Responsible for calculating, estimating, managing and refining all monetary costs and expenditures associated with a construction project.
Reading and Analysis:
- Interpret design drawings and comprehend construction processes.
- Review contract documents thoroughly to understand project requirements.
- Correlate specifications to ensure alignment with project objectives.
- Assess the cost implications of changes to the project scope.
Cost Management:
- Advise on cost limits and budgets for the project.
- Maintain comprehensive registers of financial approvals, payments, variations, and change orders.
- Produce regular reports and promptly alert management of any forecasted cost overruns or underruns, providing recommendations for corrective action.
- Perform various cost engineering functions including cost control, budget preparation, cash flow projection, forecasting, and cost reporting under limited supervision.
Procurement and Risk Management:
- Review all purchase orders to assess committed costs.
- Collaborate with construction personnel, clients, and contractors to review proposed cost changes.
- Monitor market changes and site conditions that may affect project costs.
- Advise on procurement strategies to optimize project expenditures.
- Conduct cost planning and management throughout the project lifecycle.
Commercial Analysis:
- Identify, analyze, and develop responses to commercial risks associated with the project.
- Conduct cost analysis for repair and maintenance project work.
Documentation and Reporting:
- Perform risk, value management, and cost control activities.
- Stay updated on different building contracts in current use.
- Analyze tenders and prepare comprehensive tender reports.
- Provide summarized and detailed reports on project activities.
Collaboration and Coordination:
- Understand and comply with Health and Safety regulations.
- Liaise with other Quantity Surveyors (SQSs) and Assistant Quantity Surveyors (AQSs) to collect, review, and compile data for cost estimation.
- Review and measure works executed on-site, including variations and cost estimates.
- Collaborate with Contractor’s/Subcontractors’ Quantity Surveyors to agree on various measurements.
- Prepare internal progress claims on a monthly basis, even in the absence of submissions from Contractors/Subcontractors.
- Evaluate the value of works executed on-site on a monthly basis.
Cost Estimation and Advisory:
- Review and provide advice on cost estimates related to both design and construction works.
- Evaluate and advise on estimates of alternative designs or materials, preliminary budgets, and potential cost-saving measures.
- Assess and advise on cost implications introduced by third-party demands.
Variations and Payments:
- Draft variations to be implemented by the Contractor/Subcontractors, either through direct instruction or by requesting proposals for varying works.
- Review and provide valuation/recommendation to the Client for Payment Applications submitted by the Contractor/Subcontractors, issuing Interim Payment Certificates reflecting the amount deemed due with all necessary details.
- Verify price statements submitted by the Contractor/Subcontractors for day work, adjusting as required based on substantiation provided.
Value Engineering and Quality Assurance:
- Evaluate and advise on any Value Engineering proposals presented by the Contractor/Subcontractors during the construction phase of the project.
- Ensure adherence to deadlines and quality standards, considering the broader impact beyond individual responsibilities.
- Focus on completing a set of related tasks for a particular section or service while remaining adaptable to accommodate new tasks as necessary.
