Refentse Gaetsewe CCM(SACPMP)

Estimator vs Quantity Surveyor An Estimator and a Quantity Surveyor (QS) are both involved in the financial aspects of construction projects, but they have distinct roles and responsibilities: Estimator: Primary Focus: Focuses on calculating the anticipated cost of a construction project before it starts. Responsibilities: 1. Prepares cost estimates during the tender or bidding phase of a project. 2. Analyzes drawings, specifications, and other project documents to determine material and labor costs. 3. May provide budget forecasts for future projects. 4. Works with suppliers and contractors to get accurate price quotes. 5. Plays a key role in winning projects by submitting competitive bids. Stage of Involvement: Primarily involved in the pre-construction phase, before the project begins. Quantity Surveyor (QS): Primary Focus: Manages and controls costs throughout the project lifecycle. Responsibilities: 1. Prepares bills of quantities (BOQ), which detail all materials, labor, and services required for the project. 2. Monitors ongoing costs during construction, ensuring the project stays within budget. 3. Conducts valuation of works done by contractors and approves payments. 4. Manages contractual issues, such as claims for additional work or extensions of time. 5. Performs a final account settlement after project completion. Stage of Involvement: Involved before, during, and after the construction phase, ensuring cost management throughout. Key Differences: 1. Estimator is mainly concerned with providing a cost estimate before the project begins, whereas the Quantity Surveyor manages costs throughout the project. 2. Estimators are more involved in winning bids and setting initial budgets, while Quantity Surveyors focus on monitoring and controlling actual costs during execution.

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Project controls techniques helps managers monitor project progress, manage changes, and ensure completion within scope, time, and budget. https://ssgkhulisa.co.za/ #ssgkhulisa #projectcontrols #projectmanagement #projectmanager #construction #pmp #constructionmanagement #engineering #mining #energy

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Did you know that Quantity Surveying is a profession that deals with cost engineering and contract engineering across multiple industries? Whether it’s construction, infrastructure, or other sectors, Quantity Surveyors play a crucial role in managing project costs and contracts. Join Dr Wilfred M. Matipa, Associate Professor of BSc (Hons) Quantity Surveying, to learn more about this essential profession. Learn more here: https://lnkd.in/dU9aEA7s #QuantitySurveying

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Title: Effective Cost Planning and Budget Advice in Quantity Surveying Cost planning and budget advice are crucial components of quantity surveying, ensuring the successful execution of construction projects within financial constraints. From initial feasibility studies to project completion, meticulous attention to cost planning and budgeting is essential to mitigate risks and optimize resource allocation. Here are key strategies and considerations: 1. **Comprehensive Feasibility Studies**: Conducting thorough feasibility studies at the project outset is paramount. This involves analyzing various factors such as site conditions, regulatory requirements, scope of work, and client objectives. By assessing these variables early on, quantity surveyors can provide accurate cost estimates and identify potential cost-saving opportunities. 2. **Detailed Cost Estimation**: Utilizing historical data, industry benchmarks, and current market rates, quantity surveyors meticulously estimate the costs associated with labor, materials, equipment, and overheads. Leveraging advanced cost estimation software and techniques enables them to generate precise forecasts, helping clients make informed decisions. 3. **Risk Management**: Identifying and mitigating potential risks is integral to effective cost planning. Quantity surveyors analyze project risks such as supply chain disruptions, labor shortages, and regulatory changes, developing contingency plans to minimize cost overruns and delays. This proactive approach ensures projects stay on track financially. 4. **Value Engineering**: Value engineering involves optimizing project performance while minimizing costs. Quantity surveyors collaborate with project stakeholders to evaluate alternative design solutions, materials, and construction methods that offer the best value proposition. By prioritizing functionality and efficiency, value engineering enhances project outcomes without compromising quality. 5. **Regular Cost Monitoring and Control**: Throughout the project lifecycle, quantity surveyors monitor expenditure against the budget, identifying deviations and implementing corrective measures as needed. 6. **Transparent Communication**: Effective communication is essential in providing budget advice to clients and project teams. Quantity surveyors communicate cost-related information clearly and transparently, keeping stakeholders informed about budgetary constraints, potential risks, and cost-saving opportunities. This fosters trust and collaboration, facilitating consensus on key decisions. 7. **Continuous Improvement**: In a dynamic construction environment, quantity surveyors continually refine their cost planning methodologies and adapt to evolving industry trends. #quantitysurveyor #construction #quantitysurveying #civilengineer #quantitysurveyors #engineer #projectmanagement #civilengineering #engineering #architecture #ukconstruction

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🎓 Courses and Tutors: What is Taught and by Whom? The Diploma in Collaboration in Construction is taught by experienced industry professionals and academics with a wealth of practical knowledge and expertise in construction management, collaboration strategies, and project delivery. Courses cover: 💠 Collaboration Theory and Practice: Understanding the principles and practices that underpin successful teamwork in construction projects. 💠 Communication and Leadership: Enhancing verbal and written communication, and developing leadership skills for managing collaborative teams. 💠 Conflict Resolution: Approaches to managing disputes and maintaining positive working relationships. 💠 Innovative Collaboration: Using new technologies and methodologies (e.g. BIM, Lean Construction) to improve collaboration. 💠 Project Management Fundamentals: Understanding how to integrate collaboration with traditional project management techniques. Each tutor brings a real-world perspective to the classroom, ensuring that delegates gain practical, actionable knowledge. 🎓Noel Street, Lisa Reynolds, Marc Preite, David Emery, Richard Cymler, Richard O'Connor and Louise Lado-Byrnes 👉Enrol now by emailing us at [email protected] The University of Wales Trinity Saint David (UWTSD), in partnership with Constructing Excellence Midlands #CollaborationInConstruction #ConstructionIndustry #InnovationInConstruction #LeadershipDevelopment #ConstructionCareers #DiplomaInCollaboration #ConstructionTraining

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Cost control is at the heart of every successful construction project. The foundation of cost control is having a solid budget based on accurate estimates. This involves breaking down the project into detailed cost elements – from labour and materials to equipment and overheads. Quantity Surveyors develop cost plans that are both realistic and aligned with the client’s objectives, using historical data, benchmarking, and industry standards to set a baseline. Once the project begins, the next step is continuous cost monitoring. This involves tracking actual costs against the budget through regular cost reporting. These reports provide a clear picture of whether the project is on budget, highlighting any variances and identifying where adjustments are needed. One powerful cost control technique is Cost-Value Reconciliation (CVR). This method involves comparing the value of the work completed (based on progress) to the costs incurred. If the costs are running ahead of the value, it indicates that the project is over-budget and requires intervention. CVR provides a real-time snapshot of financial health and helps identify inefficiencies, such as overstaffing or material wastage. Cash flow management is another critical aspect of cost control. Cash flow forecasts are prepared at the start of the project and updated regularly to reflect changes. Managing variations and change orders is a common challenge in construction projects. Quantity Surveyors ensure that every variation is assessed, costed, and approved before it’s implemented. This includes advising clients on the financial impact of changes and negotiating with contractors to agree on fair rates for additional work. Another effective cost control method is Earned Value Management (EVM), which combines cost, schedule, and performance data to provide a comprehensive view of project progress. EVM calculates metrics like Cost Performance Index (CPI) and Schedule Performance Index (SPI), offering early warnings if the project is slipping off track. The use of digital tools also enhances cost control. Tools like CostX, CATO, and Procore integrate cost management with other project functions, providing a holistic view of the project’s financial status. Communication is a key component of effective cost control. Regular meetings with the project team, including clients, contractors, and consultants, ensure that everyone is aware of the project’s financial status and any potential risks. Quantity Surveyors play a crucial role in these meetings by presenting clear, accurate financial data and offering recommendations based on their analysis. In addition to formal meetings, ongoing communication with stakeholders is essential for addressing any changes or unexpected developments that could impact costs. Quantity Surveyors should ensure that cost information is shared openly with all relevant parties, providing a clear understanding of where the project stands financially.

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Our approach to project planning and scheduling involves developing a detailed plan, setting realistic timelines, and delivering on our promises. https://ssgkhulisa.co.za/ #ssgkhulisa #projectcontrols #projectmanagement #projectmanager #construction #pmp #planning #schediuling #mining #energy

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Quantity Surveying FAQ What does a quantity surveyor do? A quantity surveyor is responsible for the financial performance of a construction project. They: ·      Prepare estimates (or budgets) of the construction cost. ·      Monitor, report, analyse and advise on costs. ·      Identify potential cost savings that don’t compromise quality or time. ·      Advise on life cycle costs. ·      Manage and advise on the procurement and tendering of building contractors. ·      Administering construction contracts and advise their client on compliance. When should I consider appointing a quantity surveyor? Ideally, as early as possible. Quantity surveyors can provide very early cost advice as the design is being conceived. As the design develops, the quantity surveyor can influence the process to ensure that costs are kept under control. What projects would justify using a quantity surveyor? Quantity surveyors can be involved on any scheme, large or small. Why should I use a quantity surveyor? Many clients ask this question before our involvement and know the answer once the project has concluded. It’s because quantity surveyors are essential at controlling costs and eliminating wasteful and unnecessary expenditures. A QS will also handle contractual matters which can be complicated, time consuming and, unfortunately sometimes, adversarial. Who appointments/ employs quantity surveyors? Anyone involved in construction can appoint or employ a QS. Examples of our clients are homeowners, businesses, property developers, main contractors and trade specific subcontractors. What makes a good quantity surveyor? The best quantity surveyors have the appropriate qualifications and experience to do the job. Ideally, a quantity surveyor should have a degree for the profession that is accredited by industry leading professional institutions such as the RICS or CIOB. Many good surveyors have a broad range of experience such as working throughout the supply chain, different property sectors, sizes and complexities. Many of the best quantity surveyors aspire to become chartered by the RICS. A globally recognised institution that aims to promote the highest standards and practices as well as professionalism and integrity. Becoming a chartered surveyor is a demanding task but proves to all that they are committed to the industry, professional excellence and has good ethics. How much does a quantity surveyor cost? It depends, quantity surveyors will charge less on simple projects but more on complex or prestigious developments. The best way to find out is to contact a practice. A firm can meet with you to establish your requirements and can prepare a fee proposal which is an estimate on how much their services will be. For more information, visit our website: 👇 https://ianfogarty.com/ #quantitysurveyor #construction #RICS #QS #quantitysurveyors #partywallsurveyor #contractadministrator #procurement #costplanning #jct #variations #quantitysurveyingFAQ

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As we enter this new week, it's essential to reflect on the importance of meticulous planning and execution in our projects. One critical aspect that ensures our projects remain on track financially and progress-wise is interim valuation. Why Interim Valuation Matters Interim valuation is a key financial management tool used in construction projects. It helps assess the value of work completed at various project stages, ensuring that contractors and subcontractors are paid accurately and timely. This process maintains cash flow and helps identify any discrepancies early, ensuring that the project remains within budget and on schedule. Role of a Quantity Surveyor (QS) in Preparing Interim Valuations A Quantity Surveyor plays a pivotal role in the preparation of interim valuations. Here’s how a QS can expertly handle this task: 1. Measurement and Valuation: Accurately measuring and valuing the work completed. 2. Verification of Work Done: Ensuring the work claimed has been executed per the contract. 3. Cost Management: Monitoring and comparing project costs with the budget. 4. Documentation: Preparing detailed reports and documentation for interim payments. 5. Stakeholder Communication: Liaising with clients, contractors, and other stakeholders to ensure transparency and clarity. We at ADLM have prepared an informative video to help you better understand and execute interim valuations. This video will guide you through the step-by-step process of preparing interim valuations, ensuring accuracy and efficiency in your projects. Check out this video on how to prepare interim valuations: https://lnkd.in/dt4VP9HH Let’s make this week productive and successful by focusing on excellence in every task we undertake. Keep learning, and keep growing! #Construction #QuantitySurveyor #InterimValuation #ProjectManagement #BIM #ADLM #ConstructionManagement #WeeklyMotivation

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A successful career in Quantity Surveying isn’t just about technical skills—it’s also about continuous learning, professional development, and the guidance of mentors. Mentorship plays a crucial role in helping Quantity Surveyors navigate their careers, develop new skills, and achieve their professional goals. Mentorship is a powerful tool for career growth, offering both new and experienced Quantity Surveyors the opportunity to learn from one another. For those just starting out in the field, a mentor can provide valuable insights into the industry, offer guidance on navigating challenges, and help build confidence in their abilities. One of the key benefits of mentorship is the ability to receive personalized advice and feedback. This might include advice on pursuing specific certifications, such as RICS accreditation, or recommendations for continuing education opportunities that align with your interests and career objectives. Mentors can also provide constructive feedback on your work, helping you to identify areas for improvement and build on your strengths. Networking is another important aspect of career development in Quantity Surveying, and mentors can play a key role in helping you expand your professional network. By introducing you to industry contacts, inviting you to events, and providing opportunities to collaborate on projects, a mentor can help you build relationships that may lead to new career opportunities. Career development in Quantity Surveying also involves setting and achieving professional goals. A mentor can help you define your goals, whether it’s advancing to a leadership position, specializing in a particular area of Quantity Surveying, or starting your own consultancy. Regular check-ins with your mentor can help keep you on track and motivated as you work toward your objectives. In addition to one-on-one mentorship, Quantity Surveyors can benefit from participating in professional organizations, such as the Royal Institution of Chartered Surveyors (RICS) or the Chartered Institute of Building (CIOB). Engaging with these organizations can help you stay up-to-date with industry standards, gain recognition for your expertise, and connect with other professionals in the field. Continuing education is another essential component of career development in Quantity Surveying. The industry is constantly evolving, with new technologies, regulations, and best practices emerging all the time. Finally, mentorship is a two-way street, and as you progress in your career, you may find yourself in a position to mentor others. Serving as a mentor allows you to give back to the profession, share your knowledge and experience, and help shape the next generation of Quantity Surveyors. In summary, mentorship and career development are essential for achieving long-term success in Quantity Surveying.

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Accurate Budgeting from the Design Stage 🪙 Quantity Surveyors provide preliminary budget estimates during the design stage, ensuring your project has a reliable financial framework from the outset. This early financial clarity supports smooth project execution and effective cost control throughout construction. Start your project with confidence - bit.ly/SEEOKK_ #SEEOKK #QuantitySurveyorCyprus #PreliminaryBudgetEstimate #DesignStageBudgeting #ConstructionBudget

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It's time to recognize the value of Quantity Surveying Profession. Quantity Surveyors are the unsung heroes of successful construction projects. We're not just about Measurement Takeoff; we wear many hats. We're a blend of Consultant, Contractor, Economist, Accountant, Lawyer, Engineer, Financial Expert, and more. Next time you meet a Quantity Surveyor, remember the diverse skills we bring to the table. Let's give some well-deserved respect to this profession! 👷‍♂️🏡 If you resonate with this, please share it with your fellow construction professionals. Together, we can highlight the value we bring!

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🔍 Attention Quantity Surveyors! 🚧 Are you making these common estimating mistakes? 🤔 In this video, we delve into 6 common estimating mistakes made by Quantity Surveyors. #QuantitySurveying #Construction #Estimating

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