Module 1- Introduction to Concepts of Construction Estimate Flashcards
What is Quantity Surveying?
Quantity surveyors estimate and control costs for large construction projects. They make sure that structures meet legal and quality standards. Quantity surveyors are involved at every stage of a project. Whether they’re working on residential, commercial or industrial projects, clients rely on them to ensure that the final outcome is value for money.
What does a Quantity Surveyor do?
As a quantity surveyor, you will be responsible for helping to estimate costs, quantities, and project timelines, providing this information to clients. You will be liaising with various teams and assisting in keeping the project on track.
Difference between Bill of Quantities and Bill of Materials
Bill of Quantities (BOQ) includes an itemized list of all project cots includine materials and labor hours. While Bill of Materials (BOM) is just the materials itself.
It is the initial calculations to detailed cost planning and budgeting, quantity surveyors ensure that every peso is accounted for. Their expertise helps prevent budget overruns and keeps the project aligned with financial expectations.
Cost Management and Estimation
They play a critical role in preparing contract documents, including bills of quantities and other tender documentation. This ensures clear communication and understanding between contractors and clients, reducing conflicts and promoting smooth project execution.
Contract Management
It is when QS experts analyze materials, structures, and project designs to propose better value alternatives without compromising quality. This approach is particularly important in the Philippine construction sector, where maximizing resources is key to cost management.
Value Engineering
By assessing potential risks and recommending mitigation strategies, quantity surveyors safeguard projects from unexpected financial pitfalls.
Risk Management
They provide regular cost reports and progress updates, keeping all stakeholders informed and ensuring the project stays on track financially.
Project Monitoring and Reporting
One of the primary challenges quantity surveyors face is managing complex construction projects. These projects often involve multiple stakeholders, intricate designs, and varying regulations, making effective management crucial.
Challenges
Managing Complex Projects
Budget constraints are a common challenge in quantity surveying. Managing costs effectively while ensuring quality can create significant pressure on quantity surveyors.
Challenges
Navigating Budget Constraints
Clients often have high expectations regarding project outcomes, timelines, and costs. Meeting these expectations can be challenging, especially when unforeseen issues arise during construction.
Challenges
Meeting Client Expectations
Quantity surveyors must navigate a complex landscape of regulations and standards in the construction industry. Compliance with these regulations is crucial to ensuring that projects are legally sound and safe.
Challenges
Handling Regulatory Compliance
Time management is a critical challenge for quantity surveyors. Balancing multiple tasks, tight deadlines, and competing priorities can lead to stress and burnout.
Challenges
Managing Time Effectively
The construction industry is rapidly evolving with the integration of new technologies such as Building Information Modeling (BIM), project management software, and cost estimation tools. Adapting to these changes can be challenging for some quantity surveyors.
Challenges
Adapting to Technological Changes
The demands of the quantity surveying profession can lead to significant stress. Balancing multiple responsibilities, meeting deadlines, and managing client expectations can take a toll on mental health.
Challenges
Dealing with Stress and Pressure
