Defective Works Valuations remain a core part of our business.
Under the Security of Payments Schemes in all Australian states, New Zealand and Singapore the Construction Valuation must take account of Defective Works during construction – the work that has been notified to the Contractor under the contract as defective and in need of rectification.
The normal measure of value here is the cost to correct the defect. However if that amount is out of proportion to the benefit to be obtained by the owner from that work, then usually a diminution in value (loss of worth/benefit to the Client) will be assessed.
We can provide a construction valuation of these amounts if you believe that Owner/Principle/Architect/Engineer/Builder has overstated the value of the costs of rectification of defects in the payment schedule/response. Often this is done by way of an Expert Review & Challenge Report like the one posted on our website.
Usually depending on the form of contract, we find that what one party says is a defect is actually not a defect under the contract as it has not been notified under the contract and/or does not require correction before practical completion (snagging/defects inspection), meaning that the Contractor/Subcontractor has been under-paid.