Residential Quantity Surveyors Sydney
Newin is your trusted partner for residential Quantity Surveying services in Sydney, NSW. We provide a comprehensive and highly experienced approach to homeowners, developers, and builders, ensuring accurate cost management and planning for all your residential construction needs.
Newin is a trusted partner of choice across the Building & Construction industry
Achievements:
7,000+
Reports Completed to Date
18+ years
Industry Expertise
10-15%
Average Cost Savings
Our residential Quantity Surveying Services across Sydney
Construction Cost Management and Contract Administration
We serve as the initial point of contact between the design and construction teams and our clients, which may include homeowners, builders, or developers. Our role encompasses conducting a construction audit, from the pre-verification of costs before project commencement to the ongoing tracking and monitoring of expenses throughout the construction process.
Construction Cost Project Claim Assessments and Performance
We will evaluate and provide recommendations for both progress and variation claims. Additionally, we will diligently monitor various project budget components, including the costs of completed work, work in progress, and, when required, the costs associated with defective work. Our overarching objective is to guarantee that the construction expenses remain in alignment with the approved budget.
Registered Quantity Surveyor’s Cost Report
This may be required by your council for a DA-approved renovation, construction, or development.
Independent Bank Reports and Assessments
We have extensive experience in preparing the Bank’s Initial Report, Drawdown Valuation Reports, and associated requests. This includes the valuation of completed and ongoing work and the handling of progress claims. Newin has a proven track record of working with numerous leading banks and a deep understanding of their specific requirements in these areas.
Construction Cost Plans and Estimations
We specialise in cost estimations for a broad spectrum of projects, spanning residential, commercial, and industrial developments. Our process involves meticulously calculating the expenses associated with materials and labor, all tailored to the specifics of your project design and specifications.
Our services cover the full project lifecycle, from high-level feasibility cost analyses to comprehensive design cost assessments, both pre and post-tender. Our overarching goal with these cost plans is to provide an independent and thorough evaluation of your project’s budget, pinpoint potential risks, and identify avenues for cost savings.
Find out more about our Sydney construction cost estimate services here.
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SYDNEY HOME BUILDERS AND TRADES
About
Quantity Surveying that offers NO Surprises
Hi, I’m Hai Nguyen, founder of Newin Building Estimating Services, and that’s what I’ll help you do – cost and manage your residential building projects to ultimately ensure your project gets completed to budget and without any cost surprises.
We are a Sydney-based property and construction advisory firm specialising in Quantity Surveying and Cost Management services. We work with residential and commercial builders, home-owners, and architects at various phases: prior to construction, during construction, and post-construction.
Our why?
Over the years we’ve seen clients get caught out with poor project tracking systems, inaccurate costings, or simply “paying too much”, sadly leaving many financially strained.
We have a proven risk management system and industry track record for addressing all these.
The result- greater confidence that your project will be delivered on time and within budget.
With offices across Sydney, Melbourne, as well as Auckland, New Zealand, and powered by 18 year’s + experience in the construction industry, over 7000 reports behind us, we’d love to share how we can help with your residential building or renovation project.
Why do you need a Residential Quantity Surveyor Sydney?
Building or renovating a home is a significant financial investment, and managing the costs effectively can be a complex task. This is where a residential quantity surveyor becomes an invaluable asset. Here are some key reasons why you need a residential quantity surveyor:
Accurate Cost Estimation
A residential quantity surveyor provides precise cost estimates for your construction project. This ensures you have a clear understanding of the financial requirements from the start, helping you avoid unexpected expenses and stay within budget.
Expert Budget Management
With their expertise in cost planning and management, residential quantity surveyors can help you create a realistic and manageable budget. They track expenditures and manage funds efficiently, ensuring that your project remains financially viable throughout its duration.
Risk Mitigation
Construction projects often come with inherent risks, such as cost overruns and delays. A quantity surveyor identifies potential risks early on and implements strategies to mitigate them, safeguarding your investment and ensuring smooth project progression.
Value for Money
Quantity surveyors assess and recommend cost-effective alternatives without compromising quality. Their value engineering services help you achieve the best possible outcomes within your budget, ensuring that you get the most value for your money.
Compliance and Quality Assurance
Residential quantity surveyors ensure that your project meets all regulatory and quality standards. They oversee the construction process, verifying that all work is performed to the highest standards and in compliance with local regulations.
Informed Decision-Making
With detailed cost reports and financial insights, a residential quantity surveyor empowers you to make informed decisions throughout your project. This transparency allows you to plan effectively and make adjustments as needed to keep your project on track.
Peace of Mind
Knowing that a professional is managing the financial aspects of your construction project provides peace of mind. A residential quantity surveyor ensures that your project is completed on time, within budget, and to the highest quality standards.
By engaging a residential quantity surveyor, you ensure that your construction project is managed efficiently and effectively, from inception to completion. Trust Newin’s expert team in Sydney, NSW, to guide you through every step of your residential construction journey.
What’s included in the Initial Report?
The “Quantity Surveyor – Initial Report” plays a pivotal role in the construction and financing of a project, as it serves as the first critical step towards ensuring a successful and financially sound construction endeavor. This initial report serves several key functions, with a primary focus on mitigating risks and ensuring that the project is viable. Here’s an in-depth exploration of this essential topic:
1. The Quantity Surveyor’s initial report is a crucial risk mitigation tool that assesses builder qualifications and compliance with legal requirements.
2. It verifies project documentation, ensuring a solid foundation for successful construction, and benefiting all stakeholders involved in the project.
Quantity Surveying Process
Project auditing services, primarily delivered by Quantity Surveyors to banks financing construction loans, play a pivotal role in safeguarding the financial interests of the lending institution. These services extend throughout the project’s life cycle. In the initial stages, Quantity Surveyors meticulously assess the proposed building costs, comparing them to the budget set by the bank’s client. If the Quantity Surveyor’s cost estimate exceeds the client’s budget, it prompts further scrutiny to determine if the client can secure additional funds to cover the cost difference, thereby ensuring the project can proceed as planned.
Throughout the construction phase, the bank relies on Quantity Surveyors to evaluate every progress claim and proposed variation submitted by the client. This process includes on-site inspections to verify completed work and assess the justification for proposed changes. The Quantity Surveyor’s assessment is instrumental in determining accurate payment amounts to the client for the builder or subcontractor based on work completed to date. Similarly, it aids in the evaluation of proposed variations, allowing the bank to approve justifiable changes, reject those already included in the original scope of work, or renegotiate variations that significantly deviate from market rates to align with current industry standards. In this way, Project Auditing Services serve as a vital financial control mechanism throughout the construction project’s progression.
Estimate Samples
Click here to view a sample cost estimate.
Estimate Samples
Overview
Our reports are tailored to suit the specific needs of your project type.
Our Cost Estimates are:
- Tailored to suit the specific needs of your project type
- Always accurate and thorough
- Easy to understand, with detailed breakdowns provided
- Delivered on time and to your requirements
- Quick turn around, with optional 72hr turn around available.
Do you need a Section 94 Council report?
Starting a residential build or significant renovation in Sydney? Your local council may ask for a Section 94 Council Report before approving your Development Application (DA) or Complying Development Certificate (CDC).
This report helps fund community improvements by specifying contributions for infrastructure like parks, roads, and other essential amenities.
Section 94 of the Environmental Planning and Assessment Act was enacted in 1979 and is designed to introduce extra resources for the council to draw from when developers have new residences or commercial premises planned. The purpose of the levies is to ensure the council can provide for future planning needs, public services, and infrastructure required because of the new development.
As a guide, when your Sydney building cost estimates for a new project come in at more than $500,000, it’s likely you will need a Section 94 Council Report.
WHAT OUR CLIENTS SAY
LATEST ARTICLES
2023 New Home Builds Are Becoming More Expensive in Australia
What’s behind this increase in construction costs? The answer lies in a few key factors. Energy costs are going up globally, which affects the price of some construction materials like cement, glass, and aluminum. These are energy-intensive resources, meaning they require a lot of power to produce.
Supply chain issues have also played a part. Even though things are improving, builders in Australia still sometimes struggle to get certain materials quickly. For instance, concrete, which requires a lot of energy and space for transport, is one material that can be difficult to obtain.
Sydney Home Extension Tips
Whilst it can be easy enough to get carried away with a home extension, you could end up blowing your budget big-time in the process especially when it comes to the more discretionary spending areas like quality of finishes. Ask yourself – Do I need that $20,000 granite kitchen benchtop or will the $7,000 one still give my kitchen that new edgy look? Aesthetics are certainly important, but functionality (and budget) should come first. Minor additions like a new cabinet for extra space or a wider benchtop can enhance the functionality of your space without punching a hole in your pocket.
Building Costs in Sydney Update 2023
Almost a million new homes are forecast to be built in Australia for the five years between 2023 and 2028. It’s 35,000 short of the government’s goal and assumes no further increases to the cash rate. It also does not factor in land supply as a constraint on detached home building. Unfortunately, homeowners have yet to face the full impact of an increasing cash rate on their mortgages, and the ramifications may continue to influence the building supply industry well into 2024.
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