Bank Reporting: Popeyes, Burger King & Starbucks

Tahua Partners Limited (Tahua) is a New Zealand (NZ) owned investment company that primarily operates in the retail and hospitality sectors.

Tahua engaged Cuesko as bank/funding quantity surveyors for the introduction of Popeyes Chicken into NZ, and the expansion of Starbucks and Burger King outlets.

The scope of bank funding on this project can be summarised as follows:

Initial Funding Report, including review of, and commentary regarding the following:

-Development Budget
-Plans & specifications,
-Contingency provisions,
-Programme,
-Insurances,
-Statutory approval (Resource Consents, etc.)

Drawdown report, including discussion of the following:

-Verification of development expenditure
-Cost to complete for each approved development,
-Confirmation that all parties have been paid to date,
-Programme,
-Compliance with consents & related conditions,
-Adjustments in forecast costs & remaining contingency levels.