Led by Graham Smith, PQS — Independent Quantity Surveying & Advisory
Development Feasibility, Construction Cost & Lender Advisory
Independent quantity surveying, feasibility reviews, cost planning, and construction monitoring across Metro Vancouver and the North Shore. Principal-led advice to assess project costs, funding exposure, and delivery risks before and during construction.
We provide independent commercial review for developers, owners, investors, and lenders — identifying where projects work, where assumptions are exposed, and what needs adjustment before capital is committed.
Projects planned under earlier market conditions frequently face revised financing parameters, changing municipal levies, and shifted delivery margins.
See why projects are stalling →
Learn about Project Monitoring for Lenders →
- Principal-led on every engagement
- PQS-credentialed commercial oversight
- Direct experience across BC & Alberta
Principal-Led Cost & Development Advice
Godiva Consulting Inc. is led by Graham Smith, a Quantity Surveyor providing independent cost planning, feasibility review, project monitoring, and development advisory support across Metro Vancouver, the North Shore, and British Columbia.
The practice focuses on practical, commercially grounded advice for developers, investors, lenders, and owners making project, funding, and delivery decisions.
In many cases, project risk is not visible at a high level — it only becomes clear when assumptions are tested against current conditions, funding requirements, and construction delivery realities.
Recent Insights & Guides
Example: North Vancouver Feasibility Review
A recent residential redevelopment feasibility study in North Vancouver tested cost assumptions, delivery risk, and project viability under current market conditions.
The review identified where early assumptions required adjustment and where project exposure was most sensitive to change — supporting a more informed capital decision.
How We Help
Development Feasibility Studies
Independent project cost modeling, baseline assumption testing, revenue and interest sensitivity analysis, and commercial viability reviews.
Cost Planning & Estimation
Independent Class D through A estimates, regional market benchmarking, escalation allowances, and pre-tender budget risk validation.
Project Monitoring
Initial loan reviews, progress valuation, cost-to-complete tracking, monthly draw verification, and exception reporting for construction lenders.
Development Advisory
Commercial advice on rezoning viability, DCC exposure, procurement strategies, contractor review, and capital exposure control.
Construction Draw Verification for Smaller Developments
Independent, principal-led loan monitoring tailored for credit unions, private lenders, MICs, and family offices funding projects across Metro Vancouver.
Smaller and mid-market commercial or residential builds often do not require bloated monitoring teams, but credit committees still demand rigorous, independent verification before releasing loan funds. Godiva Consulting provides focused, principal-led review under agreed scopes of work:
- Site Progress Reviews: Physical visual inspection of completed work on site prior to draw authorization.
- Claimed Progress Audits: Verification that invoiced contractor claims match actual on-site installation and off-site materials stored.
- Cost-to-Complete Testing: Assessment of remaining budget, committed change orders, and contingency adequacy to prevent unfunded shortfalls.
- Advance Recommendations: Clear, timely PQS certificates and exception reporting to support prompt lender decision-making.
Reassess Before You Commit Capital
In many cases, relatively small changes in cost, pricing, funding, or timing can materially affect project viability.
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