A quantity surveyor predominantly belongs to the construction industry. Apart from surveying quantities as the job title suggests, they manage all costs (mainly material & labour) and finances as efficiently as possible. It is a career that calls for a strong interest in the construction industry. Quantity surveyors need to be highly aware about the technical, financial & legal aspects related to the industry. With the construction industry growing every year, there is increased demand for more skilled and trained surveyors who can ensure that construction projects remain profitable and efficient. It is necessary to have quantity surveyors during any construction project in determining cost estimations, planning and accounting within budget parameters. They work in close contact with the client and also advise them in legal, environmental & financial matters. Once qualified and experienced in this field, quantity surveyors can look forward to a steady career graph as construction economists, cost engineers or commercial managers. Although the career has been traditionally male dominated, women are increasing joining this exciting, versatile and potentially well paying profession.The main responsibilities of a quantity surveyor on most projects are:
- Carry out feasibility study for cost & material estimates for a project
- Devise procurement strategy
- Prepare tenders, contracts and other legal documents
- Allocate work among contractors & subcontractors
- Perform risk control and cost control measures
- Site visits and update client on progress of project
- Writing reports and preparing schedules
- Resolve disputes that arise during the construction phase
- Maintain awareness related to health and safety regulations.
Salaries and Job Outlook*
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Quantity surveyors are indispensable to any construction project. Government and local bodies offer high security jobs as compared to private practices. They find employment in multiple areas such as housing & industrial sites, retail & commercial projects, roads & railways or consulting firms. On gaining significant experience, skilled quantity surveyors may choose to work in independent firms as partners or undertake consultancy work. Senior quantity surveyors enjoy playing a strategic role in value engineering and risk assessment.Qualified quantity surveyors can earn an average salary of INR 4.0 lacs p.a to 4.5 lacs p.a. Experience in this field has huge impact on the earning potential of these professionals.
Education and Training
It is most advisable to have a formal qualification to become a quantity surveyor. They are usually expected to have a degree or equivalent in subjects such as civil or structural engineering, construction, surveying or a background of commerce, finance or real estate. Other qualifications like CIOB (Chartered Institute of Building) can be undertaken as post graduation qualification for better employment prospects.Practical experience plays a crucial role in getting job opportunities from prospective employers. You can gain sufficient experience in private firms dealing with construction projects or while working with independent practitioners.
Valued Traits & Abilities
The career possibilities are abundant for trained and qualified quantity surveyors. They may opt to work in contracting, private, public, construction management, consultancy, accountancy, financial services or estate management firms. A lot of international firms also call for these skilled professionals. Local authorities and government firms offer secure and stable employment for quantity surveyors. On gaining good insights, experience and contact in this field, quantity surveyors can look for lucrative opportunities in freelancing or as independent consultants. Career progression is limitless considerable financial rewards for chartered quantity surveyors with. If you seek to impart trainings, you may also explore teaching opportunities in educational institutions promoting this field.Some of the career alternatives for quantity surveyors are:
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