Quantity Surveyor

The majority of construction and engineering projects are massive in scope which require significant sums of funds. Naturally, a customer or contractor would like the best quality at the lowest cost and for this they employ people known as quantity surveyors. Quantity surveyors are, in essence the financial manager of an engineering project of a significant size. He is responsible for maximizing the value of the project to the client by achieving the most advantageous balance between quality and cost. They may also be referred to as commercial managers or construction/engineering cost consultants.

A quantity surveyor is involved in an undertaking from the beginning, working with clients and contractors throughout the contract process, and also engaging in cost analysis of the preliminary stage. Once this is completed and work commences, he/she maintains a close eye on the project and is always looking for ways to increase the value of the investment by preparing regular reports on profitability and staying informed of changes in contract's status. Any changes or possible changes are evaluated and reported to the client, then implemented when needed. In many instances the quantity surveyors assist in the purchase of materials and collaborate directly with (and occasionally employ) subcontractors who are needed. They can also offer advice and help with different tasks after the conclusion of the project, if any further modifications are required.

The job as a quantity surveyor usually requires a degree from a college with a focus on finance or engineering. While candidates are encouraged to seek accreditation from an official source but those who do not have an experience in surveying techniques aren't ineligible for the position as long as they possess the required education and experience.

As a Quantity Surveyor with 9+ years of experience in India, here are some main responsibilities:

• Preparing accurate cost estimates for construction projects and creating detailed budgets to ensure successful project implementation.
• Reviewing and evaluating tender documents, negotiating contracts with suppliers and subcontractors, and ensuring the best terms and prices for materials and services.
• Taking precise measurements and quantities of materials needed for construction projects, ensuring accurate material ordering and minimizing waste.
• Monitoring project costs, analyzing actual costs versus budgeted costs, implementing cost-saving measures, and providing accurate financial reports to ensure project profitability.

Major educational qualifications required for Quantity Surveyor are:

• Bachelor's degree in engineering, quantity surveying management, or a similar field.
• Experience in finance or construction estimation is a plus.
• A strong analytical and critical abilities.
• Solid understanding of construction.
• Excellent negotiation and interpersonal abilities.
• Ability to plan, organize, and think strategically.

The role of a Quantity Surveyor is crucial for successful construction projects in India. With over 9 years of experience in this field, professionals can explore various alternative roles. Here are four options to consider:

• Construction Project Manager: A position that involves overseeing the entire project, including budgeting, scheduling, and managing resources.
• Cost Estimator: A role focused on analyzing project requirements and estimating the costs involved, helping organizations make informed decisions.
• Contracts Manager: A position that involves negotiating and managing contracts with suppliers, subcontractors, and clients, ensuring compliance and minimizing risk.
• Construction Claims Consultant: A role that involves assessing and resolving construction disputes, providing expert advice on legal and contractual matters.

The quantity surveyor role in India is projected to witness substantial growth in the market. According to a 10-year analysis, the demand for quantity surveyors is predicted to increase steadily. The construction industry's expansion, infrastructure projects, and urbanization are major contributors to this growth. With government initiatives like Make in India and Smart Cities, more employment opportunities are expected to emerge. The rising need for cost-effective construction and efficient project management further adds to the demand for quantity surveyors. Overall, the job prospects for quantity surveyors in India appear promising, offering numerous employment possibilities in the future.