Bank Reporting and Financial Certification

We have a team of highly professional, experienced, efficient and effective cost managers.

As an organisation focused on outstanding results, Donald Cant Watts Corke understands your need to obtain clear and reliable verification, abating project risk. Furthermore, our expert consultants offer bespoke solutions tailored to your individual needs. Our services incorporate all project necessities, with quality, safety, time, cost and sustainability issues given as much prevalence as the project’s technical design and construction issues.

In 2014, Donald Cant Watts Corke acquired Sydney based company, Heymann-Cohen; a highly experienced team of quantity surveyors who have performed the function of Superintendent and been involved in Bank Reporting and Certification for almost 20 years, acting on behalf of numerous Australian financial institutions. We now as a Group offer this service nation-wide, across a number of sectors, including high-end residential and commercial projects.

We are on the panels of a number of banks, with varying approval levels up to the value of $75 million per contract.

These include:

• National Australia Bank
• ANZ
• Westpac
• St George
• Investec Bank
• Commonwealth Bank of Australia

We are very experienced in acting as the liaison between our clients and the bank.

We understand the integral role the Building Contract plays in the delivery of a project and are experienced in undertaking a review of the contract, in particular the commercial terms including retentions, liquidated damages and variations amongst others.

We also offer monthly progress reports required by the bank commensurate with progress claims from the builder, including signed certificates certifying the value of works completed in the period as well as the forecast cost to complete the total project.

Many forms of building contracts used in Australia prescribe the requirement for a superintendent.

Our suite of services includes:

• Progress monitoring and reporting;
• Coordination of quality control and completion inspections;
• Assessment of extension of time claims;
• Assessment of progress claims and issue of progress certificates;
• Assessment of claims for extra payment (such as claims under the latent conditions provisions or variations) under the contract;
• Determine issues of potential dispute under the contract between the principal and the contractor;
• Arrangements for execution of contract documents;
• Screening of commercial requirements in relation to contractors' insurances and security deposits;
• Approvals and clearances by statutory authorities;
• Advice on rate of progress and expenditure;
• Recommendations on contractual actions to be taken by the principal.