Initial Financier's Reports
An independent view, prepared before construction starts, on whether the budget, programme and documentation behind a project are adequate to deliver it.
What an Initial Financier's Report is
An Initial Financier's Report is prepared for a lender before construction commences. It assesses whether the proposed budget, programme and documentation are reasonable and adequate to complete the works.
The report exists because a lender is being asked to commit funds against a project that does not yet exist. It provides an independent read on whether the numbers and the programme hold together, and flags where the risk sits before drawdown begins.
What the report covers
- Development budget — whether the allowances are reasonable for the works proposed.
- Building contract — the contract sum, structure and key commercial terms relevant to cost.
- Documentation — how complete the drawings and specifications are, and what that implies for risk.
- Programme — whether the construction period proposed is realistic.
- Contingency — whether the allowance is appropriate to the stage and the risks identified.
- Approvals and insurances — that the relevant items are in place, within the agreed scope.
- Risk commentary — the areas most likely to affect cost or delivery.
Who it's for
Financiers and lenders who need independent reporting to support funding decisions, and borrowers and developers who need to satisfy a lender's conditions before drawdown.
The reporting is written so that a lender can rely on it and a borrower can understand it. The basis and the reasoning are both visible.
What you receive
- An assessment of budget adequacy against the proposed works.
- Commentary on documentation, programme and contract.
- Identified risks and the areas needing attention before or during construction.
- The basis of the review and the documents relied on.
- Assumptions, inclusions and exclusions, clearly stated.
What happens next
Once construction is underway, the same independent view is normally continued through Progress Claim Reports, which assess works completed on site and recommend how much of each claim should be certified.
Who prepares the report
Asset Scope's reports are prepared by a Certified Quantity Surveyor (CQS) and Member of the Australian Institute of Quantity Surveyors (MAIQS). See our accreditations →
How the work runs
Scope and purpose are confirmed first, then the documents, contract and project information are reviewed and assessed, with findings checked before issue. The full sequence is set out in how we work.
Get the budget checked before you draw down.
Send through the contract, the development budget and the programme, and we'll confirm scope and turnaround for a financier's report.
Related services
Other reports commonly needed across a funded development.