Cost and Quantity Surveying

Cost and Quantity Surveying

Cost and Quantity Surveying is an essential discipline in the construction industry that is responsible for managing costs and ensuring that projects are completed on time and within budget.

Our Cost and quantity surveyors play a critical role in the construction process, from preparing cost estimates to managing costs during construction. To be successful in this field, our professionals possess a combination of technical and interpersonal skills that enable us to work effectively with clients, contractors, and other project stakeholders.

Pre Contract Cost Consultancy Services

The management of Pre-Contract activities will decide the project outcome; hence it is essential to have a better control during this stage. We offer a full range of services in Pre-Construction Stages of the projects. Our Qualified staffs pose the knowledge about both international standards and latest technologies like Revit Architecture (BIM). The services we offer includes,

• Feasibility Studies
• Procurement Advices
• Preliminary Estimation
• Cost Planning & Control
• Value Engineering
• Tender Negotiations
• Lifecycle Cost Assessment
• Preparation of Bill of Quantities
• Preparation of Tender Document
• Assistance through tender process
• Tender Evaluation and recommendation

Post Contract

It is essential to have a proper administration of the Contract during post contract stage to secure the interests of the parties involved. The variations, claims, discrepancies & disputes are inevitable and it is the proper contract administration which drives the project towards achieving its core objectives in a timely and most efficient manner securing the best value for the money of our clients. The services we provide are,

• Measurement of Completed Works
• Review of Monthly & Final Statements
• Preparation of Monthly & Final Certificates
• Review & Valuation of Variations, Day Works and expenses on Provisional Sums and Contingencies
• Cost Planning (Monitoring & Controlling)
• Preparation of Financial and Contractual Reports for both project stakeholders and third parties
• Advice the Client on Contractual issues

Cost Control Management

Cost control involves managing the budget, as well as planning, and preparing for potential risks. Risks can set projects back and sometimes even require unexpected expenses. Preparation for these setbacks can save your team time and potentially, money.

The choice for the cost estimation techniques depends on the level of information available. Analogous estimating using the actual cost of previous, similar projects can serve as a basis for estimating the current project. Another option is to use parametric models in which the project characteristics are mathematically represented. Estimates can be refined when more information becomes available during the course of a project. Eventually, this results in a detailed unit cost estimate with a range of accuracy. Remaining uncertainties in estimates that will likely result in additional cost can be covered by reserving cost (e.g. using escalation and contingencies).

Starting a project with cost management in mind will help you avoid certain pitfalls that may occur otherwise. If expectations of the project are not clearly defined at first or are changed during the course of the project, cost overruns will be more likely. If costs are not fully researched before the project, they may be underestimated, which might give false indications about the project’s success.