A builder’s quote compared against our independent assessment, packaged as a QS report that gave the bank the confidence to lend.
A bank needed independent assurance on a construction loan before releasing funds. We reviewed the project and prepared a QS report that set the builder’s quote against our own independent cost assessment.
The report gave the lender a clear, trusted view of whether the build budget was sound, and gave the borrower the documentation they needed to move the finance forward without delay.
QS report
Auckland
Borrower & lender
Independent QS report, cost assessment
NZ & AU Standard Method (2018)
Send us your plans and a brief, and we’ll be in touch to confirm exactly what you need.
Njord Quantity Surveying provides independent cost assessments and QS reports specifically tailored for lenders. Our objective is to offer a clear, unbiased perspective on project costs, thereby building confidence and facilitating the approval of construction loans for borrowers.
By meticulously comparing a builder's quote against our independent cost assessment, we equip lenders with the crucial data needed to ascertain the soundness of the build budget. This detailed reporting process ensures that financial institutions can proceed with lending decisions with a high degree of certainty, while borrowers receive the necessary documentation to expedite their financing.
Our process begins with a thorough review of all project documentation, including architectural plans and builder's quotes. We then conduct a detailed cost assessment, breaking down all elements of the construction project to ensure accuracy and completeness.
This assessment is measured against the NZ & AU Standard Method (2018), ensuring adherence to industry best practices. The resulting QS report provides lenders with a transparent and trusted view of the project's financial viability, crucial for making informed lending decisions and ensuring the successful progression of construction projects.