A Quantity Surveyor (QS) manages the financial and contractual aspects of a construction project, including cost estimation, budgeting, and overseeing payments. Their role is critical in ensuring that the project remains financially viable.

How Quantity Surveyors Ensure Financial Control

The QS ensures that all project costs are accounted for, preparing detailed cost estimates and monitoring budgets throughout the project. They also manage contractual relationships, ensuring that payments are made on time and in line with the agreed terms. A QS’s oversight is essential for preventing cost overruns and ensuring the project stays within budget.

Best Practices for Quantity Surveyors

QSs should maintain detailed financial records and ensure that all project costs are transparent and justified. Regular communication with the client and contractors is essential to manage any changes in project scope that may affect the budget.

FAQs

What is the role of a Quantity Surveyor in a construction project?

A: A QS manages financial and contractual aspects, including cost estimation, budgeting, and payments, to ensure that the project remains financially viable.

How does a Quantity Surveyor prevent cost overruns?

A: By closely monitoring the budget, preparing detailed cost estimates, and ensuring that all costs are justified and tracked throughout the project.

Quantity Surveyor (QS) Definition

How Quantity Surveyors Ensure Financial Control

Best Practices for Quantity Surveyors

FAQs

What is the role of a Quantity Surveyor in a construction project?

How does a Quantity Surveyor prevent cost overruns?

Just upload your starting project budget, and follow the financial progress in real-time