INTERNATIONAL
PROPERTY AND DEVELOPMENT CONSULTANTS
hotels
Amanyara
over 40 years of experience in over 25 countries
Founded in 1969, BCQS is committed to upholding the highest professional standards to ensure that our clients’ property and development assets are developed and managed to their greatest potential. As the leading property consultant of its kind in the Caribbean region and Latin America, we are committed to upholding the highest professional standards and ensuring that our clients’ portfolios are developed and operated at optimum efficiency while maximising income. Our mission is to ensure that every client receives the greatest value for money spent. This dedication to quality has earned BCQS a reputation for excellence in countries across the Caribbean and Latin America (including Anguilla, Antigua, Aruba, Bahamas, Barbados, Belize, Bermuda, Brazil, British Virgin Islands, Cayman Islands, Costa Rica, Curaço, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts, St. Lucia, St. Maarten, Nevis, St. Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands, and the United States Virgin Islands). BCQS is an approved consultant for European Union funded projects, the Caribbean Development Bank and the British Government’s Foreign and Commonwealth Office.
start the relationship early Many of the most critical decisions relating to the development of a project are made at the early stages, when only limited information is available. For maximum effectiveness, we recommend our involvement from the very beginning of the development process. Independent professional expertise applied up front helps clients to understand the costs involved in projects and the contractual implications of decisions before they are made. BCQS brings a wide range of skills and talent to the relationship, allowing clients to gain a thorough understanding of what may be required at every step of the way. The savings in terms of cost, time and other resources will be substantial.
BCQS’ team of professionals are members of the Royal Institution of Chartered Surveyors (RICS), a 140 000member organisation representing property interests worldwide.
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Simply put, employing BCQS gives peace of mind. By entrusting the management of a project to our professionals, clients are free to concentrate on what they do best,while BCQS takes responsibility for managing the costs, time and quality of the project. Clients benefit from the many years of experience of a trusted team on whom they can rely for attention to detail and a wealth of expertise. With over four decades of service to clients, BCQS is one of the largest and most knowledgeable property and construction consultants in the region. Our long-standing presence, as well as the depth and breadth of our experience, allows us to provide a level of service that is second to none.
investing in people and systems At BCQS, we invest heavily in the ongoing training and development of our staff, as well as in the technology and systems needed to support our services. Clients receive the benefit of working with a highly qualified group of professionals using professional applications tailored to their needs. BCQS’ services ensure that clients receive optimum returns on their development investments.
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Our services can be tailored to meet your individual requirements.
project management In an environment of competing interests, demanding time scales and ever tighter budgets, BCQS' broad experience ensures your project and design team stay organised and controlled - from inception to completion. No matter the size, type and complexity of the project, we ensure that the most suitable designers are selected, the most appropriate procurement process is followed, and that the right contractors are selected. Our project management services include: Development of the project brief and strategic plan Project control (site and design team), organisation and implementation Risk analysis Project team selection and appointment Procurement advice Design advice to suit end use Contract administration Quality assurance Completion and close-out
resorts and condos
Wymara
cost management / quantity surveying
construction management
BCQS’ Quantity Surveying services in the precontract phase include:
If you are looking to build at an economical
Preliminary cost planning and procurement advice at concept design stage Cost management during design development Preparation of tender documents Solicitation of competitive tenders or negotiation with a preferred contractor and the drawing up of an appropriate construction contract
price but cannot afford the time to manage tradesmen or purchase the best priced materials, then let BCQS manage those functions for you. BCQS offers an alternative to the traditional employment of a Building Contractor for a fixed “management fee”. This means you build at cost, avoiding General Contractor’s overheads, profit margins and preliminary costs.
During the post-contract phase clients’ benefit from: Accurate interim valuations of work in progress Timely financial statements projecting final cost, including costs associated with variations/change orders Settlement of the final account, upon completion
property valuations and appraisals Our valuation and appraisal services cater to individual, financial, commercial, and government clients. These services encompass targeted research into the appropriate market areas, assembling of all pertinent data
Additional Quantity Surveying services include: Feasibility analyses Cost planning /construction cost estimating Value engineering Life cycle costing Schedule of materials Contract administration Butterfield Bank, Cayman
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to determine open market, replacement, and/or investment valuations.
BCQS has the expertise to meet all of your project needs, large or small.
retail
Saltmills
commercial
Camana Bay
property professionals with a commitment to excellence
due diligence analysis B CQ S p rov id e s s p e c if ic d u e d ili genc e services to varied clientele. Banks, developers, lawyers and accountants often wish to have “another pair of eyes” review contract
Professional services provided by BCQS are unparalleled in the region and encompass a
documentation, valuations, drawings, construction documents and insurance policies to protect their or their clients’ interests. Due diligence analysis can take place prior to or during construction, as the client dictates.
comprehensive range of specialist property, construction and development advice.
loan monitoring In instances where a Financial Institution has provided development financing for a project, BCQS will vet quaility, the construction programme and audit the monthly drawdowns being made to the Developer on the Lender’s behalf. BCQS will verify the correct payments are being made, not over paid, and will
risk management Risk is inherent in all construction projects, and in the Caribbean and South America it may be more so – it cannot be ignored. BCQS strives to ensure that the project
value the cost to complete the project.
outcome meets the expected business
This means the Bank knows that there are
benefits. The experience we have
sufficient loan funds to complete the project.
captured is applied to every project and
BCQS will also advise the Bank on the status
shared with the project team – we have
and value of any variations or changes
processes that actively create conditions for
that are taking place on site.
optimum project success. Amanyara Bar, TCI
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residential
Mangrove Point
on time, within budget
life cycle costing
The most optimum time to undertake
feasibility and market studies
value engineering is at concept design Much of the focus of construction cost
stage – prior to spending money on
BCQS has amassed considerable data
planning goes to the initial cost of a project
costly design solutions or construction.
throughout their existence used to compile
and budgets are often judged on their short
B C Q S c a n , h o w e v e r, u n d e r t a k e t h i s
feasibility and market studies. These studies
term performance. BCQS can offer advice
exercise at any time before the construction
provide essential decision-making material
as to the long term quality and performance
is completed.
prior to undertaking a development.
of the project. Life cycle costing provides a
Such studies can include:
holistic view of both the financial and non-
Pertinent market and demographic data
financial impacts of specific design measures within a building. Utility, operation, and maintenance costs are evaluated against
developer representation
Development and construction cost estimates Real estate sales pricing
simple pay back, internal rates of return, net present value and time value to evaluate
BCQS can take on the role of Development
Development cash flows and profitability
the best option.
Manager and manage the development on
studies
behalf of the owner. In such instances we
Real estate marketing plans
can provide the following services, over and
Assistance with assembling the correct
value engineering Value engineering provides a systematic approach to achieving the required project functions at lowest cost without detriment to quality, per for mance and reliability. There are many reasons why unnecessary
above those of Project Manager:
Organise the appointment of the
team for the project Recommendations for ongoing management and operation of the built asset, including advice on set up
development and construction team
of home owners association or strata
Assist with project financing and bank liaison
corporation if necessary
Assist with sales and marketing programme
costs creep into design for example, lack
Assist with legal and corporate affairs
of local knowledge, poor infor mation,
Liaise with Government authorities
BCQS provides a full range of valuation
o u t o f d a t e s p e c if ic a t ions , p oor c o m-
including attaining Development Orders
and appraisal services and are insurance
munication and reluctance to seek
Assist with setting up and managing the
loss adjustors and licensed auctioneers
advice.
ongoing operation of the development
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distressed development solutions
Re-procurement of future expenditure
BCQS offers expert litigation and arbitration
items to take account of possible
support services providing clear, objective
BCQS can unlock value for distressed properties
current lower material and tender prices
analysis and advice. We also act independently
through ‘work-out solutions’. BCQS mitigates
Re-phasing of development (if applicable)
as arbitrators, claims consultants and expert
losses and maximises value of potentially
Stepping in and taking control of the
witnesses.
defaulting property loans to provide greater
outstanding development (if required) By applying analytical programming and
value and future gain for all concerned. Our
financial management skills, BCQS is able to
recommendation to the industry is to avoid the temptation for a distressed sale of assets,
insurance claims consulting
and undertake a ‘work-out solution’ prior to sale. A ‘work-out solution’ will identify the
BCQS acts for loss adjusters or insurance
financial exposure and propose a plan to
companies and their clients in establishing
mitigate losses and maximise values for the
and negotiating the settlement of loss
distressed property. Typically, clients will find
suffered in the event of a claim.
that they will recover significantly higher
construction claims consulting
preserve value for the client, which could include one or more of the following exercises:
to be quantified and allocated. This results in efficient dispute resolution and claims settlement for our clients.
More often than not, in order for a condo or resort developer to sell his real estate
BCQS offers specialist services and advice to
efficiently, their clientele want to have resort
clients who need assistance in overcoming
rental and hotel services in place. BCQS
Renegotiation of lease terms
difficulties encountered with construction
has assisted with various resort openings and
Evaluation of assets
contracts. Clients for these services include
has been instrumental in setting up and
Restructuring of business or development
attorneys, developers, financial institutions,
hiring resort and hotel management
to create value
governments and contractors.
teams to carry out the ongoing functions
Evaluation and renegotiation of
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time impact to be assessed and the costs
resort management services
values from a ‘work-out solution’. In undertaking this process, BCQS will look at all angles to
deter mine the cause of problems, the
of the development. This can also include
contractual liabilities
Most disputes revolve around contract
the setting up of the Strata Corporation
Repositioning of assets for alternative
changes that result in delays, disruption and
(home owners association) to look after the
tenants and buyers
increased construction costs.
ongoing maintenance of the physical property.
sports and leisure
Provo Golf Club
civic
The Faculty of Medical Sciences
bcqs mitigate risk
civil and structural engineering
PML concentrate solely on property management, enabling them to maximise
Civil and Structural Engineering Limited
returns for clients’ property interests.
(CSE), BCQS’ sister company, provides complete professional engineering services to architects,
All of our clients receive regular reports,
developers and the construction industry.
detailing all management issues, and comprehensive accounting information,
CSE provides information from the conceptual
including monthly balance sheet and
design stage through to complete civil and
income and expenditure statements,
structural design on a range of projects.
and a comprehensive analysis. PML prides
Working closely with clients and contractors
itself on its strict adherence to the RICS
alike, CSE provides cost effective and build-
Members Account Regulations, which
able solutions. Structural surveys, concrete
serve to protect the money that we hold
testing and reports are also undertaken to
on behalf of our clients.
provide clients with candid advice on the structural condition of their property and proposed remedial works.
property management
BCQS International mission statement
BCQS Property Management Limited (PML),
To of fer a professional, independent,
BCQS’s sister company, specialises in the
comprehensive and quality service to our
proactive management of commercial and
clients, assessing and managing risk to
residential property. PML provides a
ensure a quality product completed on
service of uncompromising quality, aimed
time and within budget.
at adding value to your property interests. PML’s professional services are tailored to meet your specific requirements.
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airports
banks
churches
colleges
condos
courts
government
Cheshire Hall Hospital, TCI
Exhale Spa, TCI
Jardins Athenas, Rio Preto, Brazil
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Greg Norman Blue Tip Course, Cayman
IGY Rodney Bay Marina, St Lucia
Parrot Cay, TCI
hotels
infrastructure
UBS, Bahamas
leisure
T.B Lettsome Airport, BVI
Portico, Barbados
Seven Stars, TCI
marinas
offices
residential
resorts
restaurants
retail
Kensington Oval Cricket Ground, Barbados
Portico, Barbados
Republic Bank, Guyana
schools
sports
telecommunication
Alister Mcintyre building/medical facilities, UWI, Barbados
Ritz Carlton, Cayman
Church of Jesus Christ of Latter Day Saints, Guyana
Bagatelle Restaurant, TCI
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airports
banks
churches
colleges
condos
courts
government
Keitche Point, BVI
KPMG Offices, TCI
Affordable Housing, Rio Preto, Brazil
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hotels
infrastructure
leisure
Flagship Building, Cayman
Eastern Caribbean Supreme Court, BVI
Grand Hyatt Hotel, Rio, Brazil
Hyatt Hotel, Curacao
marinas
offices
Portico, Barbados
residential
resorts
restaurants
retail
UBS, Cayman
Hard Rock Cafe, Cayman
The Cliff, St. Maarten
Ritz Carlton, Cayman
Bonsucesso Mall, S達o Paulo, Brazil
schools
sports
telecommunication
Joa Hotel, Tijuca Floresta, RJ, Brazil
Sun Salutations, Cayman
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www.bcqs.com
lo c a l kn owledg e, g loba l experi ence
Office Locations: PO Box FH - 14148
Orena
Av. Bernardino de Campos
PO Box 3160
PO Box 871
Shirley Street Plaza
St. Lawrence -
98, 11 Andar, Sala 25
Abbott Building
Whitehall House
Nassau
Main Road
Paraiso
Road Town
Grand Cayman
New Providence
Christ Church
Sao Paulo
Tortola, VG 1110
KY1-1103
Bahamas
Barbados
Brazil
British Virgin Islands
Cayman Islands
T. 1 242 393 5352
T. 1 246 428 8091
T. 55 11 9390 8805
T. 1 284 494 7144
T. 1 345 949 8644
F. 1 242 394 1594
F. 1 246 428 7820
F. 55 11 3887 4800
F. 1 284 494 7184
F. 1 345 949 7184
dlavin@bcqs.com
samin@bcqs.com
jslattery@bcqs.com
bbutler@bcqs.com
ljd@bcqs.com
Lot 1,
1 Oxford Terrace
PO Box Choc 8044
PO Box 158
Thorne Drive,
Kingston 5
Flambouyant Drive
The Saltmills
Durban SP., Backlands
Jamaica
Rodney Bay
Grace Bay Road
Georgetown
West Indies
Gros Islet
Providenciales
Guyana
Jamaica
St. Lucia
Turks and Caicos
T. 1 592 227 1161
T. 1 876 926 2418
T. 1 758 450 7040
T. 1 649 946 4238
F. 1 592 226 8277
F. 1 876 929 9717
F. 1 758 450 7041
F. 1 649 946 4670
dpatterson@bcqs.com
bgoldson@bcqs.com
cdocherty@bcqs.com
staylor@bcqs.com
Nine Strategic office locations.
United States
INTERNATIONAL
Bahamas
Miami, FL
INTERNATIONAL
Turks and Caicos
Cuba Haiti
Cayman Islands
Mexico
INTERNATIONAL
British Virgin Islands
Puerto Rico
INTERNATIONAL
Belize
Jamaica
USVI
Dominican Rebublic
Barbuda
Montserrat
St Kitts Dominica
INTERNATIONAL
Guatemala El Salvador
Martinique
Honduras
INTERNATIONAL
Netherlands Antilles
Nicaragua
St Lucia INTERNATIONAL
Barbados
Grenada Costa Rica
Panama
Trinidad and Tobago
Venezuela
INTERNATIONAL
Guyana Suriname
BCQS operate throughout Latin America and the Caribbean
Colombia
Ecuador
INTERNATIONAL
Brazil Peru
Bolivia
Paraguay Chile Argentina
Uruguay
French Guiana
INTERNATIONAL
BAHAMAS
BARBADOS
BRAZIL
BVI
CAYMAN ISLANDS
GUYANA
JAMAICA
ST LUCIA
TURKS & CAICOS