What is an RICS Chartered Surveyor?
If you’re involved in the construction industry, you know that managing costs and budgets is crucial to the success of any project. That’s where working with an RICS Chartered Quantity Surveyor comes in. RICS is an abbreviation of The ‘Royal Institution of Chartered Surveyors’ which is a global professional body for those working in the […]
Design Monitoring Team
What is a Client Technical Monitoring Team & should you appoint one? The role of the Client Technical Monitoring Team is to review design submissions from the contractor to ensure that they are in accordance with the employer’s design requirements. They make suggestions to the client on potential savings that can be made and flag […]
Cost consideration for C2R
6 Key Cost Considerations when considering a Commercial To Residential Conversion which I hope you’ll find useful: 1. Asbestos Buying an existing commercial building, built in the 60s or 70s, often means that asbestos will be present within the building. Be aware that asbestos will need to be removed prior to any works taking […]
Contract Practise Uncovered
7 Reasons to have a contract in place: 1. Because they are drafted independently 2. There are recognised terms 3. The contract is there to protect BOTH parties and to balance risk 4. A contract provides a professional approach 5. It holds everybody accountable 6. To balance risk. There can be supplementary clauses that can […]
Build costs on £/sqft
Looking at build costs on a pound per square foot can be misleading Every project is unique and although there are market trends on build costs, there are site-specific factors that need to be considered when looking at Build Costs which can impact on the pound per square foot when benchmarked against other similar projects. […]
6 Key Cost Considerations when thinking of taking on a Commercial To Residential Conversion:
1. Asbestos Buying an existing commercial building, built in the 60s or 70s, often means that asbestos will be present within the building. Be aware that asbestos will need to be removed prior to any works taking place which can be costly depending on the level of contamination. 2. Overbuild carries different costs If you’re […]
Awarded Start-Up of the Year by EquaAcademy
We were honoured to have been awarded Start-Up of the Year by EquaAcademy at the beginning of this year for The QS Company. Jake attended the developers event at Brooklands, Surrey, at the start of this year, where he shared insights into the world of contractor selection for all those that attended. This year has […]
How to manage cost and minimise risks
Construction can contain hidden risks for the unwary, however if a project starts off with the right foundations in place during the pre-construction phase, you are more likely to have a successful project when the works actually commence. In this blog post we discuss 4 key commercial activities which we believe should be undertaken to […]
What is a Prime Cost Sum
What is a Prime Cost Sum (PC Sum)? A PC Sum is a budget which is typically set by the Quantity Surveyor which should be expended on the supply only costs for materials or goods. PC Sums are normally used when the precise quality or specification of those materials and goods are unknown at the […]
What you need to know about Provisional Sums
What is a Provisional Sum? When an item of work or construction activity is anticipated but cannot be properly described and quantified, a predetermined sum of money is set aside by the Quantity Surveyor to cover the cost of said construction activity. This is a Provisional Sum. A provisional sum will be identified as either […]
