The Institute of Surveyors

of Trinidad and Tobago

SCHEDULE OF PROFESSIONAL CHARGES FOR QUANTITY SURVEYOR’S REPORTS FOR MORTGAGE PURPOSE

Site Visits
(All site visits are taken assuming the Quantity Surveyor’s office is located in Port-of-Spain. Similar adjustments must be made in radius if the office is located elsewhere)

i. Port-of-Spain , Barataria, Maraval, Carenage, Diego Martin areas $ 600.00

ii. San Juan ,St. Joseph,Tunapuna,Tacarigua, Arima, Arouca, Carapichaima,
Cunupia, D’Abadie, Freeport, Longdenville,Macoya,Mausica areas $900.00

iii. Claxton Bay, Couva,Point-a-Pierre,Sangre Grande, San Fernando,
San Raphael,Talparo,Debe,Fyzabad, La Romain,Penal, Princess Town,
Siparia ,Ste. Madeline areas $1,200.00

iv. All other locations including Tobago At cost

PRIOR TO COMMENCEMENT OF CONSTRUCTION

A- Reports requiring Analysis and Estimating (QS REPORTS)

 i. Buildings not exceeding $350,000.00  $2,000.00*
 ii. Buildings over $350,000.00
but not exceeding $500,000.00 
 $2,500.00*
 iii. Buildings over $500,000.00   $2,500.00*
 Plus 0.5% Of the
 Residue over $500,000.00


                  
                             
                               
                                                                               
.                                   

*Exclude site visits; Site visits to be added if required
All fees are exclusive of Value Added Tax


B-Preparation of Bills of Quantities Estimates

 i. Buildings not exceeding $500,000.00  1.25% . of the estimated cost
 ii. Buildings over $500,000.00 but not exceeding
 $1,000,000.00
 $6,250.00 Plus .0.75% of the
 residue over $500,000.00
 iii. Buildings over $1,000,000.00  $10,000.00 Plus
 1% up to $5,000,000.00
 Plus 0.75% of the residue
 over $5,000,000.00
 iv. Advising on Contractual Agreements  $2,500.00

                 
                                      

                            

               

 

 


C – Preparation of Valuations (VALUATIONS OF WORK DONE)

Valuation reports for payment to the Contractor or for advancement on loans etc.
(All valuations require a site visit and are taken assuming the Quantity Surveyor’s office is located in Port – of – Spain. Similar adjustments must be made in radius if the office is located elsewhere)

i. Port-of-Spain , Barataria, Maraval, Carenage,
Diego Martin areas
 $ 1,500.00
ii. San Juan ,St. Joseph, Tunapuna, Tacarigua, Arima, Arouca,
Carapichaima, Cunupia, D’Abadie, Freeport, Longdenville,
Macoya, Mausica areas
$2,000.00
iii. Claxton Bay, Couva, Point-a-Pierre, Sangre Grande, San Fernando,
San Raphael, Talparo, Debe, Fyzabad, La Romain, Penal,
Princess Town, Siparia ,Ste. Madeline areas 
$2,500.00
iv. All other locations including Tobago At cost


D- Appraisal Reports for Completed Buildings

(Where drawings are not available an additional amount calculated at cost shall be added to the fee stated in this section, and where a previous appraisal had already been undertaken by the Quantity Surveyor, the Cost of the site visit shall not be added to the fee stated in this section.)

1. Buildings not exceeding $350,000.00 $1,500.00*
2. Buildings over $350,000.00 but not
Exceeding $500,000.00
 $2,000.00*
3. Buildings over $500,000.00 $2,000.00* . plus 0.5% of the
Residue over $500,000.00


E-Reconciliation Reports

Preparation of reconciliation reports
for works already executed and work
still to be done
At the cost for
services Indicated
here in with a minimum . charge of $2,500.00


*Excludes site visits; site visits to be added

F- Renovations and alterations

Preparation of estimates for renovations
and alterations 
At the cost
for services Indicated
herein with a minimum charge of $2,000.00


G- Full Service

1. New Works

i. Provision of services prior to
Commencement of construction
1.5% of the estimated cost or
by agreement indicated herein.
ii. Provision of services
During construction
1.25% of the contracted sum or
by agreement indicated herein

2. Renovations and Alterations

i. Provision of services prior to
Commencement of construction
1.75% of the estimated cost or
by agreement indicated herein
ii. Provision of services
During construction 
1.5% of the contract sum or
by Agreement indicated herein