Quantity Surveying (QS) is a crucial discipline within the construction and infrastructure industries, playing a pivotal role in managing costs, contracts, and financial aspects of a project. The scope of Quantity Surveying encompasses a wide range of tasks that contribute to the successful execution of construction projects.
This strategic expansion aims to address the increasingly complex and interconnected needs of our clients in Malaysia and beyond. It establishes VERITAS as a holistic solution for all professional design requirements associated with buildings. The QS services will be provided through a specialized division within VERITAS Contracts Sdn. Bhd.
Here’s a short write-up outlining the key areas of Quantity Surveying scope of works:
Cost Estimation and Budgeting
Our Quantity Surveyors are responsible for accurately estimating the costs associated with construction projects. This involves analyzing project specifications, understanding design plans, and considering various factors such as materials, labor, and overheads. They then develop comprehensive budgets that guide project stakeholders throughout the construction process.
Tendering and Procurement
Our Quantity Surveyors assist in the tendering process by preparing and evaluating tender documents. They work on defining contract terms and conditions, ensuring that procurement processes are fair and transparent. This involves liaising with contractors, suppliers, and subcontractors to obtain competitive bids.
Contract Administration
Our QS professionals play a crucial role in contract administration, ensuring that all parties adhere to the terms and conditions outlined in the contract. They assist in drafting contracts, managing variations, and handling claims. Quantity Surveyors act as a bridge between the client and the contractors, helping to maintain a smooth workflow.
Cost Control and Monitoring
Throughout the project lifecycle, our Quantity Surveyors monitor costs and expenditures, comparing them against the established budget. They identify cost variances, analyze the reasons behind them, and recommend corrective actions to keep the project financially on track. This proactive approach helps in preventing cost overruns.
Risk Management
Our Quantity Surveyors assess and manage risks related to costs and contracts. They identify potential risks that may impact the project financially and work on implementing strategies to mitigate these risks. This involves a thorough understanding of market conditions, regulations, and project-specific factors.
Valuation of Work Done
Our QS professionals regularly assess and value the work completed on-site. They use various methods to determine the value of work done by contractors and subcontractors, facilitating accurate and fair payments. This process is crucial for maintaining good relationships between all project stakeholders.
Final Account Settlement
Towards the conclusion of a project, our Quantity Surveyors are involved in the settlement of the final account. This includes the resolution of any outstanding issues, claims, and variations. They ensure that all parties are satisfied with the financial aspects of the project before its completion.
In summary, Quantity Surveying is a multifaceted discipline that goes beyond mere cost estimation. It involves meticulous planning, effective contract administration, and continuous financial monitoring to ensure that construction projects are completed successfully, within budget, and to the satisfaction of all stakeholders.
