What does QS mean in ACCOUNTING

A quantity survey is the process of determining how much material and labor are necessary for a particular construction project, as well as estimating the cost associated with each item. This process typically takes place before construction starts in order to determine the budget needed.

A quantity surveyor is responsible for analyzing drawings and specifications, measuring areas or volumes accurately using appropriate equipment, calculating costs and preparing estimates based on their findings. They also assist in awarding contracts, assessing claims, managing progress payments and ensuring compliance with health, safety and environmental requirements.

To become a qualified quantity surveyor you will need either an accredited degree or HND qualification in surveying or construction associated disciplines and relevant experience within the industry. Depending on your area of expertise you may also need specific accreditation by professional bodies such as Chartered Institute of Building (CIOB), Royal Institution of Chartered Surveyors (RICS) or Association of Project Management (APM).

The cost of hiring a quantity surveyor can vary greatly depending on your project requirements and location. Generally speaking however most firms charge an hourly rate ranging between £100-175 per hour plus expenses (if applicable). Alternatively some firms offer fixed fee packages at discounted rates which may be more suitable if your project has clearly defined scope and budget.

Yes, many modern day Quantity Surveyors utilise specialised software tools to predict outcomes more accurately before commencing work and during construction processes. Examples include building information modelling (BIM), 4D scheduling applications, dispute resolution software such as Oracle Primavera Contract Manager and Autodesk AutoCAD suite products which allow users to create visual representations using 2D/3D CAD designs.