Cost reporting for multi-unit and larger residential developments, from funding approval through to the final drawdown.
Developments carry more cost, more stages and more moving parts than a single home. Lenders expect an independent quantity surveyor to confirm the budget before funding, then monitor cost and progress as the project is built.
We provide the full QS reporting cycle for residential developments: an initial funding report, regular drawdown certification and a running cost-to-complete position, so you and your lender always know where the project stands.
Who this is for
- Developers of townhouses, terraced homes and multi-unit projects
- Builders delivering developments for investor clients
- Lenders funding multi-stage developments
- Brokers arranging development finance
What is included
Development budget review
We assess the full project budget, including construction, consultants, consents, marketing, finance costs and contingency.
Contract and scope review
We check the construction contract and scope across all units, shared works and external works.
Stage-by-stage monitoring
We monitor progress and cost through each stage and keep the lender informed.
Drawdown certification
Independent certification of each progress claim before funds are released.
Variation tracking
Variations are recorded, assessed and reflected in the forecast final cost.
Forecast final cost
A clear view of the cost to complete and the remaining funding headroom.
Documents we will ask for
- Full set of consented plans and specification
- Construction contract and schedule of prices
- Development budget and feasibility
- Programme and staging plan
- Consents and consultant fee agreements
- Loan facility summary
Not sure what you have? Send what is available and we will confirm exactly what is needed.
How it works
- Funding report. We review the budget, contract and funding to confirm the project is fundable.
- Monitoring plan. We agree the drawdown schedule and reporting format with you and the lender.
- Drawdown certification. Site visit, assessment and certified report at each stage.
- Final reconciliation. We reconcile final costs against the budget and close out the reporting.
Related services
- Independent Bank QS Reports: Independent quantity surveyor reports for bank-funded residential projects. We review the budget, contract, costs incurred and cost to complete so your lender can fund with confidence.
- QS Certification Reports for Progressive Drawdowns: During construction, our drawdown reports give the lender an independent assessment of the work completed before further funds are released.
- Cost Planning & Construction Budgets: Construction budgets and cost plans that set a target, allocate it across the project and keep design decisions honest.
This guide is general information only and does not replace advice on your specific project. Costs, building rules and lender or insurer requirements change and every project is different, so please speak to us about your own circumstances before acting.
QS Reports for Developments FAQs
We focus on residential developments. Send us the details and we will confirm whether the project is a good fit.
Yes. We can issue reports to the borrower and the lender, and tailor the format to the lender's requirements.
No. We are independent quantity surveyors and do not build or manage construction. That independence is what makes our reports credible to lenders.
Ready to talk about QS Reports for Developments?
Contact us today for a fixed-price quote. Independent, accurate and professional.