Rangatira Road

Achievements

• We have achieved substantial savings on the client’s behalf during the course of the contract through careful management, meticulous evaluation and deft negotiation and agreement of the fair-and-reasonable value of variation claims and provisional sum expenditure.
• The substantial number, detail and value of variation claims and provisional sum expenditure claims was extraordinary, and equated to an aggregated total of over $973,000 or $1,118,950 (incl GST) or 26.6% of the entire contract value (excluding Contingency).
• The aggregate total of reductions/savings achieved between the variation claims presented by the contractor during the course of the contract and the final agreed fair-and-reasonable value of the variation claims alone is over $191,000 (excl GST) or $219,000 (incl GST)
• This represents savings of over 37% of the final certified Variations and Provisional Sum expenditure, and over 5.2% of the entire original Contract Value (excluding Contingency) including Provisional Sums and Contract Works.
• An additional $37,000 would have been achieved if the client hadnt conceded to reach a commercial settlement relating to siteworks and margin issue, for which there was no contractual entitlement, which would have resulted in total savings of over $228,000 (excl GST) or $262,000 (incl GST)
• In addition, robust and detailed evaluation of multiple Extension of Time Claims achieved substantial reduction in the claimed 72days EOT to just 6days, which achieved substantial additional savings of over $140,000 (excl GST) or $161,000 incl GST (comprised of $80,000 in related EOT Working Day Rates and at least $61,000 in professional fees alone, not including additional savings for finance and holding costs.
• In total, savings achieved by Quantum equate to over $331,000 (excl GST) or $380,000 (incl GST) or 9% of the entire Contract Value (excluding Contingency).
• (i.e. over $368,000 (excl GST) or $423,000 (incl GST) or 11.6% if the client hadnt conceded to reach commercial settlement.