Roles and responsibilities
A Quantity Surveyor (QS) is a construction industry professional who manages and advises on the costs and financial aspects of construction projects. The role ensures that a project is completed on time and within budget, while maintaining quality standards. Quantity surveyors are involved in all stages of a project, from initial planning and design through to completion, providing cost estimation, tendering, and cost control.
Key Responsibilities
Cost Estimation and Budgeting
- Prepare detailed cost estimates for construction projects, including labor, materials, equipment, and overhead costs.
- Develop and manage project budgets, ensuring that costs stay within the allocated financial limits.
- Provide cost advice to clients during the early planning stages to ensure that the project is financially viable.
- Analyze design and construction proposals to identify potential cost savings or budget adjustments.
Tendering and Procurement
- Prepare and issue tender documents to contractors, including specifications, drawings, and schedules.
- Evaluate bids and proposals from contractors and suppliers, ensuring the best value for the client.
- Negotiate contracts and terms with suppliers and contractors.
- Provide recommendations on contractor selection based on cost, experience, and capability.
Contract Administration
- Draft and manage contracts with contractors, ensuring that all terms and conditions are clearly defined.
- Oversee the administration of contracts to ensure that work is carried out as per the contract requirements.
- Review and approve invoices and payment applications submitted by contractors and suppliers.
- Address any disputes or claims arising from contract terms, scope changes, or delays.
Cost Control and Financial Reporting
- Monitor project costs throughout the construction phase, tracking expenses, and comparing them against the budget.
- Provide regular financial reports to clients and stakeholders, highlighting any variances or potential issues.
- Implement strategies to control costs and reduce waste or inefficiency.
- Conduct regular site visits to ensure work is being carried out according to schedule and within budget.
Value Engineering and Risk Management
- Conduct value engineering exercises to identify cost-effective alternatives to meet project objectives without compromising on quality.
- Identify potential risks to the project’s financial success and develop strategies to mitigate those risks.
- Analyze and assess project changes or delays, determining their impact on cost and schedule.
Project Management and Coordination
- Work closely with project managers, architects, engineers, and contractors to ensure that the project is delivered on time and within budget.
- Advise on cost-effective design solutions, materials, and construction methods.
- Coordinate with various stakeholders, including clients, contractors, and suppliers, to ensure smooth project execution.
Desired candidate profile
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Strong Numerical and Analytical Skills
- Ability to work with complex data, including measurements, calculations, and financial reports.
- Proficiency in cost estimation software, spreadsheets, and financial tools.
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Attention to Detail
- Meticulous in reviewing project plans, specifications, and contracts to ensure that costs and budgets are accurately managed.
- Ability to spot discrepancies or potential cost overruns early.
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Negotiation Skills
- Strong negotiation skills for dealing with contractors, suppliers, and clients to secure the best terms and prices.
- Ability to resolve disputes and manage conflicts related to costs and contract terms.
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Project Management
- Ability to manage multiple tasks and projects, often working with tight deadlines.
- Coordinating with different teams and stakeholders to ensure that projects run smoothly and stay within budget.
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Communication Skills
- Strong written and verbal communication skills to present cost information and reports to clients and stakeholders.
- Ability to explain complex financial data in a clear and understandable manner.
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Problem-Solving and Decision Making
- Ability to identify issues that could affect project costs or timelines and propose effective solutions.
- Quick decision-making skills, especially when dealing with budget overruns, delays, or scope changes.
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Knowledge of Construction and Engineering
- Understanding of construction processes, materials, and techniques.
- Familiarity with building regulations, safety standards, and environmental requirements.