Engineering services

Engineering capabilities

FBK provides a wide range of engineering services for audit and expert assessment in civil, industrial, and infrastructure construction throughout the entire lifecycle of investment projects.

The set of engineering services may include:

construction and technical due diligence;
technological examination;
technology assessment;
technical documentation review;
contract review;
cost analysis;
financial and economic examination;
risk assessment, involving leading industry experts and accredited laboratories.

FBK's engineering capabilities cover all processes and stages of construction, from project initiation to facility decommissioning:

Construction audit — expert assessment of a construction project's status.
Continuous project performance review — dynamic analysis of an investment-construction project.
Compliance oversight — monitoring compliance with stated project implementation conditions.

FBK provides a comprehensive range of engineering services, which can be tailored in agreement with the client:

Analysis of average market price levels and oversight of the validity of contractor and equipment selection for the project

Independent review of commercial proposals and contracts at the final stage of counterparty selection following the client's tender.
Sourcing and engaging alternative contractors and suppliers at the start of the tendering process.
Analysis of tender participants' commercial proposals for compliance with average market price levels based on open-source data and proposals from alternative contractors or suppliers.

Upon completion of the analysis, the client receives:

Detailed report on the project's actual status, cost forecast, and construction timeline.
Recommendations for project implementation control and risk mitigation.
Project implementation risk report.
Interim monitoring reports covering budget/schedule adherence, legal and technical changes, risk mitigation progress, and other contingencies.
Actual construction budget savings of up to 15%.
Established base of verified suppliers and contractors.
Extended database of key material and technical resource costs.

Investment and construction advisory

The entire investment project lifecycle involves comprehensive research of complex technical projects and development of practical solutions aimed at mitigating investor risks, which are strategically important for the client.

Upon completion of the advisory, the client receives:

Report (as part of other reports).
Customised approaches to investment project evaluation and analysis, based on experience with Russian business leaders.
Improved efficiency of capital investments.

Audit of capital project management

Analysis of capital investments for construction, reconstruction, and repair expenses conducted as part of a voluntary audit of a major commercial real estate owner.
Development of recommendations to improve the efficiency of the client's capital project management.

Upon completion of the audit, the client receives:

Recommendations for improving the efficiency of capital project management, e.g., organising external oversight (audit inspections).
Updated construction feasibility studies.
Optimised financing/handover schemes.
Enhanced efficiency of the client's capital project management, ensuring adherence to timelines, budget, and quality.
Reduced non-conformities and budget/timeline overruns, improved project stakeholder interaction.

Verification and adjustment of general contractor's loss calculation

Analysis of construction contract implementation, verifying the correctness of the loss calculation incurred by the general contractor for a large sports facility construction project.
Independent assessment and preparation of materials substantiating the general contractor's loss for the state construction client.

Upon completion of the verification, the client receives:

Report containing detailed calculations and justifications for the causes of losses. The arguments presented in the report can be used by the state construction client to substantiate the general contractor's loss in court proceedings.

Compliance oversight

Protecting the client's financial interests through technical and financial control measures at any stage of the construction facility lifecycle.
Providing an independent assessment of the facility's current status, identifying defects and deviations from norms and stated parameters, and determining their causes.

Upon completion of the oversight, the client receives:

Report detailing the project's actual status, identified defects and deviations, conclusions on cost and timeline analysis, and recommendations for project control and risk mitigation.
Ability to make informed management decisions based on the provided information, adjust plans and strategies in time, cut costs, and improve project efficiency.

Verification of incurred expenses and assessment of costs required for construction completion

Analysis of the investment project's financial implementation (contracting, execution, absence of unjustified expenses).
Verification of initial permit and as-built documentation to identify potential risks, actual construction progress, and completion timelines.

Upon completion of the verification, the client receives:

Report with detailed findings on potential project risks, calculations of incurred justified costs, and a forecast of the amount required for construction completion.
Ability to make informed management decisions regarding further project implementation.

Our advantages

Full Range of Services

FBK services cover the entire construction cycle – from project initiation to its commissioning and further operation.

Expert Team

The inclusion of FBK experts in the National Association of Builders' Register is testament to their high qualifications and experience.

Insurance

FBK's professional liability in providing engineering services is insured, providing reliable protection of the client's interests against potential financial losses.