Quantity Surveyors provide specialised cost control, procurement and management advice through the lifecycle of a project to maximise profitability to benefit the stakeholders of a project. With extensive knowledge of the market and construction industry, experienced cost managers provide value management through monitoring of the costs and risks involved.
Steps in the Cost Control Process
The process will start with a development budget study to identify the total costs and returns expected of the project. After this, a cost plan will be prepared, including all construction costs and other project costs. These expenses will also be included in the development budget. The cost plan defines how much will be spent on each element of the project, at each stage.
