Martin Warren & Associates are able to carry out regular valuations of work-in-progress in order to make stage payments to the contractor. This includes the physical measurement of the work on the site and materials delivered enabling the contactor to realise the full value of work executed on site, less a specified retention sum.
For most contractors and sub contractors interim valuations and certificates can form their only source of income, from which they fund the whole of their building operation. In general, building contracts provide within their conditions regular and timely payments to the contractor.
Interim Valuations are prepared by the Martin Warren and Associates whilst acting on behalf of contractors and subcontractors as their Quantity Surveyor whenever it is necessary for the purpose of determinig the amount to be stated as due in an interim certificate, these include:
valuation of architect's instructions or variations
remeasurement of provisional items, prime cost (PC) sums and provisional quantities
valuation of nominated subcontractors and suppliers
unfixed materials on site and, where allowable, materials off-site
fluctuations, where they are allowed within the contract provisions