A. VALUATIONS:

We carry out valuations covering the following assets amongst others:

i) Land and buildings
ii) Plant and machinery
iii) Motor vehicles
iv) Household and office furniture, fittings and equipment

The Firm undertakes valuations for various purposes such as:

i. External Financing/Mortgage.

When a loan is considered or is in the process of being granted, the lending institution will ask for a collateral for the loan being sought. We come in here to determine the value of the borrower's collateral, which will serve as a useful guide to the lending institution.

ii. Insurance.

Before the confirmation of an insurance contract, a figure has to be presented as a sum insured and this will form the basis of calculating the premium to be paid and the limit of claims.

In the event of a total or partial destruction, it will be a matter of absolute importance to ensure that the figure represents the limit of the liability. If the figure is over assessed, it will result in paying premium for an unbeneficial part of the sum insured and if under assessed, it will result in a claim less than what will be required to bring the insured back to the position he was before the incident. We are therefore useful in ensuring an appropriate assessment.

iii. Balance Sheet/Annual Accounts.

Most organization do not know the true value of their assets. They simply rely on historic costs of acquisition of the assets depreciated over the years despite the fact that in the mind of the management team, they are aware that the value is substantially higher or lower than what is written in their books.

When a professional valuation of the assets is undertaken, it will put the Board in the right perspective and allow them note the assets that have appreciated and the ones depreciating.

iv. Compulsory Acquisition.

The Nigerian Land Use Act of 1978 confers on the State the Power of Eminent Domain. The State is therefore empowered to compulsorily acquire any land within the state for public purposes.

We undertake valuations for compensation payable in the event of a compulsory acquisition.

v. Mergers and Acquisitions.

When it becomes imperative for two or more companies to merge to expand their market or production base in order to achieve higher returns, to ascertain the contribution of each company a professional valuation of the assets of the companies will be of importance.

Also, when a company is offering shares for sale, the valuation of the assets will be of guide in pricing the shares.

vi. Property Rating.

Property rate is a development tax levied annually on different types of properties. It is usually paid to the local government authority. In this period of arbitrary rates, we can value your property, advice you on the appropriate rate payable and assist in presenting your case to the relevant authorities. We believe that at some point or the other in the course of your activities, you will need valuations for any of the above-mentioned purposes either for your organization assets, clients or for your private use.

B. ESTATE AGENCY:

The Estate agency department of the firm consists of two units:- sales and letting.

The sales unit assists individuals, organizations and corporate bodies to dispose or purchase properties. These include financial institutions that may want to dispose of foreclosed properties either by auction or private treaty.

The letting unit assists prospective tenants in the sourcing and leasing of all kinds of properties. This unit also assists property owners in letting and selection of quality tenants for their vacant properties.

C. PROPERTY MANAGEMENT:

This involves the control and supervision of a completed development with the aim of obtaining the highest and best value or maximizing the property investor’s returns from the investment by ensuring the proper upkeep and maintenance of the property.

In the firm’s function as property manager, we perform such functions as:

i. Seeking and obtaining quality tenants for vacant properties.
ii. Negotiating and collecting rents from tenants.
iii. Ensuring that tenants comply with the provisions of the lease agreement.
iv. Attending to the numerous complaints from tenants such as repairs, etc.
v. Carrying out such other functions that will ensure maximization of the investor’s return.

D. PROJECT MANAGEMENT:

Project management is the overall planning, control and co-ordination of a project from conception to completion aimed at meeting a client’s requirements and ensuring completion on time, within cost budget and to the required quality standard.

Our team aims to deliver to our clients a project that fully satisfies their needs regarding quality, performance, timing and cost in use.

We motivate and coordinate all participants to achieve project completion on programme and within budget.

The growing practice in the construction industry today is to appoint the Estate Surveyor and Valuer as project manager leaving the other consultants to concentrate more on their professional functions.

In the firm’s capacity as project manager, we become the leader of the development team and co-ordinate the functions and activities of all other members of the team as well as the main contractors. Some of the functions of the Firm as Project Manager will include but are not limited to:

Site acquisition/assembly, project feasibility and viability appraisal, programming, supervision, design appraisal, authorizing design changes, monitoring progress and cost, letting and management of the completed development.

Since the firm also performs the role of property manager, (i.e. after the completion of the completion of the development when other members of the development team have left the scene), we have that unique experience obtained from managing properties to detect design features likely to cause management and maintenance problems in future and consequently are in a position to advise against these at the design stage if appointed as Project Manager.

E. FEASIBILITY AND VIABILITY APPRAISALS:

This is usually part of the Estate Surveyors and Valuers function as project manager. It is prudent that before embarking on a property development project, an Estate Surveyor and Valuer should be commissioned to carry out a pre-investment appraisal.

Such an appraisal will determine what is appropriate for a particular site as distinct from determining whether the proposed line of investment is feasible and viable. With the firm’s knowledge of the property market, we are in a position to advise as to what development the market would accept for a particular site.

Having determined what is appropriate for a site, the Firm will prepare a proper feasibility and viability appraisal after obtaining the inputs of other professionals to determine whether the investment as designed, is both feasible and viable.

It is not uncommon for such an investment not to be undertaken or be modified thereby saving the investor potential losses.

F. FINANCIAL AND INVESTMENT SERVICE:

Our objective is to arrange a suitable financial package, at the keenest possible terms the moment it is required. We specialize in providing a service for clients who are seeking finance for property and land acquisition.

We can advise at an early stage on the preparation of a project, identifying the lender, making presentations to bankers and negotiating terms and conditions.

We minimize the client’s administrative time by liaising with the lenders on the taking up of security and arranging draw down facilities.

In addition to valuations, the Firm is also in a position to offer advise to organizations on matters relating to property investment and management, if desired.

G. FACILITY MANAGEMENT:

This is a multi dimensional discipline that deals with the process of coordinating the work or living place to achieve maximal function of its facilities and services. This is achieved through the integration of the principles of Estate Management, Business Administration, estimation, design and the behavioural and engineering sciences.

Our clients are pleased to find that our approach is in the
finest business traditions.