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A leading company in the hospitality sector seeks a Quantity Surveyor to oversee financial aspects of construction projects. You will be responsible for interpreting architectural drawings, managing budgets, and conducting risk assessments. This role requires strong analytical skills and proven experience in cost engineering, making it ideal for candidates with a mix of technical and communication proficiencies.
Job Description
Responsible for overseeing the calculation, estimation, management, and refinement of all financial costs and expenses related to a construction project.
Key Responsibilities
Reading and Analysis:
• Interpret architectural drawings and understand construction procedures.
• Thoroughly review contract documents to grasp project requirements.
• Ensure specifications align with project goals.
• Evaluate the financial impact
of changes to the project scope.
Cost Management:
• Provide guidance on cost limits and project budgets.
• Maintain detailed records of financial approvals, payments, variations, and change orders.
• Generate regular reports and promptly notify management of projected cost overruns or underruns, offering recommendations for corrective measures.
• Perform various cost engineering tasks such as cost control, budget preparation, cash flow projection, forecasting, and cost reporting with minimal supervision.
Procurement and Risk Management:
• Evaluate all purchase orders to determine committed costs.
• Work closely with construction personnel, clients, and contractors to review proposed cost changes.
• Monitor market fluctuations and site conditions that could impact project costs.
• Provide guidance on procurement strategies to optimize project expenses.
• Conduct cost planning and management throughout the project lifecycle.
Commercial Analysis:
• Identify, analyze, and address commercial risks related to the project.
• Perform cost analysis for repair and maintenance project tasks.
Documentation and Reporting:
• Carry out risk, value management, and cost control activities.
• Stay informed about various building contracts currently in use.
• Analyze tenders and prepare detailed tender reports.
• Generate concise and comprehensive reports on project activities.
Collaboration and Coordination:
• Adhere to Health and Safety regulations.
• Coordinate with other Quantity Surveyors (SQSs) and Assistant Quantity Surveyors (AQSs) to gather, review, and organize data for cost estimation.
• Review and assess work completed on-site, including variations and cost estimates.
• Collaborate with Contractor’s/Subcontractors’ Quantity Surveyors to reach agreements on various measurements.
• Prepare internal progress claims on a monthly basis, even if submissions from Contractors/Subcontractors are not received.
• Evaluate the value of works completed on-site monthly.
Cost Estimation and Advisory:
• Review and provide guidance on cost estimates for design and construction projects.
• Evaluate and advise on estimates for alternative designs or materials, preliminary budgets, and potential cost-saving measures.
• Assess and advise on cost implications resulting from third-party demands.
Variations and Payments:
• Prepare variations for implementation by the Contractor/Subcontractors, either through direct instruction or by requesting proposals for changes in work.
• Review and provide valuation/recommendation to the Client for Payment Applications submitted by the Contractor/Subcontractors, issuing Interim Payment Certificates reflecting the amount deemed due with all necessary details.
• Verify price statements submitted by the Contractor/Subcontractors for day work, adjusting as necessary based on provided substantiation.
Value Engineering and Quality Assurance:
• Evaluate and advise on Value Engineering proposals presented by the Contractor/Subcontractors during the construction phase.
• Ensure adherence to deadlines and quality standards, considering broader impacts beyond individual responsibilities.
• Focus on completing a set of related tasks for a specific section or service while remaining adaptable to accommodate new tasks as needed.
Requirements:
Qualifications, skills, and experience necessary for this role:
• Degree in Quantity Surveying or related field
• Master's degree in Engineering Management, QS, or Financial Management is advantageous
• Proven experience in cost engineering in the construction industry
• Strong analytical skills with attention to detail
• Excellent communication and interpersonal skills
• MRICS certification is advantageous
• Proficient in CATO & Cost X software
• BIM experience is beneficial.