matthyde83

QS Requirement

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I’ve been asked by my mortgage company to engage a QS in the build and they want certificates of spend at each drawdown.  Any else experienced this?  If so what has been your experience with employing a QS?  I obviously want to try to get as much value as poss without this being just another ‘cost’…

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You can get a Bill of quantities done via most of the larger Builders merchant chains 

For a few hundred pounds and back this up with invoices for Labour when drawing down 

Employing a QS on an individual house would be a real luxury Your builder or individual trade will know exactly what they need 

 

Im in the process of doing a bill of quantities for our build Simple spreadsheet That worked fine for our previous build 

C392F8D7-15AB-49B0-86D5-A2E1763A4CBE.png

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Unfortunately they have said they will want a QS throughout to confirm spending – they release their drawdowns on this basis  - ‘when they require their next drawdown we will send out our valuer for a reinspection and request the QS Interim Report and QS Certificate of expenditure which will confirm the amount spent on works to date.’

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Ask them to give a price for each valuation.  You can then weigh up when to do the drawdowns.

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2 minutes ago, Mr Punter said:

Ask them to give a price for each valuation.  You can then weigh up when to do the drawdowns.

As in the QS price per certificate?  I imagine they need to be involved for the whole project?

 

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Just now, matthyde83 said:

As in the QS price per certificate?  I imagine they need to be involved for the whole project?

 

Yes but there is no point getting them out for a valuation for a £10k draw if they are costing you £400 per valuation.  Get to know them and make sure they include everything in their valuation.

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2 minutes ago, Mr Punter said:

 

Yes but there is no point getting them out for a valuation for a £10k draw if they are costing you £400 per valuation.  Get to know them and make sure they include everything in their valuation.

 

Understood.  Given the mortgage co will charge per drawdown for a valuation I will obviously limit this as much as poss.  It will boil down to cashflow though obvs.

 

I was wondering if anyone had engaged a QS in their build and had any tips...

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16 minutes ago, matthyde83 said:

Unfortunately they have said they will want a QS throughout to confirm spending – they release their drawdowns on this basis  - ‘when they require their next drawdown we will send out our valuer for a reinspection and request the QS Interim Report and QS Certificate of expenditure which will confirm the amount spent on works to date.’

I bet they wouldn’t require one if it was there money 

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