Finance

Role of a quantity surveyor in construction

1,038 Views

If you go through the entire project procedure you will have learned that during the lifetime of a project their roles included cost estimator, negotiator, project coordinator and other most important roles of them which comes periodically like a wears many hats.

People rely on the professional and experienced Quantity Surveyors while they have gained ton of experience from doing different projects in different industries which also helps to build strong portfolio of experience to attain better project and position in future career.

To complete the project within stipulated budget and time without compromising on the quality and quantity of materials being all of this did from achieved  knowledge and skills.

Even preparing important report such  as Feasibility report, Expense Report, Valuation Reports and other during the project timeline also another prime role of Quantity Surveyor which help to know the owner and other parties about the details of the project.

Preparing Operational Contracts:

At the very beginning of this blog we told that a Quantity Surveyor managing of contractual relationship between various parties of any project in these modern times.

While they start to do this  from  very beginning of the construction project, make cost estimation and move to budget.

Furthermore, he helps to define the optimal quantity and price of the materials being used in the construction project.

Presenting detailed information to work together with clients, contactors, subcontractor, suppliers and consultants in identifying their specialities and scopes  for the project  a Quantity Surveyor organize the division of the project into its component work packages, then awarding these work packages to smaller, more specialized construction companies to find out the best group to offer the deal.

Again, a Quantity Surveyor coordinates with different parties in order to finalize the optimum prices for each element of the project from track of variation to the contract and wrap up the report of profitability.

A Quantity Surveyor during working process  for the client or the contactor, worker and engineers  in office or on site estimates and cost of the works including  labor cost, construction costs and construction methods including potential financial or construction risks with by analyzing project costing tender which help to derive efficiencies to perform these responsibilities.

Managing Finances:

From our above discussions you will get the idea about  the most  important role of a Quantity Surveyor is managing finances repeatedly but in this session we will make it pretty easy to understand for anyone.

From reviewing the architectural plans and preparing quantity needs a Quantity Surveyor estimate the quantity and costs of the materials and prepare contacts and document  to set budget for payments, inventory need and material.

Plus he analyzed costs for maintenance and additional building needs even track changes in plants or constructions  or need any update of the budget and negotiate with all the parties of the running project.

Through this process a Quantity Surveyor will make sure that the project’s cost remain within  the finalized required budget which is calculated before the start of a project based on the designs prepared by the architecture or the clients.

Conclusion:

A Quantity Surveyor works with all parties and get put together needed information to procure optimum value products with the best quality to advise his client on improvements, strategies and estimated costs.

Here using  an effective tool in this scenario would be preparing frequent report to track the project costs.To compare these reports with original budget in order to track financial progress a Quantity Surveyor deal with other parties and their data.

Rahul

Recent Posts

Strategies for Promoting Accountability & Ownership in Remote Teams

Without the face-to-face connection of an office, it can be hard to keep things transparent.…

7 days ago

A Step-by-Step Guide to Trust Administration in Santa Clarita

The process of trust management is a vital task that works for the proper and…

1 month ago

The Potential Dangers of Jon Waterman’s Past Associations

Jon Waterman, the CEO and Co-Founder of Ad.net, Inc., has made a significant mark in…

2 months ago

How Can You Customize Your USA RDP to Suit Your Needs?

When it comes to remote computer responding, USA RDP (Remote Desktop Protocol) offers flexibility and…

2 months ago

Panzura Launches Symphony to Tame Unstructured Data in the Enterprise

Panzura has unveiled its latest hybrid cloud data innovation. Panzura Symphony is a data services platform that…

2 months ago

How to Build a High-Performance Culture Through Effective Performance Management

In today’s fast-evolving business landscape, companies that prioritize performance management create environments where employees can…

3 months ago