Cost Management Services

Seleucid Partners & Associates L.L.C. cost management services will ensure your portfolios are accurately cost controlled, and developed and operated at optimum efficiency while maximising income.

Quantity surveyors are responsible for managing all aspects of the contractual and financial side of construction projects. Quantity surveyors manage the costs on a construction project. They help to ensure that the construction project is completed within its projected budget.

Seleucid Partners & Associates L.L.C. cost management services in the pre-contract phase include:

• Preliminary cost planning and procurement advice at concept design stage
• Cost management during design development
• Preparation of Bills of Quantities and tender documents
• Preparation of tender documents
• Solicitation of competitive tenders or negotiation with a preferred contractor and the recommendation and proportion of the most appropriate form of construction contract

During the post-contract phase clients’ benefit from:

• Preparation of cash-flow projections
• Accurate interim valuations of work in progress
• Timely financial statements projecting final cost, including costs associated with variations/change orders
• Settlement of the final account, upon completion

Performing pre-construction/pre-acquisition due diligence prior to the acquisition of land and/or building assets is critical to assess potential risks and protect client’s interests in any development venture.

Seleucid Partners & Associates provides specific due diligence services to varied clientele across Europe and the Middle East. Banks, developers, lawyers and accountants often wish to have “another pair of eyes” review contract documentation, valuations, drawings, construction documents and insurance policies to protect theirs or their clients’ interests. Due diligence analysis can take place prior to or during construction, as the client dictates.

Seleucid Partners & Associates has amassed considerable cost data which is used to compile feasibility and market studies. These studies provide essential decision-making material to clients prior to undertaking a development.

Feasibility and market studies can include:

• Pertinent market and demographic data
• Development and construction cost estimates
• Real estate sales pricing
• Development cash flows and profitability studies
• Real estate marketing plans
• Assistance with assembling the correct team for the project
• Recommendations for ongoing management and operation of the built asset, including advice on set up of home owners association or strata corporation if necessary

Ensure your investment or your asset is being professionally audited with Seleucid Partners & Associates construction loan monitoring service.

Seleucid Partners & Associates offers construction loan monitoring services for financial institutions and real estate investors. In instances where a Financial Institution has provided development financing for a project, Seleucid Partners & Associates will vet quality and the construction programme as well as audit the monthly drawdowns being made to the Developer on the Lender’s behalf. We provide due diligence reports that review cost, programme, and quality as well as compliance with hurricane and seismic standards. Through loan monitoring, Seleucid Partners & Associates will verify the correct payments are being made, contractors are not overpaid, and will value the cost to complete the project. This gives peace of mind to the lending institution and ensures that there are sufficient loan funds to complete the project. Seleucid Partners & Associates will also advise the Bank on the status and value of any variations or changes that are taking place on site.

Seleucid Partners & Associates Surveyors are highly experienced construction professionals who are in the best position to advise on the most appropriate method of procurement and contract documentation that best suits your project’s needs.

The increase in construction claims and litigation and the related trends toward increased control of cost and quality have placed more emphasis on the construction procurement process. Seleucid Partners & Associates experts help Clients to ensure that construction contractors are well qualified, that services are obtained for reasonable cost, and that their projects are well organised contractually to minimise the potential for costly changes and delays.

Seleucid Partners & Associates experts provide clients comprehensive procurement solutions and give them the advantage with proposal support, preparation of request for proposal (RFP) packages and negotiation of final award of contracts.

After the contract is awarded, our experts give clients the support they need with expediting and coordination of supplier activities which saves clients time and money.

Risk is inherent in all construction projects, and in Cyprus and the Middle East it may be more so – it cannot be eliminated, but can be mitigated.

Seleucid Partners & Associates risk management services will ensure that the project outcome meets the expected business benefits. The experience we have captured is applied to every project and shared with the project team – we have processes that actively create conditions for optimum project success to mitigate project risks.

Value engineering is used to solve problems, identify and eliminate unwanted costs, while improving function and quality.

Our mission is to ensure that every client receives the greatest value for money spent. Value engineering provides a systematic approach to achieving the required project functions at lowest cost without detriment to quality, performance and reliability. There are many reasons why unnecessary costs creep into design for example, lack of local knowledge, poor information, out of date specifications, poor communication and reluctance to seek advice.

Seleucid Partners & Associates professionals can use their expertise to maximise the value for money for all our clients.