QUANTITY SURVEYING
One of the most important questions with any construction project is how much it will cost?
This involves the expert advice of a qualified Quantity Surveyor and Cost Management Consultant.
As Chartered Quantity Surveyors, GEA provide professional and independent advice to our clients on all aspects of Construction Cost Consultancy.
Our team works with our clients to enable us to provide a full and comprehensive cost consultancy service that is fully integrated with the design and construction process from inception through to completion and beyond.
At GEA, we offer independent and impartial cost consultancy advice across various construction sectors. We work closely with our Clients to understand their core objectives and constraints, whilst proactively managing construction costs from the outset in order to mitigate financial risk to safeguard and deliver maximum return on their investments.
GEA can provide the following traditional Quantity Surveying Services.
- Feasibility and Option Studies
- Whole Life Costing
- Value Engineering
- Cost Plans
- Cost Models
- Budget Estimates and Feasibility Studies
- Risk Analysis
- Specifications
- Schedule of Works
- Cash flow Forecasts
- Activity Schedules
- Procurement and Contractual Procedures and Advice
- Schedule of Rates
- Bills of Quantities
- Maintenance Contracts
- Tender & Contract Preparation
- Tender Evaluations and Reporting
- Interim Valuations
- Cost Analysis
- Cash flow Forecasts
- Financial Control and Reports
- Agreement of Final Accounts
CONSTRUCTION COST MANAGEMENT
Construction cost management involves the analysis and estimation of total costs and may sometimes involve guaranteed prices for a contract. While some Clients prefer to do their own construction cost management, many larger projects will appoint an independent firm. GEA can assist with a cost analysis and ongoing cost management for the whole life of the project.
Though cost management assistance can be incorporated at any stage, some experts suggest that it is most important to hire a construction cost management consultant with a Quantity Surveying hat on during the design and conceptualization stage of a project. Many of the decisions that will involve cost are made during this period and having an accurate assessment of cost from the outset can help protect against unforeseen variables down the line. Construction cost management can help create a final design that is cost-efficient and meets the goals of the project while giving a fair estimate of total cost. Moving forward without a clear idea of goals and plans may lead to costs spiralling out of control.
Before a design reaches the tendering stage carried out by the Quantity Surveyor, Construction Cost Management can give a good idea of the likely value of a Project. Analysing similar projects can help create benchmarks for contracting, materials, and labour costs. Once the tender process begins, GEA as construction cost management specialists will provide analyse of each bid to determine which one provides the best value for the estimated cost, as well as examining areas such as the contractor’s reputation and resources. Breaking down each bid and comparing it to industry benchmarks can help make sense out of a relatively meaningless general estimate.
At GEA we establish our client’s needs from the outset and then focus on understanding what they require from the design process and the construction supply chain. We advise on the cost implications of our client’s requirements, based on our extensive experience and specialist knowledge across all market sectors and building types.
SERVICES INCLUDE:
- Cost Planning
- Cost Management of Building Contracts
- Total Project Cost advice including non-project costs
- Benchmarking
- Cost Modelling, Option Studies
- Procurement Advice
- Life Cycle Costings
- Value and Risk Management
- Cost Monitoring during Construction Phase
- Financial Reporting
- Agreement of Final Costs
