Director-Led Commercial Stewardship | RICS Chartered Quantity Surveyors
Quantity Surveying &
Construction Cost Management
Director-led technical rigor protecting capital investments across Cayman and the region—from initial feasibility through final account settlement.
- Led by Michael Thomas MRICS
- RICS Regulated Standards
- 40+ Years of Local Cost Benchmarks
- Comprehensive Pre- & Post-Contract Oversight
Technical Leadership & Independent Cost Stewardship
Led directly by Managing Director Michael Thomas MRICS—a Chartered Quantity Surveyor, RICS Registered Valuer, and Commercial Mediator—our QS practice delivers uncompromising commercial precision. We combine international professional ethics with four decades of real-time local construction cost data in Grand Cayman. We safeguard developers, institutions, and lenders against budget overruns, improper variations, and contract exposure across every phase of construction.
Core Quantity Surveying Capabilities
Pre-Contract Cost & Procurement Planning
- Feasibility Estimates & Budgeting: Early-stage order-of-cost estimating and elemental cost modeling to establish realistic financial parameters before design freeze.
- Cost Planning & Value Engineering: Continuous cost monitoring during design development, identifying cost drivers, and optimizing structural and material specifications without compromising quality.
- Procurement Advice: Structuring bespoke procurement strategies and selecting appropriate standard forms of contract (FIDIC, JCT, or custom agreements) tailored to project risk profiles.
- Tender Documentation & Bills of Quantities (BOQs): Preparing unpriced Bills of Quantities, schedule of rates, and comprehensive tender packages to ensure clear, competitive bidding.
- Tender Analysis & Contractor Selection: Conducting rigorous technical and financial tender evaluations, qualification negotiations, and contractor selection recommendations.
Post-Contract Financial Oversight & Administration
- Interim Valuations & Payment Certification: Performing precise site inspections and work-in-place assessments to certify contractor progress payments accurately.
- Variation Assessment & Cost Control: Rigorously evaluating scope changes, variation claims, and rate adjustments against contract terms to prevent cost escalation.
- Financial Reporting & Cash Flow Forecasting: Producing regular cost-to-complete reports, exposure assessments, and projected cash flow schedules for project stakeholders and funding institutions.
- Contract Administration Support: Overseeing contractual notices, extensions of time requests, and formal correspondence to maintain contract integrity throughout execution.
- Claims Analysis & Final Account Settlement: Reviewing contractor loss and expense claims, performing audit reconciliations, and negotiating final account agreements.
Specialist Advisory & Dispute Resolution
- Construction Dispute Support & Expert Witness: Technical claim evaluations, independent delay/cost analysis, and formal Grand Court expert witness representation in construction litigation.
- RICS Commercial Mediation: Independent dispute resolution services to resolve contractor, client, or sub-contractor conflicts outside of court.
- Independent Cost Audits & Lenders’ Due Diligence: Initial project audits and ongoing drawdown monitoring for commercial banks and private financing entities.
- Insurance Reinstatement Cost Assessments: Elemental reinstatement cost appraisals for commercial, residential, and infrastructure assets to ensure correct insurance placement.
More from the practice
Everything else
a building asks of you.
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02
Project Management
One point of accountability from brief and procurement through to practical completion.
Project Management -
03
Development & Project Consultancy
Feasibility, viability and phasing advice before the first dollar is committed.
Development & Project Consultancy -
04
Buyers Advisory
Independent due diligence on condition, cost and value before you sign.
Buyers Advisory -
05
Hospitality & Regional Asset Valuation
RICS Red Book valuations, feasibility and advisory for hotels and resorts across the Caribbean.
Hospitality & Regional Asset Valuation -
06
Insurance & Reinstatement
Reinstatement cost assessments before a loss; claim preparation and rebuilding oversight after one.
Insurance & Reinstatement -
07
Lender Monitoring
Drawdown certification and cost-to-complete analysis for banks funding construction.
Lender Monitoring -
08
Dispute Resolution
Expert witness, arbitration support and independent determination on property matters.
Dispute Resolution -
09
Reinstatement Cost Assessment
Rebuild figures for insurers, updated on the cycle your policy actually needs.
Reinstatement Cost Assessment
Get in touch
Tell us about the
building. We’ll take it from there.
A valuation, a strata that needs running properly, or a project that needs costing — start with a conversation. Quotes are free.
