What is a Quantity Surveyors:
Quantity Surveyors (QSs) are highly skiled construction industry professional with expert knowledge on construction costs and contracts. Almost all types of construction projects, ranging from large building projects to residential extensions, can benefit from the services of a QS and this is why:
Firstly, an architect can design your vision. Secontly, a construction company can constract your vision. But a Quantity Surveyor holds all the cards on key issues ensuring that the design and construction of your vision is within the agreed budget.
What are the risk for not appointing a Quantity Surveyor?
When you think about following your vision and proceed your investment for building your own house, apartment etc. one of the major factor influencing your decisions is Money. How much my investment will cost?
At this point its vital to bear in mind that a Quantity Surveyor is a Construction Cost expert. The knowledge and special skills of the Quantity Surveyor will guide you to develop a realistic budget reflecting your desire quality objectives. Also, a Quantity Surveyor is in a position to contact Value Engineering studies and recommend alternative materials witch will reduce the life cost of your project wile increase its Value.
However, Client which did not appoint a Quantity Surveyor early on are bearing the risk for there investment will not reflect the maximum value. In addition, the design developed may exceed the Client’s budget and this will affect the Client’s financial stability and may lead to the Project to not be feasible.
Moreover, during the Tender stage, a Quantity Surveyor is the professional associate with the Construction Cost and is in a position to evaluate and recommend the most suitable Contractors. Nevertheless, in the absence of a Quantity Surveyor Clients bearing the risk for proceeding with a Contractor which its tender price makes it impossible to finish the project or with a Contractor which is expected to become insolvent and never finish the Project.
Furthermore, during the Construction phase of the Project a Quantity Surveyor is a vital professional ensure that you pay the Contractor what you should. Conversely, failing to appoint a Quantity Surveyor during the Construction phase you will bear the risk for paying the Contractor more than what you should.
In other words, Quantity Surveyor is a key professional ensuring that you Project is reflecting the maximum value for the money spend.
Why spending a little more for appointing a Quantity Surveyor could save you much more in the long run:
Quantity Surveyor is a key professional ensuring the the Client’s risk in relation to Costs are identified and mitigated. Also, Quantity Surveyor is in a position to reduce the life cycle of your Project while increase its value.
At this point if you price the risk associated for not appointing a Quantity Surveyor, price your Prject’s value lost for not appointed one and compere it agents the fee for appointing a Quantity Surveyor, its easy to realize that a Quantity Surveyor could save you much more in the long run
For example, if you appoint a QS at the fee of 3,000 Euros, your Project budget of 220,000 Euors can be secured. However, the associated risk for not appointing a QS will lead to your budget of 220,000 to not be secured and your Project actual costs may reach 240,000+