Liabilities of a Quantity Surveyor: A Quantity Surveyor (QS) is a professional who mainly deals with construction costs and contracts associated with the Construction Industry. The role of a quantity surveyor is to recognize and compile the related costs with the purpose of creating a complete budget for any project.
A quantity surveyor can then accept cost planning to facilitate all the members of the design team to find out the practical solutions and maintain the budget of the project.
The Quantity Surveyors along with the project architect produce this final detailed estimate to make a basis on which consequent tenders are examined. With schedules of quantities, it becomes easier to translate the drawing, plans and specifications submitted by the design team to facilitate the each contractor to work out the tender prices reasonably. Once tenders are approved, the Quantity Surveyor arranges cash flow data for the client to outline his resources sufficiently to fulfill contract commitments. Alternatively, the Quantity Surveyor has to settle on how much of a job should have been paid for at any one time.
Duties of Professional Quantity Surveyor – A Professional Quantity Surveyor (PQS) should accomplish the following works:
Produce and assess construction and development tenders out of information submitted by the architects, engineers and other design consultants as well as settle and reward contracts to successful proponents..
Handle, supervise and organize all types of construction and development projects, along with the contracts and sub-contracts, construction progress schedules, cost control systems, and work measurements.
Arrange, submit and control progress invoices, valuation of changes and settle contracts. Give suggestion on construction cost and strategic planning to potential owners, architects, engineers and public authorities.
Arrange and interpret tender documents, specifications, general conditions, and other parts and forms of contracts.
Create and deliver estimates for construction and development work.
Give suggestion commercially and support to construction and development project works.
Perform or take part in arbitration and court hearings. Research, negotiate and support dispute resolution operations. Function of a Construction Estimator Certified professional.
A Professional Quantity Surveyor contains a thorough knowledge of construction and construction methods together with the laws regarding construction projects and accounting, with the intention of providing cost and financial advice.
A Professional Quantity Surveyor should have specialty in mechanical or electrical disciplines, but all Professional Quantity Surveyors should possess working knowledge of the practical facets and design features of both fields.