Dobber New Homes property and construction administration case study

Quantuma lead the property and construction administration of business Dobber New Homes.

Overview:

  • Once construction commenced it became evident that further funding would be required to complete the construction
  • Additional costs of approximately £150,000 were identified by the builder taking the projected cost to complete the development to £450,000, plus professional fees
  • £244K had been spent on construction and an additional facility of £100K had to be agreed to cover outstanding invoices and costs


Outcomes:

  • A funding request of £200K was approved and works recommenced in June 2010
  • A number of site visits were made by the administrators and works were proceeding in accordance with the works schedule submitted by the contractor and Quantity Surveyor

 

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