Our Expertise

Feasibility Studies

A proper feasibility study will determine if a project is feasible – financially and technically, even socially or politically. All determining factors need to be considered including design, cost, market, location, environment and socio-political factors. The decision to proceed or not to proceed will depend on the feasibility study.

Tendering Procedure And Documentation

Tendering procedure is the way a contract is to be let-out for example by conventional tender, design and build, and turnkey. To arrive at a decision, a review of the project scope, schedule and budget will be made. The decision will determine among others the tender program and documentation. The main components of a tender document are the instructions to tenderer, conditions of contract, specifications and bills of quantities.

Financial Planning

A financial plan is a forecast on the frequency of payments to be made during the tenure of the project’s progress. This is determined based on the works execution program prepared by the planner or contractor. This will assist the client to make on-time payments to ensure the work proceeds expeditiously; as cash flow over-provision may cause financial or opportunity losses.

Cost Planning

A cost plan is necessary to determine cost appropriation among the various elements of the project depending on factors such as design, specifications and timing. A cost plan is used as a cost management and control factor.

Valuation And Interim Payments

Most contracts require properly evaluated interim payments be made to the contractor. Timely interim payments will assist the contractor to maintain progress to stay on-schedule as per to deadline. Proper valuation is important so that the contractor is paid what’s due on time and for the client not to suffer losses due to overpayments.

Construction Cost Control

Changes to the project scope, schedule, specifications and prices for various reasons can eventually affect the budgeted cost. Therefore, control of construction cost must be diligently maintained from inception to completion. This will involve continuous monitoring, evaluation, mitigation and control of cost-effecting changes to the project.

Final Accounting

Changes to the project scope, schedule, specifications and prices for various reasons can eventually affect the budgeted cost. Therefore, control of construction cost must be diligently maintained from inception to completion. This will involve continuous monitoring, evaluation, mitigation and control of cost-effecting changes to the project.

Contractual Claim

Key matters in contractual claims are timely mitigation measures and keeping of contemporary records require hands-on action by the client and contractor. Claims settlement calls for extensive review of contractual provisions and contemporary records of the claims’ events, calculations, negotiations and agreements. All proceedings also need to be properly recorded and documents kept in the event of matters being taken to arbitration or litigation.

Pre-Qualification Of Contractors

At times it is desirable to tender for a project only to a shortlist of qualified contractors. Pre-qualification of contractors can help secure genuine competition, quality bids and reduction of evaluation and award time. This calls for properly executed pre-qualification exercise with suitably drafted pre-qualification questionnaires and evaluation criteria tailored to the specific project.

How can we help you?

Contact us at the BEQS Main Office or email us at beqs@beqs.com.my.

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