Through our fully independent project monitoring service we review the project development with aim to safeguard the commercial objectives of lending institutions involved in financing property developments.
We act as independent certifier. We check compliance and quality, and confirm project completion in accordance with the project requirements.
We offer operational monitoring service on PPP/PFI projects. As work progresses we monitor the quality of the construction services and the suitability of the management systems to deliver and ensure compliance with the project requirements. We identify issues of concern and potential financial and operational risks throughout the project''s operational phase.
Following project completion, we provide regular operational audits with a comprehensive review, which include services focussing on the general state of the structure and operation of the PFI building/asset.
We also provide operational monitoring services on an ad-hoc basis, such as technical advisory on life cycle forecasts, impact of additional construction to the PPP/PFI project or refinance-related queries.
We believe in equal importance of both aspects of the cost management.
Cost Planning and Design Decisions
In GI we understand that the cost management should be made integral part of the design process and that each decision on the scope or quality of the project should be made with the view on its impact on the project cost. By evaluating alternative designs against the client’s value criteria for function, quality and durability, we enable the design team to optimise the design to fit within the client''s budget. Our objective is that project design meets not only the client''s aspirations, but also the client''s budget.
Cost Engineering and Cost Control
Key objective of GI cost engineering is to arrive at accurate cost estimates and schedules and to avoid cost overruns and delays. We exercise cost control through formal change control procedures and regular cost reporting, which gives up-to-date cost information to our client and provides a trail of changes against an approved budget.
Specifically we:
- Monitor financial plans
- Review documents regulating financial relationship between the investor and the contractors
- Review and accept finished works in terms of quantities
- Control and certify interim and final calculations of works
- Prepare the price analysis for extra and contingent works
- Estimate the value of the works completed