Scope of Services
Within the construction industry Quantity Surveyors are recognised as the financial managers of the construction process and play a critical role in ensuring the financial success of building projects. They act in liaison with architects, consulting engineers and contractors to safeguard the client’s interest as independent experts who are expected to maintain the highest level of professionalism towards all parties involved.
Key reasons to engage a Quantity Surveyor include the following:
- To establish an initial construction budget at an early stage of the development project.
- To monitor costs during the design, development and construction stages and take action to keep costs under control.
- To ensure that fully detailed tender documentation are prepared to minimise risks to the Employer from variations and contractual claims.
- To ensure tenders are obtained under the optimum conditions of competition.
- The use of a Quantity Surveyor provides contractors the assurance that cost management will be carried out in an equitable manner allowing contractors to be more competitive.
The services provided by GES Solutions fall under the following headings all of which are encompassed under the umbrella of quantity surveying.
Cost Control & Change Management
Cost control is an ongoing process from project inception to completion and forms an integral part of the design and construction process which is traditionally led by the Quantity Surveyor. Once the budget is formally approved that is the benchmark against which the forecast costs are measured.
Our reporting issued on a monthly basis during construction provides information for the Client and Project Manager under the following headings:
- Executive Summary
- Procurement status.
- Budget Report that reports forecast final cost against the approved budget.
- Financial Status for each works package.
- Contract Status providing contractual information for each package.
The budget element of the report tracks the forecast final cost for the project against the approved budget and considers awarded works packages, agreed variations, variations to be agreed, forecast changes and contractual claims for prolongation etc.
A crucial element of the Construction phase services provided by GES is Change Management in dealing with the financial elements of design changes and other variations that traditionally happen on construction projects. These changes may be the result of requested general changes from the Client, additions & omissions to the scope of works, design coordination problems, expanded design detailing etc.
The Quantity Surveyor may provide indicative costings to the Client for proposed design changes with pricing options when required. They also carry out a detailed review of submissions from the Contractor for the cost of claimed design changes with reference to the contractual requirements for evaluation of variations. The summation of all the changes being captured in financial reporting keeping the stakeholders informed of the anticipated total construction cost for the project.