Quantity Surveyor For Oil And Gas Industry

 

Description:

Quantity Surveyor is responsible for managing the financial aspects of construction projects,

ensuring that projects are completed within compliance with contractual agreements. Key duties

and responsibilities of a Quantity Surveyor is mentioned below.

 

Cost Estimation:

Prepare accurate cost estimates for construction projects, considering factors

such as materials, labor, equipment, overhead, and contingencies. This involves analyzing

project plans and specifications.

 

Budget Development:

Develop and establish project budgets based on cost estimates.

Allocate funds to various project components and phases and ensure that budgets align with

client requirements.

 

Procurement:

Assist in the procurement process by identifying suppliers, subcontractors, and

vendors, and obtaining competitive bids. Evaluate and negotiate contracts with these entities to

secure favorable terms and conditions.

 

Contract Administration:

Manage contracts, including reviewing and interpreting contract

documents, tracking changes and variations, and ensuring that all parties adhere to contractual

obligations.

 

Cost Control:

Continuously monitor project costs, track expenses, commitments, and

variations, and report on budget performance. Identify and address any cost overruns or

potential issues.

 

Value Engineering:

Explore options to reduce project costs without compromising quality or

functionality. Recommend value engineering solutions to optimize project expenses.

 

Risk Management:

Identify and assess potential risks that could affect the project's cost and

schedule. Develop strategies to mitigate these risks and ensure project success.

 

Measurement and Bill of Quantities (BOQ):

Prepare detailed BOQs and measurement

documents to quantify the materials and labor required for various project tasks. These

documents are essential for tendering and cost control.