Why do you need a Detailed Cost Report Prepared by a Quantity Surveyor?
The very first milestone of most new building projects is the approval of the development application (DA) by Council. The DA is a comprehensive collection of documents and reports required for the application to be approved. A Detailed Cost Report prepared by a registered Quantity Surveyor (QS) may be one of these requirements. If the estimated cost of your development exceeds a limit specified by the council (typically between $500,000 and $3,000,000), they will require a QS to develop the Detailed Cost Report to verify the construction cost. The purpose of this report is to enable the council to calculate the to determine the Section 7.12/7.11 (formally Section 94/94A) Contribution, which is payable by developers following the DA submission.
The cost estimate must comply with section 25J of the EPAA 1979, be prepared by a registered QS, a member of the Australian Institute of Quantity Surveyors (AIQS), and follow the specific requirements and formatting set by the individual council. We, as registered Quantity Surveyors, prepare these Detailed Cost Reports, and have a unique understanding of the developers’ needs for affordability.
Detailed Cost Reports explained by a QS?
Why Choose us?
- Over 25 years of experience;
- Extensive and diverse portfolio ranging from single dwellings to high rise multi storey buildings, government institutions, community buildings to name a few;
- We are also a trusted advisor to most Australian financial institutions.
Your projects affordability and our understanding of council requirements come hand in hand with the estimated constructions costs we produce for your project.
We understand that new projects are full of consultant’s fees and our aim is to keep your project as affordable as possible by aligning our fees with that goal.
Has your Detailed Cost Report become a matter of urgency?
Our service guarantee turnaround is between 2 and 4 business days.