Introduction to Quantity Surveying and Cost Estimation

Course overview

Quantity surveying is a profession in the construction industry that involves managing the costs and financial aspects of a construction project. A quantity surveyor, often referred to as a QS, plays a crucial role in ensuring that a construction project stays within budget and that all financial aspects are well-controlled. Their primary responsibilities include estimating the costs of materials, labour, equipment, and other resources needed for a project. They also prepare bills of quantities, which itemise the materials and labour required, and help in the procurement process.

Cost estimation, on the other hand, is a fundamental part of quantity surveying. It involves predicting the expenses associated with a construction project from inception to completion. Cost estimators use historical data, market rates, and other factors to provide accurate cost projections. These estimates are crucial for project planning, budgeting, and cost control throughout the construction process, ensuring that the project is financially viable and completed within the allocated budget.

Quantity surveying and cost estimation are integral to effective project management in the construction industry, helping to control costs and ensure project success.