The aim at DDH is to evaluate the cost of a proposed development so as to arrive at a realistic figure in order to enable a satisfactory completion within budget. We then endeavour to ensure that Bank and Lending Authorities funds are disbursed so as not to exceed the value of work completed and that sufficient funds are held to complete the project by its’ current developer.

• Risk Management

• Review the development proposal and the costs of construction.
• Review the Planning Permit and Building Permit to ascertain that no conditions have been included which have not been allowed for in the Builder’s or Developer’s costings.
• Review of proposed Contract Documents in order to advise if any onerous conditions have been inserted which may have significant cost implications.
• Review anticipated cash flow and updates.
• Prepare budget control document sub-dividing Project into trade or element costs.
• Visit the project on an agreed regular basis in order to evaluate the extent of works completed and advise on the costs to complete the project.
• Confirm that the Builder/ Developer has all insurances in place prior to payment of progress claims and the Banks interests are noted.
• Obtain Statutory Declaration from the Builder/ Developer that all subcontractors, suppliers and consultants have been paid prior to approval of next payment.
• Clearly identify GST component of each claim.

• Procedures
We recognise the importance of the Banks risk of exposure and offer sound cost management procedures based on thorough building construction knowledge.