Project appraisals are undertaken on behalf of funders, donors, and equity or lending institutions prior to agreements being signed and construction undertaken. QSS conducts project appraisals for financial institutions and lenders such as TUHF, TUSK, Old Mutual, ECEDT, etc. QSS is currently busy acting as lenders’ consultants for several active projects.

Appraisals provides comprehensive overview of a project, and aims to identify areas of risk such as:

Evaluating project documentation including loan agreements, project brief and design parameters, professional appointments, building contracts, technical documents, drawings, and tenders.

Visiting site to identify the conditions under which the work will be executed.

Reviewing implementation to assess the risk of delays and the possible impact of cost that the delay may have.

Evaluating the technical and management expertise of the project team.

Identifying the cost of exclusions from the project scope such as furniture, furnishings, equipment, operational supplies, pre-opening expenses.

QSS Quantity Surveyors and Project Managers have a fiduciary duty to act for and on behalf of our clients in safeguarding their interests and financial obligations. QSS ensures that our clients receive real value for money by timeously completing construction projects within budgets originally set and approved.

Quantity Surveying Service:

Quantity Surveying service covers the following stages:

Stage 1 – Inception

Stage 2 – Concept and Viability

Stage 3 – Design Development

Stage 4 – Documentation & Procurement

Stage 5 – Construction

Stage 6 – Close-Out

The appointment of a lenders’ consultant typically follows the project appraisal stage. Acting as the lender’s representative, the consultant safeguards the lender’s interests by ensuring the project progresses on time, within budget, and in line with all lending requirements.

Lenders’ Consultancy Services include:

Cost and Progress Monitoring: Reviewing project costs and progress against the approved budget and baseline programme.

Compliance Oversight: Ensuring adherence to the lender’s guidelines and identifying potential risks or deviations.

Cost Reporting: Preparing detailed cost reports, including cost-to-date and cost-to-completion (ABIP reports), for clear financial oversight.

Variation Review: Assessing proposed contract variations requiring lender approval and advising on their financial and project impact.

Payment Verification: Reviewing payment claims and advising on appropriate disbursements to maintain financial control.

Through these services, the lenders’ consultant provides independent oversight to ensure sound management and the protection of the lender’s investment.