The terms Cost Management, Cost Engineering, Cost Estimating and Quantity Surveying are typically used interchangeably.
While the above terms have some commonalities, however, they are not the same.
Here is a quick brief on Quantity Surveying:
1. What is Quantity Surveying?
It is a profession which is concerned with “Cost and Commercial Management” for Real Estate and Construction projects 🏗
2. What is the role of a Quantity Surveyor (QS)?
Simply put, a QS’ role is to:
a) Determine budgets for Real Estate and Construction projects; and 💵
b) Ensure that projects are planned, designed, procured, and delivered within budget ✅
3. What is a Quantity Surveyor (QS)?
A Quantity Surveyor is a Construction industry professional who is:
- Part Architect
- Part Engineer
- Part Contractor
- Part Lawyer
- Part Accountant
- Part Financial Analyst
- Part Business Analyst
- Part Economist
- Part Management Consultant
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