Embarking on a development project is akin to navigating a complex maze, especially when it involves interacting with local councils and their myriad requirements. In the realm of estimating costs for these projects, two critical aspects come to the forefront: Section 94 estimates and Council Cost Reports. Let's delve into the details and explore how Quantum QS can expertly guide you through these regulatory waters.
Section 94 Estimates: A Council's Financial Compass
Defining the Landscape:
Section 94 estimates serve as a vital compass in the council's financial landscape. They are instrumental in helping councils determine fees and contributions under Section 94 of the Environmental Planning and Assessment Act 1979. It's important to note that the specifics of Section 94 reports can vary between councils.
Navigating the Verification Process:
In most NSW councils, a key requirement is the involvement of a Registered Quantity Surveyor, a voting Member of the Australian Institute of Quantity Surveyors (AIQS), in the verification process. This expert is tasked with inspecting development consent plans, preparing elemental estimates, calculating development costs, including GST, measuring Gross Floor Areas according to AIQS standards, and finally, providing the essential sign-off on the council’s form.
For more details contact:
1300 300 325
Read More:https://www.quantumqs.com.au/blog/unraveling-section-94-estimates-and-council-cost-reports-with-quantum-qs
