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For all multi level apartments bought on market later on I also recommend clients call each of those same firms FIRST and ask if they did the original builders estimates for them. It may mean 80%+ of the effort is known and a cost saving is available. They would then need just interior fit-out...

Its not Part IVA to seek to maximise a legit deduction by following the statutory rule of law. Nobody would normally buy multiple reports - Waste of $$$ I agree. However strange but true it actually happens all the time. In my office one of the staff purchased a apartment and lived there...

I'm with you on the just finished issue but again don't believe there is any compulsion to use those original costs. I suspect that the contracting owner (A production company) has commercial in confidence issue and wont hand over costs info to a buyer. And in any case there is no compulsion in...

I understand that provision however the ATO practice recognises that this isn't reality. Few vendors know their costs. Especially in strata situations. Time erodes records, memory and knowledge. Construction companies go bust, people forget, die and lose things. The Block contestants...

So - If I were to buy the unit. I might engage another QS firm to redo the schedule without any known costs and they might assess the "value" of their work performed rather than its cost. Has to be much higher. Several hundred thousands per unit perhaps. Or perhaps the D&D schedule would have...

Last night on The Block, Darren & Dee had Brad Beer of BMT in to arrange a QS report for their apartment. Good to see Brad has been posting here in recent times. I find Brad (and others) very helpful on these valuable deductions and always seem to find technical issues that need to be addressed...