Valuation

'Project Specific' Overhead Recovery

NZS3910 misrepresents Overheads as ON SITE, or OFF SITE... Our definitions are clear, but our terminology is misleading. The NZS3910...

Accurate Payment Claims need Timely Payment Schedules

There is nothing in NZS3910, SA2017 or the CCA that requires us to calculate our claims on a “value to date basis”, less a previous value...

Off Site Materials, Payment Terms and Risks

In these supply shortage, inflationary times, we order everything we can early, to secure the programme and the budget. But price and...

The Principles of Valuation NZS3910:2013

Here we explore [1] Valuing Variation, [2] Valuing Other Matters, and [3] the Principles of Valuation, to be applied to everything being...

National House Costs - What Statistics tell us.

Statistics NZ provides Residential Unit Consent data that tells us how many dwelling units are consented, the total Gross Floor Area...

Market Fluctuations on Contracts 2021, 2022, 2023...

Our industry has largely lived with Fixed Price Lump Sum contracts since the 1980’s demise of labour awards and relatively stable low...

"Let the Profit Margin be" - The Principles of Valuation

The Contractors financial and overhead expenses include any number of risks that frequently arise including the financial impact of Covid-19