Quantity Surveyor Reports for Bank Loans

Has your bank requested a "Quantity Surveyor Report" or an "Independent Advice Report" as part of your residential construction loan application?

It is becoming increasingly common for banks, mortgage brokers, valuers and other financial institutions to request homeowners to provide a Quantity Surveyor Report (also known as a QS Report) for residential construction bank loans accompanying their applications. These loans could be for owner financing to construct a new home or for a builder or owner-builder seeking construction financing . 

 A Quantity Surveyor (QS) Report for a bank is a document prepared by a Quantity Surveyor that offers an independent and impartial assessment of the cost of a construction project. This report is typically created for the lender's benefit, as part of the loan application process.

The QS Report for bank financing provides the lender with a detailed analysis of the construction cost, encompassing materials, labour, and other construction-related expenses. 

The purpose of the QS Report for bank financing is to provide the bank with an accurate and reliable estimate of the construction cost or evaluation of a builders quote, which the bank uses to assess the project's feasibility and determine the loan amount it can grant. The report also helps the bank manage its risk by assessing potential financial implications of the project, such as cost overruns, delays or other issues. 

We have extensive experience in preparing reports in formats required by various lending institutions, including Westpac, RAMS, St. George, NAB, CBA, ANZ, and others .

We can prepare detailed and accurate reports according to your bank's requirements.

Contact us to discuss your requirements.