Your bank wants a QS report. Here’s how to get one.
If your lender has asked for a quantity surveyor’s report before approving your construction loan, send us your plans and contract. We’ll give you a fixed-fee quote, and your report back within 48 hours of approval.
First, what is a QS report?
A QS bank report is an independent check on what your build will cost.
Your lender wants to know that the price in your building contract is realistic and that the loan will cover the whole job. A quantity surveyor looks at your plans, specifications and contract, estimates the true cost, and tells the bank whether the numbers stack up.
It protects the bank, and it protects you too. If your contract price is light, it’s far better to find out now than halfway through the build.
What we need from you
- Your plans (architectural and, if you have them, engineering)
- Your specifications
- Your building contract or builder’s quote
- Your lender’s name and any report requirements they’ve given you
- Your deadline for loan approval
Not sure you’ve got everything? Send what you have and we’ll tell you what’s missing.
What you get
- A written cost report prepared for your lender.
- A fixed fee agreed before we start, so there are no surprises on top of everything else you’re paying for.
- Plain-English explanations, so you understand what the report says before your bank reads it.
- A person to talk to if your lender comes back with questions.
Will my bank accept it?
Lenders set their own rules, and some only accept reports from certain firms. Before you order a report from anyone, check with your lender or mortgage broker what they need. Send us their requirements with your plans and we’ll tell you up front, before you pay anything, whether our report fits.
How long does it take?
Within 48 hours of you approving the quote, for most jobs. If yours is bigger or more complex, we’ll tell you before you say yes.
If you’ve got a loan deadline, put the date on the form. We’ll tell you before you pay anything whether we can meet it.
What about progress payments?
Many construction loans release money in stages, and some lenders want a QS to confirm each stage is complete before paying out. That’s a separate report and usually needs a site visit.
Questions homeowners ask
Can’t I just use my builder’s quote?
Your builder’s quote tells the bank what the builder will charge. A QS report is an independent check on whether that price is realistic. Most lenders who ask for a QS report want that independence.
Do you need to visit the site?
For a report based on plans, usually not.
How much does it cost?
It depends on the size of the build and how detailed the plans are. You’ll get a fixed fee before we start, with no obligation to go ahead.
Get your bank report sorted
Send us your plans and contract and we’ll come back with a fixed-fee quote.
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