Unraveling Section 94 Estimates and Council Cost Reports with Quantum QS

Published On

Jan 15, 2024

Embarking on a development project is akin to navigating a complex maze, especially when it involves interacting with local councils and their myriad requirements. In the realm of estimating costs for these projects, two critical aspects come to the forefront: Section 94 estimates and Council Cost Reports. Let's delve into the details and explore how Quantum QS can expertly guide you through these regulatory waters.

Section 94 Estimates: A Council's Financial Compass

Defining the Landscape:
Section 94 estimates serve as a vital compass in the council's financial landscape. They are instrumental in helping councils determine fees and contributions under Section 94 of the Environmental Planning and Assessment Act 1979. It's important to note that the specifics of Section 94 reports can vary between councils.

Navigating the Verification Process:
In most NSW councils, a key requirement is the involvement of a Registered Quantity Surveyor, a voting Member of the Australian Institute of Quantity Surveyors (AIQS), in the verification process. This expert is tasked with inspecting development consent plans, preparing elemental estimates, calculating development costs, including GST, measuring Gross Floor Areas according to AIQS standards, and finally, providing the essential sign-off on the council’s form.

Council Cost Reports: The Crucial Piece in Your DA Puzzle

Commencing the Journey:
The initiation of a new building project often hinges on the approval of the Development Application (DA) by the council. Enter the Council Cost Report, a crucial requirement for DA approval, especially when the estimated cost of development surpasses specified limits set by the council (generally >$500,000 - <$3.0m)

Purposeful Compliance:
The Council Cost Report plays a pivotal role in enabling the council to determine the Section 7.11 and 7.12 Contribution. Strict compliance with section 25J of the NSW EPAA 1979 is imperative. This report must be meticulously prepared by a registered Quantity Surveyor, a member of the AIQS, adhering to the specific requirements set by the individual council.

Quantum QS: Your Trusted Navigator in Regulatory Waters
At Quantum QS, we recognise the indispensable role of Section 94 estimates and Council Cost Reports in your development journey. Our expertise lies in crafting Section 94 estimates with precision and compliance, aligning seamlessly with the unique requirements of diverse councils. Furthermore, our registered Quantity Surveyors are dedicated to meticulously preparing Council Cost Reports, offering developers an unparalleled blend of affordability and compliance.

In the intricate landscape of council regulations, let Quantum QS be your seasoned guide. With a wealth of experience and expertise, we are committed to ensuring your project sails through the regulatory waters with precision, accuracy, and unwavering compliance. Partner with Quantum QS, and let's navigate your development journey together.

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