Five interesting facts about being a Quantity Surveyor
Quantity Surveyors manage any costs associated with the
project while safeguarding the position of the client in any cost-related
discussions. The professionals are responsible for keeping the design team
informed regarding budget, being able to identify risks in the future, along
with challenging buildability and value engineering issues when required.
Quantity Surveyors or Cost Managers must have all the
necessary knowledge and technical skills to support the client. In-depth
knowledge of contract law and solid benchmarking of evidence is essential too.
You should be ahead of the game and anticipate any potential issues to avoid
any crisis in the construction projects.
It is to be kept in mind that cost management is not
one-dimensional: cost versus budget is significant, but so is cash flow plus
risk management. Soft skills are a must along with technical skills. The best
quantity surveyors are not just technically sound, but they are good leaders
who can challenge the design teams constructively. Cost managers must also be
good communicators, and report clearly and accurately, to the clients.
In short, a quantity surveyor is responsible for much of the
preparation work in a construction project even before the commencement of the
actual project. Many of the responsibilities include measurement of the entire
site for production, budget creation and team management for the successful
completion of the project on time. A quantity surveyor takes on the role of a
manager for employees, but he also manages the budget, equipment, and the
progression of the project.
Nonetheless, let’s talk about the interesting facts related
to quantity surveyors:
1. Passionate
about Numbers
If you aspire to be a quantity surveyor, then you must have
a knack for numbers. A quantity surveyor is responsible to manage all costs and
contractual dealings of construction projects. He/she should ensure that the
project is executed within the estimated budget.
2. They
Include Everything Possible
People often do not have an in-depth knowledge of all the
things that can be added to a depreciation schedule, but this is not the case
when you talk about experts. Professionals conduct a detailed property
inspection and take all the essential pictures capturing the assets present
inside and outside the house that can be put for depreciation.
3. Maintain
cordial relations with the Team
Quantity surveyors maintain a good working relationship with
the team members such as property professionals, accountants, etc. and they
work together to derive the best for the clients. Property managers can help by
inspecting the property to finalise an adequate schedule, and once it is
finalised, it is further sent to the accountant for scrutiny.
4. They
Follow the Rule Book
Quantity Surveyors abide by the rule book, be it the ATO or
the professional industry association, they keep themselves updated with the
latest happenings and amendments in the real estate, construction and
infrastructure sector.
5. They
Travel Across the World
This profession is globally recognized and is in demand in
the domestic and international markets. Command a healthy salary compared to
the cost of living in any country allowing graduates to maintain their
standards of living. This ability to travel ensures that there is always work
for these construction professionals irrespective of the cycle of the economy.
Quantity Surveyor Jobs in India
Indian real estate is developing at an exponential rate.
With the backing of two executive union budgets by the Indian government, it
indicates that the sector holds huge career opportunities for students entering
the sector today.
There is a huge potential change in the role of the quantity
surveyor. Much of the traditional work of the quantity surveyor will be
automated. It means that the computer will be managing the benchmarking,
complete cost plans, scenario testing and risk analysis.
While data and cost plans can be computer-generated, it will
still take a cost consultant to understand the interpretation method of figures
by providing an experienced oversight of the data. Quantity surveyors will need
to have the skills to take the data and apply it to each requirement, using
their expertise and in-depth knowledge of the construction industry.
So, there is no doubt that you have a plethora of
opportunities to explore careers in real estate.
Quantity Survey Course from the Best Institution
RICS SBE, Amity University is the first and only institution
to offer dual accredited (RICS & PMI-GAC) degrees. RICS is a symbol of
credibility and excellence. The stamp of RICS on your degree radiates true
professionalism and leadership qualities, commanding respect from the industry.
MBA in Construction Economics & Quantity Surveying from
RICS SBE prepares you to excel as a professional advisor on cost and commercial
matters by enriching your knowledge in the required domains.
After completing this specialized programme, you can work in
domestic and international commercial offices, residential, hotel, hospital,
institutional buildings, industrial buildings, roads, highways, bridges, and
infrastructure.
MBA in CEQS offers a lucrative career to QS in terms of
growth and earnings. Looking at industry 4.0, there are a plethora of
opportunities in the domestic and international construction markets that a QS
can avail.
After the course completion, you will acquire the requisite
competence to work in real estate development firms, construction companies and
contractors, consulting firms as well as financial institutions across all
essential stages of the project lifecycle.
RICS SBE provides students with a platform to focus on their
holistic development while garnering techno-managerial skills, in-depth
knowledge, hands-on in cutting edge technology, and more.
Moreover, an accredited degree helps Fastrack your journey
to MRICS- global chartered qualification. This qualification helps in working
on international projects and top leading organizations.
Add value to your qualification with RICS SBE.
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