£12m of savings for a landowner
The landowner’s professional advisors turned to us for assistance in responding to a developer’s option exercise notice.
Our Role
Preparation of an Independent Abnormal Cost Plan
- Developed a detailed cost plan to benchmark against the developer’s figures.
- Ensured all abnormal costs were scrutinized for accuracy and necessity.
Review of Developer’s Cost Submissions
- Conducted a thorough analysis of the developer’s proposed costs.
- Identified discrepancies and inflated figures that lacked justification.
Site-by-Site Review
- Examined each site individually to validate cost assumptions.
- Highlighted areas where costs were overstated or unnecessary.
Preparation for Expert Determination
- Collated evidence and prepared robust arguments for formal dispute resolution.
- Ensured the landowner was fully equipped for negotiations or legal proceedings.
The Outcome
- Brookbanks discovered that the abnormal costs were overstated by approximately £12 million.
- This intervention significantly increased the landowner’s financial return, safeguarding their investment and ensuring fair value.
Key Team Members
Group Director of Cost and Commercial
Anthony Brown
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Senior Cost Consultant
George Wood
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Project Cost Consultant
Ismail Ali
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Senior Cost Consultant
Jaskaran Singh
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Senior Associate Director, Cost and Commercial Group
Mark Miller
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