12 Oct
|
RANK INDIA
|
Chennai
12 Oct
RANK INDIA
Chennai
A Quantity Surveyor (QS) manages all financial and contractual aspects of a construction project to ensure it is delivered within budget, on time, and to required quality standards. They are often described as the "financial managers" or "cost consultants" of the construction industry. [1, 2, 3, 4]Their core responsibilities span three main phases of a project:1. Pre-Construction (Planning & Procurement)
- Cost Estimating & Planning: Calculate the exact quantities of materials, labor, and equipment needed from architectural drawings.
- Bill of Quantities (BoQ): Prepare detailed BoQ documents that list every item and cost required to build the structure.
- Feasibility Studies: Assess whether a proposed project makes financial sense before breaking ground.
- Tendering & Bidding: Help draft contract documents, invite contractor bids, analyze incoming quotes, and negotiate agreements.
- Value Engineering: Find ways to save money or optimize design without sacrificing structural integrity or quality. [1, 2, 3, 4]
1. During Construction (Execution & Control)
- Cost Monitoring: Track ongoing spending against the original budget to prevent cost overruns.
- Valuations & Interim Payments: Visit the site to assess how much work has been completed and approve stage payments for contractors and sub-contractors.
- Managing Variations: Handle the cost implications of design changes, unexpected site conditions, or scope adjustments (change orders).
- Risk & Cash Flow Management: Forecast future expenditures and ensure the project maintains healthy cash flow. [1, 2, 3, 4, 5, 6]
1. Post-Construction (Closeout)
- Final Accounts: Settle all remaining financial accounts, reconcile actual costs against estimates, and close out contracts.
- Dispute Resolution: Help resolve commercial or contractual disagreements between clients, main contractors, and sub-contractors.
- Post-Occupancy & Tax Reporting: Compile documentation for tax deductions, asset depreciation, or future maintenance budgeting. [1, 2, 3]
Educational Qualification: Diploma in Civil Engineering Experience: 5 years experience in EPC Industry
Pay: From ₹50,000.00 per day
Work Location: In person
📌 Senior QS (Chennai)
🏢 RANK INDIA
📍 Chennai