PROFESSIONAL SERVICES

The services provided by the Professional Quantity Surveyor can be categorised under the following :

• Basic Services

• Supplementary Services

The scope of basic service is outlined as follows :

1. Preparation of preliminary cost estimates and cost plans of the development project.
2. Advise on cost estimates in relation to design development of a project.
3. Advise on procurement, tendering and contractual procedures and arrangement.
4. Preparation of the Bill of Quantities or Specification document for tendering purposes.
5. Organise the calling of tenders.
6. Evaluation of tenders received in the form of tender reports.
7. Preparation and execution of the formal contract.
8. Interim valuation of works in progress on site for purposes of interim payments.
9. Preparation of financial statement of regular intervals during the construction period.
10. Settlement of the final accounts of the project.
11. Supplementary Services
    

Besides the aforementioned basic services, the following supplementary services may also be provided by the

Professional Quantity Surveyor if required :

1. Preparation of feasibility studies of a project.
2. Projection of estimated project or development expenditure and anticipated income cash flows.
3. Evaluation of contractors registered for prequalification.
4. Comparative cost studies on the economics of the project during design stage.
5. Project management of construction project.
6. Life-cycle costing and studies on economics of alternative design.
7. Pricing of Bills of Quantities or negotiating and agreeing Schedule of Rates.
8. Valuation or auditing of contractual claims for arbitrations litigation cases.
9. Valuation or auditing of insurance claims for fire damaged buildings.
10. Auditing of contracts and their related budgets and expenditure.
11. Application of the full scope of quantity surveying services in Turnkey or Privatisation Contracts.