Quantity Surveying Services
The title of Quantity Surveyor is broken down into two parts. We survey the project documentation or project itself to quantify the necessary materials and labour to build it which is known as Cost Planning. With this main skillset, We as Quantity Surveyors can provide other services such as; Project Auditing and Specific Cost Planning Services. We are sometimes referred to as Building Cost Planners or Cost Engineers.
What does a Quantity Surveyor Do?
Project Auditing Services are services Quantity Surveyors primarily provide to the banks who intend to provide a construction loan for a Developer, Builder or Home Owner. The banks engage a Quantity Surveyor to specifically look after the bank’s interest and mitigate construction budget risks. This is performed throughout the project life cycle. Initially, the Quantity Surveyor will carry out their own detailed cost assessment of the project building cost and check it against the intended building cost put forward by the bank’s client. If the Quantity Surveyors costings are higher than the clients nominated budget amount. Then the bank will need to confirm that the client has the capacity to borrow the extra over amount to ensure the total loan is sufficient to carry out the construction in its entirety.
During the construction phase, the bank call on the Quantity Surveyor to assess every progress claim or variation put forward by their client. This is carried out by conducting a site inspection to confirm works to complete to date onsite or assess proposed variations. This will ensure that as per the Quantity Surveyors recommendation, that the bank pays the correct amount to the client to pay the builder/subcontractor based on works completed to date and/or that the proposed variation can be approved as it is justifiable. Or the variation is rejected because it is not warranted due to being already required in the original scope of work or the proposed variation amount is way over market rates and needs to be reigned in to current market conditions to be approved.
Quantity Surveyor – Initial Report
The Quantity Surveyor will provide an initial report to the bank performing due diligence by ensuring all necessary project documentation has been provided to carry out the project, obtaining builder licence details/insurances and do a check to confirm that they are current and that there is no suspensions or fines imposed on the builder which are major alarm bells.
Across Auckland and Wellington NZ
We help builders, architects, developers, & homeowners across residential and commercial with:
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Quantity Surveying Auckland
Planning a renovation, new home build, or development project? Are you looking at getting a construction loan and need a accurate costings for a bank report? We can help you.
Quantity Surveying Wellington
As expert quantity surveyors in the Wellington market, we provide valuable expert advice and reports to Builders, Developers & Home Owners on the costings of their proposed building project.
