Post Contract Services

Risk Register

Risk is an event which if it occurs poses usually a negative impact on a project.  A risk is defined by having both an impact and a probability and should not be confused with uncertainty.

Mensura helps parties to address the question of project risk by identifying risk mitigation and allocating responsibility for the management of risk.

For projects likely to exceed £5m construction cost, please contact us for a bespoke quotation.

Interim Valuation

The Housing Grants, Construction and Regeneration Act 1996 (as amended) stipulates that interim or stage payments are due to any party to a construction contract that has a duration of more than 45 days.  In the absence of specific requirements in the building contract default provisions apply.

For gross valuations likely to exceed £5m construction cost, please contact us for a bespoke quotation.

Variation Assessment

Instructions and variations may alter the nature or scope of the work by providing for additional, varied or less work.  Almost all building contracts experiences variations.  Mensura reviews the original contract drawings and specifications and the proposed or actual changes and values these in accordance with the agreed terms and conditions of contract.

For projects where a single variation or the aggregate of variations is likely to exceed £500k construction cost please contact us for a quotation.

Financial Statement/Cost Report

Preparing regular financial statements is a key means of keeping the Client informed of the financial health of a project.  We collate all the variation information together with anticipated changes to show the estimated final cost of the project each month.   This is balanced back to the approved budget  by adjusting the available contingency.

For projects where the construction cost is likely to exceed £5m please contact us for a quotation.

Loss and Expense Ascertainment

Construction contracts usually provide for the Contractor to claim direct loss and/or expense as a result of progress of the works being affected by matters for which the Client is responsible.  This might include delays in instructions, discrepancies in contract documents, instructions relating to variations, expenditure of provisional sums and so on.

For projects where single loss and expense claim or the aggregate of loss and expense claims is likely to exceed £100k please contact us for a quotation.

Final Account Agreement

Final account statements signify the full and final settlement of projects cost between the Employer and Main Contractor.  Agreement of the Final Account triggers the Final Account Statement and ultimately enables the Contract Administrator to issue the Final Certificate.

For projects exceeding £5m construction cost please contact us for a quotation.