When it comes to construction and engineering projects, a quantity surveyor’s job is to keep eye on the budgets involved. This may involve the construction of new structures, the repair of existing structures, or the fulfilment of routine maintenance.
Quantity surveyors are responsible for ensuring that a project fulfils all legal and quality assurance criteria and regulations while also reducing costs and increasing value for money. They are known in the business as Construction Cost Consultants or Commercial Managers, and it is their responsibility to closely monitor the project’s finances and contractual obligations.
What Are the Most Essential Duties of a Quantity Surveyor?
Throughout the many stages of a building or construction project, quantity surveyors are engaged in and accountable for a variety of duties. While there will be certain recurring jobs and procedures, the day-to-day duties will be different. It all relies on the specifics of the projects they’re in charge of.
Completing Feasibility Studies
A quantity surveyor is responsible for a wide range of duties. Before a project begins, a feasibility study will be undertaken. A feasibility study is the first step in determining how much it will cost for materials, time and labour. If a project is still feasible, profitable, and likely to yield a return on investment, this is a vital step in the process. Throughout a project, several minor studies are carried out to gauge its viability.
Tender Preparation, Negotiation, and Analysis
Quantity surveyors prepare, negotiate, and analyse cost estimates for bids and contracts. This vital role is keeping in touch with all of the project’s many subcontractors and stakeholders. As part of this, they suggest and then negotiate the best possible terms with each of their chosen suppliers. Thus, they are better able to provide good value for money. Analysing costs is the last step in this crucial work, which helps them and the larger project get a better understanding of all the factors that impact a certain cost.
Work effort coordination is within Quantity Surveyor’s purview. This requires working with all of the subcontractors on a project to ensure that they are all on the same page and on time. The quantity surveyor will communicate with all of the concerned subcontractors if a certain stage of the project is on a critical path. Having them on board will make it easier for everyone to manage their part of the project successfully and efficiently. Keeping the project on schedule and under budget will be made easier by this.
Legal and Contractual Advice
Legal and contractual difficulties are just a few of the things a quantity surveyor may help the project team with. Client-subcontractor contractual conflicts, questions about contracts and bids, contract vetting, guidance, and the interpretation of contracts and tenders are examples of potential problems.
Valuing Completed Works
The job of a quantity surveyor is to determine the value of finished work and to pay the subcontractors involved. It’s part of their job to make sure that the work has been done in compliance with the contract or tender. It is also their job to ensure that the work meets the agreed-upon quality standards. They provide the client or relevant team with information on the cost of various job packages and arrange for payment based on their appraisal of completed tasks.
What is the role of a quantity surveyor?
These are the primary role & responsibilities of a quantity surveyor:
Estimating the material costs of a project
To offer clients an estimate of the project’s cost, quantity surveyors analyse the kind and amount of materials required, as well as any additional costs.
Analysing construction blueprints
They often examine designs to evaluate many elements of the building, including pricing, scheduling, and supplies. In addition, they must guarantee that the construction complies with health and safety laws.
Contract negotiation to maintain a budget
Quantity surveyors often prepare and negotiate contracts with the construction business on behalf of their clients when putting up a project budget. Budgetary constraints are taken into account while calculating the prices, time, and materials needed.
Preparing cost-tracking documents
Quantity surveyors are often called upon to create financial papers, budgets, and contracts. They may keep track of purchases via the use of receipts or by keeping track of recent orders.
Quantity surveyors also supervise projects to guarantee adherence to budgetary constraints. They communicate with clients and contractors to determine their needs. They may provide guidance to clients, assisting them in selecting the most economical materials for a project.
Resolving financial inconsistencies
These experts examine a company’s financial records in detail to detect any errors that might lead to serious financial losses. They make sure that the clients receive a fair deal that is within their means.
Travelling to job sites
Often, quantity surveyors visit building sites to confirm that the work is moving on time and that the necessary raw materials are in stock. Payroll and project valuation are two more responsibilities that they must handle.
Analysing an existing budget
They often analyse a company’s current budget to see if any modifications can be made to enhance the company’s financial situation. When it’s essential, they may also restrict or raise financing for certain portions of a company.
Recognising commercial risks
The job of a quantity surveyor is to take into account market swings in prices and labour to detect any business risks in a given project. To come up with creative ideas, they need to be able to analyse situations thoroughly.
How We Can Help You
Quantity Surveyors play an important role in improving the effectiveness of construction project control by combining their process expertise with project management and knowledge management. A large portion of the construction industry’s ability to weather the financial crisis is due to their expertise in legal policy, which includes tactics like bidding and early-stage contractor selection.
The Trikon Developments, a multi-disciplinary construction consultancy, has been offering sophisticated quantity surveying skills to its clients in the UK. We use an automated technique for data gathering and processing to guarantee that your project is advancing in accordance with the plans that have been established for it. For additional information, get in touch with us today.