Quantity surveyors advise on financial and contractual matters relating to, and prepare bills of quantities for, construction projects and provide other support functions concerning the financing and materials required for building projects.
The job role of a quantity surveyor involves the following duties:
- Liaising with clients to identify their needs
- Estimating quantities, costs, and time scales for material and labor
- Preparing tender and contract documents
- Identifying and weighing up commercial risks
- Assigning work to subcontractors
- Valuing completed work, managing budgets, and overseeing payments
- Ensuring projects meet legal and quality standards
- Ensuring that clients get value for their money
- Advising on the maintenance costs of specific buildings
- Submitting regular budget reports
- Following building regulations and health and safety
- Working at a client’s business, in an office, or on a construction site.
Quantity Surveyor Near me
A quantity surveyor is central to the decision-making process throughout the development of a project, from initial inception to final completion. They advise building owners and architects on the probable cost of construction schemes and on the costs of alternative designs. They prepare cost plans for projects which enable the design team to arrive at practical designs for projects and to stay within budget.
They can also act as project managers and are major contributors to the success of all types of projects in all sectors of the industry, including healthcare, education, public buildings, retail and commercial, residential, leisure, and infrastructure projects.
The fee will obviously depend on the scale and complexity of the project but as a general guide, you can expect to pay typically around 0.5% to 2% of the project value.
Hiring a quantity surveyor to prepare a comprehensive depreciation schedule may be worthwhile to help you maximize your tax deductions. Depreciation is generally the second biggest tax deduction property investors can claim, however, some investors don’t appear to be making the most of it.
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Is a quantity surveyor a professional?
A quantity surveyor (QS) is a professional person working within the construction industry and, in lay-mans terms, manages and controls costs within construction projects.
Having a quantity surveyor as part of the team from start to finish ensures that the project is costed out correctly and remains financially feasible at every stage of a construction project. Quantity surveyors maintain a balanced and realistic approach to the funding of every project to make sure there are no-cost overruns, nor that the purse strings are not held too tight. Either extreme has the potential for a catastrophic outcome.
If budgets are too tight, the quality of the project could suffer and if spending is in free fall, then the funds may run out before the project is completed.