Quantity Surveying: Vital for Construction Economics

Demystifying Quantity Surveying

Quantity Surveying (QS) is a specialist field within the construction and infrastructure sectors that primarily focuses on the management of costs and budgets for building projects. From early design estimations to final figures, quantity surveyors ensure that construction projects are feasible, valuable, and completed within the financial confines set by stakeholders.

Roles and Responsibilities

Cost Estimation and Budgeting
Quantity surveyors kick off a project by preparing detailed cost estimations. They consider material costs, labor expenses, equipment hire, site overheads, and potential challenges. This foundational work is essential for establishing feasible budgets¹.

Preparation of Bill of Quantities (BOQ)
One of the fundamental documents prepared by a QS is the BOQ, which lists detailed information on all parts of a construction job, providing a basis for tendering and contract agreement.

Contractual Advice and Risk Management
Quantity surveyors often advise on the selection of suitable contract types, assess potential risks, and propose mitigation measures. They also handle contractual disputes and assist in claims management².

Cost Control and Value Engineering
As a project progresses, QS professionals monitor and control costs to ensure they remain in line with the budget, and they might propose value engineering solutions for achieving desired outcomes more cost-effectively.

Final Account Settlement
At the completion of the construction project, the quantity surveyor will settle the final accounts, ensuring all financial matters between the contracting parties are addressed³.

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Applications Across Sectors

Residential and Commercial Construction
QS professionals play a pivotal role in the construction of homes, offices, retail outlets, and other structures by ensuring they are economically viable and within budget.

Infrastructure Development
From roads to railways and bridges, quantity surveying is integral in large-scale public projects where budget constraints and value-for-money are paramount⁴.

Specialized Facilities
QS services are crucial in specialized sectors like healthcare, where facilities such as hospitals demand unique considerations concerning costs and materials.

Challenges and Future Trends

The ever-evolving landscape of construction, characterized by technological advancements and shifting market dynamics, presents challenges for quantity surveyors. Adoption of digital tools, Building Information Modeling (BIM), and sustainability considerations are driving change in the profession⁵. Additionally, a stronger emphasis on green construction and sustainable practices is pushing quantity surveyors to integrate environmental considerations into their cost analyses.

References

  1. Seeley, I. H. (1997). Quantity Surveying Practice. Macmillan International Higher Education.

  2. Cartlidge, D. (2011). New Aspects of Quantity Surveying Practice. Routledge.

  3. Ashworth, A. (2014). Cost Studies of Buildings. Routledge.

  4. Willis, A., & Ashworth, A. (1994). Practice and Procedure for the Quantity Surveyor. Blackwell Science.

  5. Smith, J. (2011). Building Cost Planning for the Design Team. Butterworth-Heinemann.

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