The Roles of Qs in Property Dev.

There are a variety of views on, the property development process. In its simplest form, property development is the process of improving the value of land or building through the development of facilities that meet social, commercial and infrastructural requirements. It is about researching and conducting due diligence into the housing market and develop the right property to meet the demands of this market.

Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to

Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the

We are requested to assist the building with creating a method of construction cost data for client throughout the pre contract. The task of data collection is a difficult procedure and can be include to wide variations. Based upon our experience as quantity surveyors we chose to develop a cost data collection method. Our define construction line items and quantities for relativity building types.

The investigation and analysis processing during the planning stage would give developers and stakeholder opportunities to evaluate the feasibility, cost and time frame and funding of the proposed development at more accurate level. The final development solution could be adjusted or rejected due to the actual statistics. The planning processing should not only focus on the building structure and other physical facilities, but also extend to the benefits of economy, environment, community and etc.

This is creating various challenges for the proper growth and advancement of the sector. Lack of regulation, organizational structure and professionalism has led to the illegal construction process with unreliable building permits and use of substandard materials in construction. In addition, poor legal framework cannot cater to the interest of all the stakeholders in the sector. Nevertheless, the private sector is playing an active role for the development of housing and real estate sector. Professional real estate developers have mobilized their scarce financial resources and even borrowed from banks and financial institutions to invest in this sector.

To ensure the contractor receives the payment on time, he will prepares a progress claim as an application for payment. Before preparing the progress claim, quantity surveyor will be assessing measure works. To do so, quantity surveyor will visit the site under construction and inspect the work in progress. The work progress will then be

Pebble Cove Apartments is a two-story 90-unit Class B garden style complex centrally located in Las Vegas, Nevada. The charming community features numerous amenities including nearby shopping and schools. Historical occupancy is over 95% and the property is currently financed by a $5,076,000 Assumable Loan @ 3.82% Fixed, Due in 2049. The purpose of this paper is be to illustrate and highlights components of Peca’s (2009) six stages of property development. The property selected does not include the Construction or Initial Occupancy Phases.

The design and construction of buildings can be a complicated business involving different professions, contractors, sub-contractors and operatives. This type of work is varied and employs many construction personnel with different roles and responsibilities, working together to complete a project in as successful way- on time, on budget and to the right specification. A large project would involve a great number of different activities:

Measurements in the building are displayed on the surface in detail plan (Figure 4). Front elevation, edge elevation and plan are included in to this. All the measurements of the building had taken in this stage, thus the cost estimate has to be produced in time to time by the quantity surveyor. Every part and components of the building fully designed and cost checked.

There are many different aspect that will have key roles in the project management process. The presence of triple constraint will impact the project process. The relationship between the project scope, cost, and time will determine what changes will be implemented. These factors also impact the quality of the project and the knowledge of this will aid in the decision making process. The initial planning process of a construction project will be examined. A statement of need, goals and objectives, the stakeholders and project requirements, and project scope must be outlined. All of these areas will aid in the initiation and planning phase of the project. To ensure a smooth completion a project manager must understand the constraints involved and the development of the initial plan of the project.

Constructions project management involves the direct and daily monitoring of all construction activities and tasks, including all the construction methodologies that is being applied, as well as the personnel that directs or guides the project through every single stage or phase of its life cycle. It is pertinent to know that not all constructions jobs might not be successfully completed due to some changed conditions or unforeseen circumstances beyond control like the effects of nature and differing site conditions. Some of the constructions projects get rejected or are abruptly cancelled due to reasons best known to either the contractor or the client as the case maybe, but whatever happens regardless. Proper and effective closure is always needed on all constructions projects.

The origins of the Quantity Surveyor (QS) profession can dated back during the 19th century where from the earlier "measurer", a specialist tradesman, who readied schedules for a building project in which all of the construction materials and labour activities and were quantified. Based on this information, competing builders could submit priced tenders. Because all tenders were based on the same schedule of information, they could be easily compared to one another, making it a much simpler way of being able to chose the best bid as it narrowed the variables down (Powell, 1996). While the QS profession owes its origin to the “measurer” it was until the 1820s that as a profession the QS

Design and Build – The contractor is single point responsibility with the contractor, where they put across a design with a tender and if they are successful they win the tender.

Professional status of quantity surveyors is constantly challenged by greater competition and increased clients expectation of the services offered by QS consultancies. To meet these challenges and to maintain a competitive advantage quantity surveyors need to enhance the level of professionalism (Davis et al., 2007).