Should you use an External Quantity Surveyor?

Date Written: 2023-08-30

In the construction industry, managing costs and ensuring accurate quantity estimations are critical for the success of a project. Some companies turn to external quantity surveyors to fulfil this function. An external quantity surveyor is a professional who specializes in managing and controlling project costs, from initial estimates to final account settlement. Let's explore the pros and cons of engaging an external quantity surveyor for a construction company:

Pros of Hiring an External Quantity Surveyor:

1. Cost Control and Estimation:

External quantity surveyors have expertise in cost control and estimation. They provide accurate cost assessments and help identify potential savings, ensuring that construction projects stay within budget.

2. Expertise and Experience:

Quantity surveyors bring valuable expertise and experience to the table. They possess a deep understanding of construction materials, methods, and industry regulations. Their knowledge allows them to provide informed recommendations and ensure compliance with relevant standards.

3. Financial Management:

With their financial management skills, external quantity surveyors monitor project costs, track expenses, and provide cost reports. They help construction companies make informed decisions, manage cash flow effectively, and minimize financial risks.

Cons of Hiring an External Quantity Surveyor:

1. Additional Cost:

Engaging an external quantity surveyor involves an additional cost for the construction company. This expense can be particularly noticable when the surveyor is working on potential projects that are subsequently lost to competitors.

2. Dependence on External Expertise:

While external quantity surveyors provide valuable insights, relying on external expertise means the construction company is dependent on their availability and involvement. Coordination and communication may become challenges if there are any delays or issues in engaging the external quantity surveyor.

3. Integration with Existing Team:

Integrating an external quantity surveyor with the existing project team can require effort and coordination. On the other hand, having an estimator or estimating team in-house allows them to interact directly and immediately with other team members, and provide valuable insight.

It is important for construction companies to evaluate their specific needs and consider the pros and cons when deciding whether to engage an external quantity surveyor, or whether it it better to bring this expertise in-house and utilise an efficient estimating system