- Cost Estimation: Quantity surveyors are skilled at accurately estimating the costs associated with construction projects. They use their knowledge of materials, labor, equipment, and other factors to provide detailed cost forecasts.
- Cost Control: During the construction process, quantity surveyors monitor and control project costs. They identify potential cost overruns, track expenses, and work with the project team to implement cost-saving measures.
- Procurement: PQS professionals assist with the procurement of construction materials and services. They prepare and evaluate tender documents, analyze bids, and negotiate contracts to ensure the best value for the project.
- Contract Administration: Quantity surveyors help manage the contractual aspects of the project. They ensure that all parties involved comply with the terms and conditions of the contract, including payment schedules and change orders.
- Value Engineering: PQS professionals may also be involved in value engineering, which involves finding cost-effective alternatives without compromising the project’s quality or performance.
- Risk Management: They identify potential financial risks in construction projects and develop strategies to mitigate them. This helps to safeguard the project’s budget and schedule.
- Final Account Settlement: Quantity surveyors are responsible for finalizing the accounts at the end of the project. They review and negotiate any variations or changes to the contract and ensure that all parties are properly compensated.
- Cost Reporting: PQS professionals provide regular cost reports to stakeholders, including clients, project managers, and contractors, to keep them informed about the project’s financial status.
We, Professional Quantity Surveyors often work closely with architects, engineers, contractors, and project managers to ensure that the project is delivered within budget and meets the client’s requirements. They are highly valued for their expertise in managing costs and financial aspects, which contribute to the successful completion of construction projects.