Investment and Construction Consultancy

>  Services related to drawing up financial statements under IAS, IFRS and GAAP
>  Valuation of securities and shares in charter capital
>  Valuation for financial institutions
>  Valuation of intellectual property and intangible assets
>  Real estate and movable assets valuation
>  Assets revaluation in compliance with RAS
>  Expertise of valuation reports, executed by other appraisers
>  Value consultancy
Investment and construction consultancy is aimed at streamlining investor’s expenses when implementing investment projects.
The following procedures are carried out within investment and construction consultancy:
>  value audit;
>  construction audit;
>  valuation of investment projects;
>  estimation of investment value of construction objects.

Value audit is comprehensive review of technical and financial documents aimed at finding out issues affecting the value of investment project, as follows:
>  mistakes in calculation of value;
>  expenses unduly included in the bill of quantities or acts on acceptance of the work implemented;
>  overstated cost of work, raw and services comparing to the average market prices;
>  overstated scopes when drawing up cost estimate documentation and with regard to actual work carried out at the project site;
>  non-earmarked disbursement of funds;
>  applying overstated coefficients, rates and pricing when generating value;
>  etc.
Value audit may include the following kinds of work:
>  analysis of value of investment projects allowing to reveal mistakes at the initial stage of project implementation and irregularities when estimating value of construction (including excessive expenses in value, overstated cost of work etc.);
>  review of cost estimate documentation in terms of compliance with scope of work in project documentation, review of as-built documents (forms KC-2, КС-6) in terms of compliance with the scope of work actually performed ;
>  review of cost estimate documentation in terms of compliance of applied rates, coefficients and pricing with statutory standards;
>  analysis of procurement prices of raw and construction when drawing up the cost estimate in terms of their compliance with average market showings;
>  analysis of procurement prices of equipment in terms of their compliance with average market showings;
>  revision of earmarked disbursement of funds;
>  other kinds of work.
Construction audit includes the following kinds of work:
>  review of availability and completeness of initial permissive documentation and documents of title;
>  review of comprehensiveness of design and estimate documentation (control over timely elaboration);
>  review and control over schedules of work(implementation of investment projects);
>  control over quality of construction and installation activities and over construction materials, units and constructions used;
>  control over scope of construction and installation activities implemented;
>  revision of completeness of as-built documentation at construction site in terms of compliance with regulatory documents effective in the territory of the Russian Federation;
>  revision of compliance of technology of implementation of construction and installation activities at the construction object with technology in the working plan
>  other kinds of work.
Independent construction audit shall provide timely revelation of problems when implementing construction projects, as follows:
>  unjustified increase of budget and terms of construction;
>  mistakes made when designing and executing work;
>  low quality implementation of construction and installation activities;
>  low quality of control and coordination of processes;
>  failed liabilities performance by the counteragents;
>  unavailability of documents required;
>  etc., which in their turn cause increasing expenses and hinder the whole implementation of construction project.

Problems timely revealed and procedures elaborated to decrease their impact on the project allow the Client to make optimal managerial decisions and control investments.
Efficiency of investment and construction consultancy (revelation of value overrated) makes up to 10-20 percent from the amount of investments.

Investment projects valuation
Within valuation of investment projects appraiser conducts review of efficiency of investment projects by means of calculating basic showings of internal rate of return, net present value, payback period etc. Review of the showings allows investor to make conclusion regarding feasibility of investing into one or another project.

Estimating investment value of construction objects
When estimating investment value of valuation objects the value for a certain entity or a group of entities is estimated when the investment objectives of exploitation of the valuation objects are determined.

Asset valuation and management

Contact information:
For more information on our valuation and asset management services please contact:
Stanislav Novikov, FBK Partner
e-mail:Novikov@fbk.ru
Stanislav Anikanov, Director FBK Valuation Department
e-mail:AnikanovS@fbk.ru
Should you have any questions please do not hesitate to contact experts of our Valuation Department
e-mail: info_do@fbk.ru
You are also welcome to leave your inquiry on-line
Tel.:+7 (495) 737-5353