Updated: Feb 16, 2022
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