What is a key responsibility of a quantity surveyor in construction?

A quantity surveyor plays a crucial role in the construction industry, primarily focused on managing project costs and finances. This responsibility encompasses a variety of tasks, including preparing cost estimates, conducting feasibility studies, and managing budgets throughout the construction process. By ensuring that financial resources are effectively managed, quantity surveyors help keep projects within budget and maximize profitability.

Their expertise in contract law and procurement enables them to negotiate competitive tenders and monitor the financial performance of the project. This focus on cost management is essential for ensuring that resources are allocated effectively and that the financial aspects of a project do not compromise its quality or timelines. Thus, the key responsibility of a quantity surveyor to manage project costs and finances integrates financial oversight with strategic planning, making it vital to the success of construction projects.