Four readings, one pass
The price, the schedule, the package interfaces and the change exposure, read against one set of documents rather than four times by four people.
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The full pre-GMP review, four modules and one memo
This page is about buying the review. The work itself is described on the Pre-GMP Readiness Review page, which is where the method, the documents we read and the findings are set out in full.
Turnaround
Three to four weeks from the day the complete document set arrives. Quoted as a fixed fee against that set, never hourly.
What is in it
What the package contains
The same four modules that are sold separately, run together in one pass so that a finding in one is tested against the other three.
One owner memo
Not four reports to reconcile. One document stating the position, ranked by exposure, with the connections between the four readings written down.
The registers behind it
The GMP Risk Register, the Coverage Map, the Contingency Adequacy Assessment and the Owner Negotiation Memo, each citing the page it came from.
Two calls
One before your signing date to walk the memo through, and one after the negotiation to read what came back from the contractor, line by line.
An order-by date list
The long lead items and unbought packages with the date each must be ordered by, so the handover date is tested before it is signed.
Suggested contract wording
The sentences on markup, rates, credits and reporting that change what every future change order costs, drafted for your counsel to review.
Who it suits
When this is the right one to buy
Three conditions. Where any of them is not met, one of the other packages usually fits better and we will say which.
A price you are locking for the life of the project
Where the guaranteed maximum price will govern two years of decisions, the full reading is worth more than any single module.
Three weeks or more before signature
Below three weeks the full reading does not fit, and the rapid version covers the largest exposures in the time that is left.
A document set that is substantially complete
The four modules need drawings, a schedule and a procurement log. Where those are thin, we say so before quoting rather than after.
How it is bought
The commercial shape
| Fee | Fixed, quoted against a named document set listed in the engagement. Not hourly and not a percentage of what the review finds. |
|---|---|
| Payment | Fifty percent on engagement, fifty percent before the final deliverable is released. |
| The clock | Three to four weeks, starting when the complete document set arrives rather than when the engagement is signed. |
| Included | One kickoff call, one readout call before your signing date, and one call after the negotiation. |
| Add on | A lender or investment committee memo written from the same findings, five working days after the review. |
Before you commission it
Questions about buying it
Questions about the work itself are answered on the service page. These are the commercial ones.
Can we buy the four modules separately instead?
Yes, and sometimes that is right. What separate purchase loses is the pass where the four readings are set against each other, which is where the compounding findings come from. A schedule risk that is also a procurement gap and an allowance shortfall is one exposure, not three.
What if the document set is not complete?
We say so before quoting. An incomplete set is not a reason to refuse the work, but it changes what the review can conclude, and the fee should reflect a narrower scope rather than a full one delivered against missing documents.
Does the fee depend on what the review finds?
No. No fee of ours is tied to what a review concludes, on any engagement. It is the only arrangement under which a memo saying the price is sound means anything, and it is why we can charge the same for that memo as for one listing thirty findings.
Can this be upgraded from a rapid review?
Yes, and the rapid work is not repeated. What was already read carries across, so the full review picks up at the schedule, the interfaces and the change exposure. You pay the difference between the two fees rather than both of them.
The other three
Bought in four different shapes
Every package runs the same method. What changes is how much of it runs, how fast, and who the document has to survive being read by. The packages overview sets the four against each other.