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The same reading can be bought four ways. Which one fits depends on how close the signature date is and who has to act on the result.
The work does not change between packages. The time available and the reader of the document do.
Ten days allows the largest exposures to be read. Three weeks allows all four modules. The package follows the date, not the size of the project.
An owner acts on a register. A credit committee acts on two pages of position. The same findings need a different document for each.
A register is only useful if somebody reads the months against it. That reading is a separate commitment and a separate package.
Every package draws on the same four modules and the same reading. What changes is scope, speed and the reader the memo is written for.
We quote per project, after we have seen the documents. A fee named before anybody knows what is in the set is a guess, and you would be right not to trust it.
No fee is tied to what a review concludes. We are paid the same whether the memo says sign it or says reopen three items, which is the only arrangement under which that sentence means anything.
Every package draws on the same modules and the same method. What changes is scope, speed and who the memo is written for.
Five to ten working days on the largest exposures.
A signing date that is already close, and a price nobody outside the contractor’s team has read.
The schedule, the package interfaces and the change machinery. Those need the full review.
All four modules and one consolidated owner memo.
A price you are about to lock for the life of the project, with time to do something about what we find.
Nothing from the four modules is left out. This is the whole method.
Written to be read by people who are not builders.
A drawdown approval, an investment committee, a board paper or a partner who needs the position in two pages.
It is not a separate review. It needs at least one module underneath it.
This is Costwitness, after signature.
The eighteen months after you sign, when the exposures we named start to arrive one at a time.
It does not replace the pre-signature work. It is what the pre-signature work is for.
| Rapid | Full | Lender memo | Monthly | |
|---|---|---|---|---|
| Modules covered | Part of one | All four | Whichever you ran | Follows the register |
| Turnaround | 5 to 10 days | 3 to 4 weeks | 5 days after | Monthly |
| Written for | The owner | The owner | A financial reader | The owner |
| When to run it | Signing date is close | Three weeks or more before signature | After a review, before a committee | After signature |
| Call included | One | Two | One | Monthly |
Reviews start at $4,500 and are quoted against a defined document set.
Send the documents and your signing date. We will say which package fits, or tell you that none of them do in the time that is left.
We quote per project once we have seen the documents. The fee follows the size of the set and the number of trade packages, not the value of the contract.
No. A percentage gives the reviewer an interest in the conclusion, which is exactly what an owner does not want from an independent read. We charge a fixed fee for the work.
Yes. Starting with the price and adding the others once you have seen the first register is the usual way round. You pay the difference, not a new engagement.
Then the pre-signature work is behind you and we will say so. Monthly Owner Cost Assurance is the one that still helps, because the exposures are still arriving.
You do. They are written for you, addressed to you, and we do not reuse them on another engagement.
One of four documents, chosen by your date and your reader.
The Rapid GMP Review, delivered in five to ten business days, with the questions to put before the amendment is executed.
The full review, where the four readings are set against each other and the compounding findings are written down.
The lender memo for a bank, fund or board, and monthly assurance for the eighteen months after the contract is signed.
to $150M guaranteed maximum price. A fit statement, not a rule. We will tell you when a review is not worth the fee.
Whatever you take and whoever you are, the reading is the same. Send the documents and we will say which module we would run first.