What is quantity surveying?

Admin

Quantity surveying, also known as construction economics, is a profession that is primarily concerned with the management and control of costs associated with construction projects. Quantity surveyors are responsible for estimating and managing the costs of a construction project from inception to completion.

The role of a quantity surveyor is wide-ranging and can involve everything from tendering and cost estimating to contract administration, cost planning, and project management. They work closely with architects, engineers, contractors, and clients to ensure that construction projects are completed on time and within budget.

One of the primary responsibilities of a quantity surveyor is to prepare and manage budgets for construction projects. They use their expertise to provide clients with accurate estimates of the cost of a project, including materials, labour, and other expenses. This information is used to inform decisions about project design, scheduling, and financing.

Quantity surveyors are also responsible for negotiating contracts with contractors and suppliers. They review and analyse bids from vendors, negotiate terms and conditions, and ensure that contracts are legally binding and in compliance with regulations and standards.

Throughout the construction process, quantity surveyors monitor costs and provide regular reports to clients and stakeholders. They identify areas where costs can be reduced, such as through value engineering, and work with the project team to implement cost-saving measures.

In addition to their financial management duties, quantity surveyors may also be responsible for managing risk, ensuring compliance with health and safety regulations, and resolving disputes that arise during construction projects.

Overall, quantity surveying is a critical function in the construction industry. Quantity surveyors help to ensure that construction projects are completed within budget and on time, while also managing risk and ensuring compliance with regulations and standards. Their expertise is essential for successful construction projects, and they play a vital role in the success of the construction industry as a whole.

Here at Bailey Partnership we cover a wide range of areas including Plymouth, Bristol, Exeter, London, St Austell, Chichester, Manchester and surrounding areas. Get in touch today for more information.