Contracts & Commercial Risk Assessment
Our commercial and cost advisory services encompasses allocation of commercial and contractual risk allocation and management. We deploy qualified quantity surveyors to assist our client’s project team in these tasks. We provide such services at various stages of the project, viz. pre-bid risk assessment, at the time of contract formation and subcontracting stage. Selection of projects to which Chamberz has provided commercial / cost advisory services are:
Residential building projects
Provided advice on design liability of a Design & Building contractor under modified REDAS form of contract used with option module for employer’s architectural design. The issues surrounded on the liability of the main contractor towards the deficiencies in the pre-award design that resulted in revised design to be carried out for the statutory compliance.
Provided contractual and commercial advice to the Developer of a PPP metro rail project in South Asia during the finalisation of Concessionaire Agreement with the government authorities.
Advised an EPC contractor (consortium of three major players) in a metro rail project in Middle East in putting together major subcontract framework.
Provided bidding assistance to an international engineering consultant in the area of claims speciality and delay analysis specialist in a mega port development project in South East Asia.
Chamberz undertake preparation and review of cost claims considering the type of contract the clients are faced with.
When it comes to the re-measurement or item rate or unit rate contracts, we apply relevant and applicable standard method of measurements and corresponding unit / item rates available under the contract considering measurement & pricing preambles to the method of measurement under the contract (if available). For changes or variations, entitlement for additional costs with reference to the scope undertaken by the client would be established first before proceeding to value a change or variation by using either contract rates (insofar it’s applicable) or new rate built-up from the first principles (labour, material, equipment, attendance and profit components) or market rates if the works are specialised in nature.
For the indirect cost claims arising out of delay or disruptions, appropriate delay analysis technique would be adopted first with the focus to establish critical concurrent delays (if any) in order to demonstrate entitlement for additional costs recovery.
We provide above services using experienced quantity surveyors and cost analysts. Guidance and advice to our team is consistently provided by Chartered Quantity Surveyor of our organisation.
We provide expert witnessing services in arbitration and litigation. Our appointment could be either by one of the parties or by the tribunal, subject to conflict checks. Our expert services are provided by Chartered Quantity Surveyor and highly experienced professional. We provide expert witnessing in complex delay & quantum related disputed matters.
Our expert services are in accordance with the code of conduct laid down by the Royal Institute of Chartered Surveyor (RICS) of United Kingdom.