CONSTRUCTION FINANCING REPORTS - GUIDANCE NOTE

The purpose of this Guidance Note is to create a uniform scope of service and clarify the Quantity Surveyor’s role in providing construction cost management services to both the financier(s) and developer.

This Guidance Note does not purport to be a comprehensive description of the law and members should obtain independent legal advice. Guidance Notes are intended to embody recognised ‘good practice’ and therefore may provide some professional support if properly applied. While they are not mandatory, it is likely that they will serve as a comparative measure of the level of performance of a member. They are an integral part of Construction Cost Standards Manual.

The preparation and delivery of reports to financial institutions, acting as the Financier’s representative, should be undertaken by a Corporate member of the Australian Institute of Quantity Surveyors (AIQS), holding the designation of Certified Quantity Surveyor (CQS). Any employees undertaking this service must be supervised by a suitably experienced Corporate member.