R-quantity Surveyors as Profit Center

8/11/2019 R-quantity Surveyors as Profit Center

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CIDC Delhi

Role of Quantity Surveyor As

Profit Center

S A Reddi

Value Engineering [email protected]


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Quantity Surveyor

A quantity surveyor(QS) is a professional

working within the construction industry

concerned with Project costs.

The profession is one that provides a

qualification gained following formal education,

specific training and experience that provides a

general set of skills that are then applied to adiverse variety of problems.1Predominantly

these relate to costs and contracts on

construction projects.
http://en.wikipedia.org/wiki/Construction_industryhttp://en.wikipedia.org/wiki/Construction_industry


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Quantity Surveyor

Job description

A quantity surveyor manages all costs relating

to building and civil engineering projects, from

the initial calculations to the final figures

Surveyors seek to minimize the costs of a

project and enhance value for money, while still

achieving the required standards and quality

Many of these are specified by statutory

building regulations, which the surveyor needs

to understand and adhere to.


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QS Typical Work Activities

Preparing tender and contract documents, BOQ

Costs analysis, Control Assist in establishing a clients requirements

and undertaking feasibility studies

Prepare Analyze costing for tenders

Allocating work to subcontractors

Advice on contractual claims

Progress reports, value completed work

Aware of the different contracts in use Understand Health & Safety Regulations

Risk and Value Management

Advise on procurement strategy;


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QS Typical Work Activities A surveyor calculates all related costs so that

companies will be well informed about howmuch each portion of their building will cost andthe areas where they can minimize their costs

Quantity surveyors goal is to enhance the value

of a building in relation to the amount of moneyspent building it

The surveyor looks at the construction process& determine Standards and Regulations to

meet minimum statutory building regulations Will also determine areas most important to

maintaining the quality of the new building.


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QS Work Activities- Options

A quantity surveyor can find business from either acontractor or the client, and they also have the optionof choosing to work on-site or away in an office.

Once chosen, he is involved in the entire buildingprocess from start to finish. At the beginning, he willevaluate the property and prepare estimates on thetotal costs involved in the project

He will continue to prepare contractual documents,bills, and other tender documents. He will perform costanalysis, perform a risk and value managementassessment of the property, as well as provide insighton cost control and procurement strategies


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Entry Requirements for a

Quantity Surveyor

A first degree will give the best opportunities asa quantity surveyor

Accredited institutions like the Royal Institutionof Chartered Surveyors (RICS) or the similarlywell-known Chartered Institute of Building(CIOB) offer many degree programs

With such a degree, One will probably be ableto secure a better position and earn moremoney, but may not necessarily need a degreein quantity surveying in order to be successful

in this career.


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Case: Quantity Surveyor of A

Construction Co

Mr X, a Matriculate, Started as Administrative

Assistant in the QS Dept

Diligent Observation, Studies Enabled Rise To

The Position OF HOD

On Retirement, The Position Was Difficult to Fill

He Studied General Conditions of Contract ofEach Tender, Made Copious Notes of

Strengths and Weaknesses in the Documents

Which Enabled Successful Claims Later On!


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Case: QS Director In UK Const Co

Personal Experience

As Head of Foreign Operations, Visited ALeading Construction Co in UK

The Managing Director Introduced Fellow

Board Members; One Was Director, QS! The MD Clarified That During Lean Periods, It

is The QS Director Who Helped Generated

Profits Thro Identifying Claims At The TenderStage


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Qualifications

You may also be able to enter without any

degree at all. You will need to be prepared towork your way through the industry

Some businesses may actually fund degreecourses related to quantity surveying so thatyou can get the education necessary to makethe most out of this career.

if you do have a degree unrelated to quantitysurveying you complete further study and theRICS. The RICS is a qualification programdesigned to give career seekers another routeto becoming a quantity surveyor.


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Skills Required Methodical and analytical thinking as will as practical

and logical reasoning skills Problem solving skills with a creative approach

Skill related to mathematics and financialmanagement

Concise writing skills to produce reports on complexinformation * Thorough knowledge and understandingof building and construction codes, regulations, etc

have enough hands on, work experience

Formal education is important, but being able todemonstrate that you have a relevant understandingof building and construction can go a long way


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Continuing Professional

Development (CPD)

Continuing professional development is almost the

norm in today's business world.

The RICS offers a lifelong learning programme that

will allow you to record and mark any professionaldevelopments that you have made over the years.

Programs designed to promote learning in an open

atmosphere, as well as provide a space for private

study

RICS has also established conferences and events

that quantity surveyors can attend to learn more


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Quantity Surveyor Functions

The QS reports to Project Manager Provides advice in the decision-making throughout themanagement of a project from initial inception to finalcompletion

The QS handles estimating and cost control, thetendering process and, after contract award, thecommercial interface

QS carries out estimating and measurement of worksprior to tender, producing the bill of quantities; produce

tender documentation and manage the tenderprocess; clarify and evaluate tenders; and manage theresultant contract through monthly valuations,variations control, contract administration andassessment of claims.

.


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Quantity Surveyor Functions

Some are trained in techniques of cost control. Those

who emphasize the cost discipline Are Often Called

"Construction Cost Consultant". They ensure that

projects are designed and constructed in such as toGet value for money, cost certainty , programme dates

Others emphasize contracts management. Trained to

draft, interpret and administer complex contracts,

those who operate in the broader field of projectmanagement often adopt other titles such as

"Contracts Manager" or "Construction Surveyor".


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Contractor's QS

Responsible for performance of operations thatmirror those of the owner's QS- themeasurement and pricing of construction work,

but specifically that actually performed by thecontractor as opposed to the construction workdescribed and measured in the constructioncontract between the owner and the contractor.

Such a difference in quantity of work may arisefrom changes required by an owner, or by anarchitect or engineer on an owner's behalf.

Typically, the settlement of a change


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Contractor's QS

The role of a contractor's QS will extend further

than the day to day running of building projects

Will cover sub-contract formation, forecasting of

costs and values of the project, cash flow

forecasts and the collation of the operation and

maintenance manuals of the project

This increase in the capacity of the surveying

profession has led to an increased demand for

qualified personnel


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About RICS

: RICS (Royal Institution of CharteredSurveyors) coversall aspects of property,construction and associated environmentalissues. RICS has 86,000 chartered members(FRICS and MRICS) and 55,000 members inother categories of membership globally.

It represents, regulates and promotes the work

of these property professionals throughout 146countries. RICS is governed by a Royal Charterapproved by Parliament which requires it to actin the public interest. It is also a professional

regulatory body approved by Government


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Planning

During the planning procedures the QS plays a

key role in assessing whether the project isfeasible economically

The Quantity Surveyor may act in consultingrole to engineers and architects, advising them

on cost effective methodologies and procedures Professionally trained in building code and by-

laws, He ensures the project adheres to localand national regulations

Feasibility, both engineering and economical ,is a key factor in the planning procedure


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Construction While the project is underway , the Quantity

Surveyor Ensures the process runs smoothlyand within budget limits

Conflict can arise and the Quantity SurveyorSteps in to act as a liaison between conflicted

members of the construction process Interpersonal relationships Among the

construction team keep the project moving

Attention to monitoring the costs andeconomics involved during the construction.Keeping the project running without conflict

C


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Post-Construction

After the project is completed, responsibilities

and function shift. This objective now is tomonitor the building and make sure thatoperational costs are kept inside the budget.

the responsibilities are to make sure the project

adheres to local and national tax laws. Insurance claims and cost of replacement are

dealt with by the Quantity Surveyor. Accurateestimates of damages and costs of destroyed

or damaged goods are also provided.


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Responsibilities During Tendering

To establish the cost of installation, materials

and workmanships and to come out with a wellplanned quotation which is beneficial to boththe company and the main contractors for each

individual project that the company is handling To prepare contracts for projects by stating

clearly the terms and conditions, studying andunderstand the contracts

When projects are completed, proceed withclaiming of payments from the relevant partiesand complete the collection of payments as

soon as possible.

B i R l A d R ibiliti


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Basic Roles And Responsibilities

Prepare , submit and collect claims for payment

Prepare, submit quotations. Diligently to following up Do awarding of contracts and preparation of contracts

related documents

Sourcing and purchasing of materials and related

products needed for production Perform liaison with engineer and sales department

Perform liaison with main contractors, sub contractorsand other parties involved the projects

Studies other project cases to solve any problems

Report Progress Daily to boss without being asked


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Monitor Construction Cost

As advisers, they estimate and monitor

construction costs, from the feasibility stage of

a project through to the completion of the

construction period

After construction they may be involved with tax

depreciation schedules, replacement cost

estimation for insurance purposes and, ifnecessary, mediation and arbitration.


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Liaison Work

Quantity Surveyors work closely with architects,financiers, engineers, contractors, suppliers,project owners, accountants, insurance

underwriters, solicitors and Courts Quantity surveyors get their name from the Bill

of Quantities,. This is measured from designdrawings, to be used by the contractors fortendering and for progress payments, forvariations and changes and ultimately forstatistics, taxation and valuation.


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Advise on Economics

Initially quantity surveyors use their knowledge ofconstruction methods and costs to advise on the mosteconomical way

They use Cost Planning, Estimating, Cost Analysis,

Cost-in-use Studies and Value Engg to establish aproject budget

During design the QS ensures that the design remainson budget through Cost Management

Essential additions offset by identified other savings On completion of design and drawings, the quantity

surveyor may prepare a Bill of Quantities, which isissued with the specification, for use by contractors in

submitting tenders.


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Tenders

The contractor's quantity surveyors preparetenders, and price alternatives

Involved in assessing tenders, advise on the

type of contract or special clauses in it During construction they fairly value progresspayments at regular intervals, value changes todesign or quantities which may arise by

reference to appropriate Bill of Quantities rates They prepareclaims for progress payments and

additional work.


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Role On Project Completion

On completion the quantity surveyor producesdepreciation schedules of project componentsadvises on insurance replacement costs

In case of disputes the quantity surveyor iscalled on as an expert witness, and somequantity surveyors act as arbitrators. Both thecontractor's and owner's quantity surveyors will

be involved in this They use their skills in refurbishment of old

buildings, alterations to existing buildings andinsurance replacement estimates


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Analytical Mind

Quantity surveyors have orderly and analytical

minds and prepared to work to very rigid time

schedules. As decisions involving large sums of

money are often made using information

produced by them they must be accurate in allaspects of their work

Quantity surveyors work in the private sector

with Contractors, in the public sector mainlywith the Government Departments/Authorities,

financiers, property developers, project

managers and universities


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Comments, queries, suggestions?

[email protected]
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R-quantity Surveyors as Profit Center

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