Amazines Free Article Archive - Saturday, June 15, 2024
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133573)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73857)
 Automotive (145712)
 Blogs (75615)
 Boating (9851)
 Books (17223)
 Buddhism (4130)
 Business (1330690)
 Business News (426453)
 Business Opportunities (366518)
 Camping (10973)
 Career (72796)
 Christianity (15848)
 Collecting (11638)
 Communication (115089)
 Computers (241955)
 Construction (38962)
 Consumer (49953)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20321)
 Dating (45907)
 EBooks (19703)
 E-Commerce (48258)
 Education (185526)
 Electronics (83524)
 Email (6438)
 Entertainment (159857)
 Environment (28976)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111009)
 Fashion & Cosmetics (196610)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310616)
 Fitness (106469)
 Food & Beverages (63046)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630145)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91679)
 Home Improvement (251219)
 Home Repair (46246)
 Humor (4724)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29616)
 International Property (3488)
 Internet (191032)
 Internet Marketing (146687)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80507)
 Link Popularity (4596)
 Manufacturing (20914)
 Marketing (99320)
 MLM (14140)
 Motivation (18233)
 Music (27000)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129734)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12689)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126730)
 Recreation & Leisure (95495)
 Relationships (87674)
 Research (16182)
 Sales (80351)
 Science & Technology (110295)
 Search Engines (23514)
 Self Improvement (153300)
 Seniors (6221)
 Sexuality (36011)
 Small Business (49312)
 Software (83040)
 Spiritual (23517)
 Sports (116155)
 Tax (7663)
 Telecommuting (34070)
 Travel & Tourism (308307)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11791)
 Website Design (56925)
 Website Promotion (36664)
 World News (1000+)
 Writing (35843)
Author Spotlight

Connect with Ask Assignment Help for urgent assignment help, online exam help, a href="https://www....more

Training to succeed at internet marketing and other online businesses. ...more

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more

I'm a full-time Writer, dreamer and chief executive manager. I write to release my true stories in t...more

The Word of God is as, “Sweet as Honey”. God has Taken Me Through a Whole Lot of Things...more

Quantity Surveying through Experts Can Help in Project Risk Mitigation by Adair Sawyer

Article Author Biography
Quantity Surveying through Experts Can Help in Project Risk Mitigation by
Article Posted: 11/14/2013
Article Views: 106
Articles Written: 1032
Word Count: 549
Article Votes: 0
AddThis Social Bookmark Button

Quantity Surveying through Experts Can Help in Project Risk Mitigation

Finance & Investment

A quantity surveyor’s prime responsibility is to ensure the best value for investor’s money and impeccable outcome for any project he is working on. The surveyors mitigate foreseeable risks at different phases of project development. Quantity surveying is an integral approach towards construction project cost management. The surveyors are licensed and experienced professionals who work closely with their clients during the entire life-cycle of different construction projects. They provide various services to the construction project contractors and owners including detailed cost planning, procurement guidance, dispute resolution assistance, cost control etc. However, the biggest benefit of using a surveyor’s specialist service is that associated risks can be fully or partly mitigated. On the other hand, some surveyors also prepare tax depreciation schedules for their clients so that they can enjoy depreciation allowance.

Initial Stage Risk Mitigation: Detailed Feasibility Study and Cost Forecasting

Quantity reviewers, if appointed from the very beginning of a construction project, can estimate the costs involved and can help the contractor in setting a budget. They also study the feasibility of the construction projects undertaken and monitor the costs as the project progresses and/or as per the specific requirement of the clients. They also help their clients to in appointing subcontractors/suppliers/vendors on the basis of their expressions of interest.

During the initial stages of a project lifecycle, they mitigate and avert many risks that might spring up during later stages of the project because of wrong vendor/supplier selection. Surveyors check the financial records and credentials of the vendors individually and check whether they are compliant with the pertinent rules and regulations. The documentation part within the procurement process, especially preparing the Bills of Quantities, is efficiently handled by quantity surveying experts. Experienced surveyors are apt enough to detect incongruousness in quotations placed against tenders.

Risk Mitigation during Project Progress: Analysing/Resolving Progress Payments Issues

Quantity surveyors help the project managers in monitoring project progress payments effectively. Project progress payments may indicate several issues that might hinder the normal or expected pace of the project life-cycle. What issues these surveyors can find and sort out during this stage? These issues are:

Low claims: This indicates that a contractor is making slow progress and necessary steps need to be taken to put the contractor (individual or entity) back on track.

High claims: The contractor is stuck in some sort of financial predicament and is overcharging to gain control over the situation.

Final Stage Risk Mitigation: Final Costs Planning and Estimation

In the final phase of a construction project life cycle, a quantity surveying expert may come instrumental by making a full estimation of the final costs involved in the project and ensuring that cost agreements are duly done. Insolvencies, subcontractor grievances and many more blockading issues can be successfully managed and mitigated by the surveyors. They also ensure that retention money is released during the final phase of a project.

Experienced surveyors go beyond the demarcated job responsibility areas to mitigate the risks involved in a construction project in every possible manner. They give sustainability advices as well as provide their clients with tax depreciation schedules.

SJB is a reputed New South Wales based quantity surveying firm offering consultation services. Prepare tax depreciation schedules through us to get highest possible tax exemptions.

Related Articles - quantity surveying, tax depreciation schedules,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Stevert Mckenzie, Travel Enthusiast. ...more

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more

James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license