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QUANTITY SURVEYING
PRACTICE
Lecture by
Upul S. Ranaweera
PG Cert. in Arb., BSc. (Hons) QS, Dip. in Eng., IEng., MIIES, MAIQS, MRICS
5. Preparation/Compilation of Tender/Contract
documents/ Tender (Bid) Documents
Tender(Bid) Documents
* Form of Tender( Bid) with Appendix
* Form of Agreement (Agreement)
* Information and Instructions to Tenderers
* Particular Conditions (Part 2)(Contract Data)
* General Conditions of Contract (part 1)
CONTD..
* Particular Specifications
* General Specifications
* Drawings
* Bill of Quantities/Schedule of rates
* Specimen Standard Forms (Bonds &
Guarantees)
1. Investment Appraisal
One of the key areas of long-term decisionmaking that firms must tackle is that of
investment - the need to commit funds by
purchasing land, buildings, machinery and so
on, in anticipation of being able to earn an
income greater than the funds committed. In
order to handle these decisions, firms have to
make an assessment of the size of the outflows
and inflows of funds, the lifespan of the
investment, the degree of risk attached and the
cost of obtaining funds.
4. Value Engineering
Value Engineering can be defined as an
organized approach to providing the
necessary functions at the lowest cost
From the beginning the concept of value
engineering was seen to be cost validation
exercise, which did not affect the quality of
the product. The straight omission of an
enhancement or finish would not be
considered as value engineering.
Refer module COST STUDIES
5. Risk analysis
No construction project is risk free. Risk can be
managed, minimized, shared, transferred or
accepted. It cannot be ignored Sir Micheal
Lathem
The Quantity Surveyor should advice on risk in
construction and take steps to manage the risk
at minimum cost.
Refer Module on Production Organisation
6. Insolvency services
The construction industry is responsible for
more than its fair share of bankruptcies and
liquidations. Limited liability companies
become insolvent and then go into
liquidation. The Quantity Surveyors expert
knowledge in cost, he will help to perform the
insolvency services.
9. Technical auditing
Compare the final account with contract bills
Examine the records available
Discuss aspects with relevant staff
Examine the procedure used
Prepare a report on the findings