Do You Need to Hire a Quantity Surveyor?
You’re in the midst of a construction or engineering project, be it a new build, renovation, or maintenance and your budget is suddenly stretched far too thin. You thought you’d planned your financing perfectly but it’s seemingly – well – gotten away from you.
Most projects of this particular nature require a certain finesse when minimizing costs and extracting the most possible value from your spending decisions. Additionally, your project must meet various legal and quality codes and regulations.
These numerous components are best managed by a quantity surveyor, a professional with expertise in formulating quantities and providing accurate estimates for the materials and labor costs of your project.
How Do I Know a Quantity Surveyor is Qualified?
When looking to hire a quantity surveyor, your candidate should possess a surveyor degree or the requisite qualifications in accordance with the Royal Institute for Chartered Surveyors (RICS).
The degrees most pertinent to a quantity surveyor are surveying, construction, civil engineering, or structural engineering. It is possible to fill the position with a candidate who lacks the specific or relevant degree, but they will need to complete a postgraduate conversion course recognized by RICS.
What Are Some Tasks and Responsibilities of a Quantity Surveyor?
The two other names for a quantity surveyor - cost manager and construction economist - both shed light upon the diverse responsibilities falling under the position’s umbrella. As an integral member of your team of advisers, your quantity surveyor streamlines construction costs and workflow efficiency from the beginning to the end of a given project. Here’s a brief breakdown of how they do it:
- Before a project, your quantity surveyor will compare the project with similar work to ensure accuracy and precision.
- Mid-project, an effective quantity surveyor will give the project owner the necessary cash flow data. This way, the client will be able to provide the correct finances for each stage.
- At the end of a project, your quantity surveyor calculates the accumulative costs of the project and produces a final account of the actual costs for each section of completed work.
A Quantity Surveyor Eliminates Missteps
By hiring a proficient quantity surveyor, you’ll be prepared for any possible tax depreciation, mediations, arbitrations, and replacement cost estimations.
Your quantity surveyor will also work alongside the following professionals throughout a given project:
- Project owners
- Insurance underwriters
- Solicitors and courts
- Government authorities
Get the Job Done Right, and Hire a Quantity Surveyor
One of the most common mistakes during a construction or engineering project is to neglect the hiring of a quantity surveyor. Decision-makers often incorrectly assume that the absence of a quantity surveyor will offset labor costs.
However, the cost of a quantity surveyor’s labor is an investment and you’re guaranteed a sizeable return on said investment. These are highly qualified, aptly certified, and extremely well-rounded professionals that can help you not only save but increase profits on a given maintenance or building project.
Once you’ve hired a quantity surveyor for the first time, you’ll wonder how you’ve ever operated without such a valuable skillset bolstering your team.
PRO TIP - order similar original content for your business blog. Sign up for ContentFly!