your project on track! #Claims #Management #Construction #Projects #constructionmanagement #contractmanagement #liquidateddamages #projectmanagement #constructionclaims #constructionindustry

Price Escalation in Construction Projects: Pros (Advantages ): + Cost Recovery: Allows contractors to recover increased costs from material or labor price hikes. + Risk Management: Shifts the risk of inflation to the client, reducing disputes. + Competitive Bidding: Encourages realistic bids without contractors over-inflating costs. + Project Continuity: Keeps projects on track despite price changes. + Fair Compensation: Ensures contractors aren’t financially strained by unforeseen costs. Cons (Disadvantages ): + Higher Project Costs: Final project costs may exceed the initial budget. + Complex Contracts: Escalation clauses add complexity to agreements. + Uncertainty for Clients: Future costs can be unpredictable, complicating planning. + Disputes: Increased need for monitoring can lead to disagreements. + Potential Misuse: Contractors may exaggerate cost increases, leading to conflict.

Type of contracts Construction contracts are legal agreements between two or more parties involved in a construction project. These contracts outline the rights, obligations, and responsibilities of each party during the construction process. Construction contracts typically include provisions regarding project scope, timelines, costs, quality standards, and dispute resolution. 1. Lumpsum Contracts 2. Measure and Value Contract 3. Cost reimbursement Contract A. Cost plus Percentage B. Cost plus Fixed Amount C. Target cost D. Guaranteed maximum price. Lumpsum Contracts Also known as a fixed-price contract, this type of contract establishes a fixed total price for the entire construction project. The contractor agrees to complete the work for the specified amount, regardless of any cost overruns or unforeseen expenses. I.e., The contractor hereby agrees to undertake and accomplish a specific scope of work as outlined in the contract documents within a predetermined timeframe, in exchange for an agreed lump-sum price. The agreed contract sum shall only be subject to modification through Variation to the scope of work or legitimate claims made in accordance with the terms and conditions of the contract. Advantages A. Cost certainty which gives the owner peace of mind knowing that they won't be hit with unexpected costs or overruns B. Clear Scope of Work Lump-sum contracts typically have a well-defined scope of work, outlining the specific tasks, deliverables, and project requirements. This clarity helps minimize potential disputes and ensures that both parties have a shared understanding of the project's objectives. C. Simplified Administration Lump-sum contracts are relatively straightforward and easier to administer compared to other types of contracts. The fixed price and clearly defined scope of work simplify project management, documentation, and payment processes. D. Competitive Bidding Lump-sum contracts often involve a competitive bidding process, where multiple contractors submit their proposals and pricing. This competitive environment can lead to more competitive pricing, potentially resulting in cost savings for the owner. E. Time Efficiency Lump-sum contracts can expedite the procurement process and project commencement. Since the price is agreed upon upfront, there is no need for lengthy negotiations or ongoing price discussions, allowing the project to start promptly. F. Lower financial risk to employer Since the contractor is responsible for delivering the project within the agreed-upon budget and timeline, the owner doesn't have to worry about managing every aspect of the construction process. This can free up valuable time and resources that can be used elsewhere. #Construction #contract #QuantitySurveying #Cost

Buildafrique’s Quantity Surveying and Construction Cost Consultancy services are designed to provide you with comprehensive #financialcontrol and #assurance from #project #inception to #completion. What We Offer: ✅Accurate Cost Estimation: Our expert quantity surveyors ensure precise budgeting and cost forecasting to keep your project financially on track. ✅Cost Planning & Management: We provide detailed cost planning and management, helping you optimize resources and prevent budget overruns. ✅Value Engineering: Our team identifies cost-effective solutions without compromising quality, ensuring you get the best value for your investment. ✅Contract Administration: We handle all contractual matters, ensuring compliance and safeguarding your interests throughout the project lifecycle. ✅Risk Management: We assess potential risks and implement mitigation strategies, ensuring smooth project execution. #quantitysurveying #constructionmanagement #buildingsolutions #projectmanagement

Type of contracts Construction contracts are legal agreements between two or more parties involved in a construction project. These contracts outline the rights, obligations, and responsibilities of each party during the construction process. Construction contracts typically include provisions regarding project scope, timelines, costs, quality standards, and dispute resolution. 1. Lumpsum Contracts 2. Measure and Value Contract 3. Cost reimbursement Contract A. Cost plus Percentage B. Cost plus Fixed Amount C. Target cost D. Guaranteed maximum price. Lumpsum Contracts Also known as a fixed-price contract, this type of contract establishes a fixed total price for the entire construction project. The contractor agrees to complete the work for the specified amount, regardless of any cost overruns or unforeseen expenses. I.e., The contractor hereby agrees to undertake and accomplish a specific scope of work as outlined in the contract documents within a predetermined timeframe, in exchange for an agreed lump-sum price. The agreed contract sum shall only be subject to modification through Variation to the scope of work or legitimate claims made in accordance with the terms and conditions of the contract. Advantages A. Cost certainty which gives the owner peace of mind knowing that they won't be hit with unexpected costs or overruns B. Clear Scope of Work Lump-sum contracts typically have a well-defined scope of work, outlining the specific tasks, deliverables, and project requirements. This clarity helps minimize potential disputes and ensures that both parties have a shared understanding of the project's objectives. C. Simplified Administration Lump-sum contracts are relatively straightforward and easier to administer compared to other types of contracts. The fixed price and clearly defined scope of work simplify project management, documentation, and payment processes. D. Competitive Bidding Lump-sum contracts often involve a competitive bidding process, where multiple contractors submit their proposals and pricing. This competitive environment can lead to more competitive pricing, potentially resulting in cost savings for the owner. E. Time Efficiency Lump-sum contracts can expedite the procurement process and project commencement. Since the price is agreed upon upfront, there is no need for lengthy negotiations or ongoing price discussions, allowing the project to start promptly. F. Lower financial risk to employer Since the contractor is responsible for delivering the project within the agreed-upon budget and timeline, the owner doesn't have to worry about managing every aspect of the construction process. This can free up valuable time and resources that can be used elsewhere. #Construction #contract #QuantitySurveying #Cost

Are you ready to take the guesswork out of your construction projects? At Peters Cost Consultants Ltd we specialise in Build Estimating and Quantity Surveying services that help you stay on time, on budget, and ahead of the competition. Whether you’re a contractor, developer, or property owner, our expertise ensures that your project costs are accurate, controlled, and optimised from start to finish. We provide: - Detailed cost estimates - Comprehensive quantity takeoffs - Budget management & cost control - Risk management insights Let us handle the numbers so you can focus on what you do best—building amazing projects! Ready to get started? Let’s connect today and discuss how we can make your next project a success. #Construction #BuildEstimating #QuantitySurveying #CostManagement #ProjectManagement #ConstructionServices #BuildingSuccess #CostControl #Contractors #Developers #PropertyOwners

Maximise your project's success with our comprehensive Commercial Management services! Our team of seasoned Commercial Managers provides expert guidance throughout every stage of your construction project, from inception to completion. With a deep understanding of the construction industry's complexities, we develop strategic solutions that deliver outstanding results and enhance visibility and engagement for your organisation. 🔵 Procurement: Whether you’re a client or a tendering organisation, our tailored procurement guidance ensures a smooth and strategic tender process. We offer advice on tender preparation, contract management, and documentation, boosting your chances of a successful bid. 🔵 NEC Advice: As leading experts in NEC Contracts, we provide complete guidance on contract administration, amendments, and dispute resolution. Our specialised knowledge helps navigate complexities and fosters positive outcomes, whether you need individual consultation or independent advisory services. 🔵 Contract Administration: Our team excels in managing construction contracts, ensuring compliance and streamlining processes for optimal commercial outcomes. With our customised systems, you can trust that your project is on the path to success. Partner with us to achieve exceptional results and streamlined processes in your construction projects. Check out our website for more information. >> https://zurl.co/7XUL