A professional quantity surveyor advises clients about the financial planning and legal processes of the building project and prepares contractual documentation, reports on cash flow projections and statements of expenditure. Other activities include tendering, valuation, dispute resolution, cost-benefit analysis, feasibility studies, and value management. These functions enable a professional quantity surveyor to understand the implications of a construction project at an early stage which can be conveyed to the developer or the client accordingly. The role of a professional quantity surveyor becomes more important in phase one environmental site assessment as a crucial decision making about the project happens in this phase.
Key responsibilities of a Professional Quantity Surveyor
Pre-contract cost estimate, cost planning and cost management of a construction project.
Charting out project timelines and undertaking feasibility work of the project.
Tender management including preparing and evaluating construction and development tenders, preparation of bills of quantities, preparing contract conditions, assembly of tender documents, advising on the selection of tenderers, and negotiating and awarding contracts to successful proponents.
Preparing estimates, budget, cost plans, valuation of construction work and claims and dispute management.
Administer and coordinate contracts, sub-contracts, work measurements, manage cost control systems and construction project schedules.
Undertake comparative design studies, life cycle costing, preparing cash flow projections, pre-contract cost control, advising on contracts and procurement routes.
Prepare and submit valuation of charges, progress invoices, bills of quantities, schedule of rates, data processing, and pre-contract correspondence.
Preparing interim valuations, advising on cost control during different stages of construction, and supervising proposed construction methods.
Finalize contracts and provide advice on strategic planning to public authorities, architects, engineers, and prospective buyers.
Evaluating and negotiating contractual issues, preparing final accounts statements and contract charges, preparing and interpreting general conditions, specifications and other parts and forms of contract.
Surveying, measuring and recording site information, producing reconciliation statements for management purposes, preparing and submitting estimates for construction and project development work.
Assessing and presenting contractual claims, providing risk management from inception to completion and conduct or participate in arbitration and court hearings.
Negotiate and support dispute resolution activities and provide commercial advice and support to the construction and development of the real estate project.
A professional quantity surveyor compiles a comprehensive list of costs and benefits of a construction project that includes direct and indirect costs and potential risks costs.
Professional quantity surveyors are good negotiators who transform complex data into simple reports. They are good with numbers and calculations and are excellent negotiators with a methodical approach.
An experienced quantity surveyor offers pragmatic solutions and in case of delays in the project or deviation from original plans, evaluates the cost effects of those changes and works on modifications with the contractors.
A professional quantity surveyor should know various trades like engineering, architecture, law, contracting and accounting to execute his duties well and resolve important issues skillfully.
A professional quantity surveyor is expected to make regular site visits to create evaluations for future work based on financial forecasts, allocate the job to subcontractors and make payments.
A professional quantity surveyor is expected to possess excellent management and leadership capabilities, communication skills, and negotiating capabilities.
A professional quantity surveyor must have a comprehensive knowledge of laws relating to construction projects and accounting to provide sound financial advice.
A professional quantity surveyor must have a working knowledge of design features and practical aspects of electrical and mechanical disciplines.
A good quantity surveyor helps contractors and developers to manage their finances well by staying within the budget and build a substantial return on investment.