The Benefits of Using a Quantity Surveyor – There are many exciting changes on the horizon for the construction industry. As we turn the corner of a new year and a new decade, there are lots of awesome technological advancements which will help to make your construction operations more efficient, cost-effective and sustainable. But while technology should be embraced, it’s no substitute for human knowledge and expertise. Therefore, whatever investments you make in plant, materials and project management software this year, you should supplement these investments with tried and true services to improve efficiency and mitigate risk.
Using a Quantity Surveyor will always be a good idea, whatever other investments you may make in the new year. They play a vital role in ensuring the viability and profitability of a project. They are equal parts designer, engineer, mediator and contractor.
Here, we’ll look at some of the tangible benefits of using a Quantity Surveyor for your project…
They can help you start work with confidence in your end result
Even the most seasoned construction firm can struggle to see the wood from the trees at times. They can find it difficult to accurately estimate costs and time frames. They may also worry that their initial estimations are invalidated by extra costs or time delays.
A Quantity Surveyor helps to get a more accurate idea of initial costings by cross-referencing the project against other similar projects. As well as being able to identify and estimate construction costs they can also provide accurate estimates of operational and Whole of Life costs for a given project.
So firms can break ground knowing that there’s less risk of unpleasant surprises.
They can help with cost control and put you in the driver’s seat
If there’s one thing that all construction firms can do without, it’s unforeseen costs and runaway expenses. For this reason alone, a Quantity Surveyor’s fee more than pays for itself.
They assist in the drawing up of accurate and comprehensive budgets that account for all known variables. They can help you to get the most out of every penny spent and reduce wasteful spending. They can assist in monitoring costs at every stage of the project and maintaining a healthy cash flow so that no money is lost in interest or late payment fees. With properly staged progress payments, they can keep the project on track financially and drive cost-efficiency.
They can help reduce and mitigate risk
Construction is an inherently risky business, so it stands to reason that part of a Quantity Surveyor’s job is also to help reduce and manage risk. They can advise on strategy to help you make more informed and responsible decisions. They can assist in the managing of finances on project, advising on the best cost structures for each individual project so that your firm needn’t worry about the cost and logistical consequences of poor cash flow. They can advise on all aspects of quality, safety and time management to ensure that the project goes smoothly and with reduced risks.
A Quantity Surveyor is a key part of any successful project.