QUANTITY SURVEYING AND VALUATION Contents Preface 1 The work of the quantity surveyor Introduction A changing industry Construction sectors The role of the quantity surveyor Skills, knowledge and understanding What’s in a name ? 2 Education, training and employment Introduction Chronology of quantity surveying education 1960-2012 Quantity surveyors in education Partnership and accreditation Non-cognate disciplines Vocational experience and qualifications Assessment of professional competence Continuing professional development Construction industry council Changing work patterns The professions Role of the RICS 3 Organization and management Introduction Staffing Office organization Employer’s responsibilities Public relations and marketing Quality management Time and cost management Developing staff and skills Finance and accounts 4 The quality surveyor and the law Introduction The quality surveyor and the client Collateral warranties Performance bonds Professional indemnity insurance Contracts of employment Equality act 2010 5 Research and innovation Introduction RICS Classification of research and development Research and development in the construction and property Industries Rethinking construction innovation and research Changing role of the quantity surveyor Research and development in quantity surveyor Research and development in quantity surveying practice Academic research Research dissemination The importance of change Innovation Conclusions 6 Cost control Introduction Project cost control Cost advice New rules of measurement (NRM) Precontract estimating methods General considerations Accuracy of approximate estimates Preparing the approximate estimate Whole life costing Value management Risk analysis Best value Taxation Financial assistance for development Post-contract methods 7 Whole life costing Introduction Brief history Government policy Whole life value Whole life costing applications Main factors to consider Targeting the major elements of costs-in-use Deprecation and obsolescence in buildings Long life, loose fit and low energy Calculations Forecasting the future Whole life cost forum Conclusions 8 Value management Introduction Background Terminology When should surveyors use value management? The application of value management Function analysis Supporting the case for value management Professional development and accreditation 9 Risk management Introduction When should surveyors use risk management The application of risk management Risk analysis Risk registers Expected monetary value ( EMV) Simulation (quantitative risk analysis) Risk management Appraisal of risk allocation Marging risk management and value management Opportunity? 10 Procurement Introduction General matters Standard forms of contract Methods of price determination Contractor selection and appointment Procurement options Contact strategy Client procurement needs Partnering The private finance initiative (PFI) The role of the quantity surveyor 11 Contract documentation Contract documents Coordinated project information Form of contract Contract drawings Schedules Contract bills Methods of measurement Contract specification Schedules of rates Master programme Information release schedule Discrepancies in documents 12 preparation of contract bills Appointment of the quantity surveyor Receipt of drawings Taking-off Contract bills Invitation to tender Receipt of tenders E- tendering 13 Cost management Introduction Valuation on insolvency Cost control and reporting 14 Final accounts Introduction Variations Procedures for measurement and evaluation Pricing variations Provisional sums Fluctuations Materials Completing the account Audit Timing and resources Case study 15 Insolvency Introduction The role of the quantity surveyor scenario the role of the liquidator Determination of contract Provision in the forms of contract Factors to consider at insolvency Completion of the contract The employer’s loss Expenditure involved Termination of contract (employer insolvency) Insolvency of the quantity surveyor or architect Performance bonds 16 Contractual disputes Introduction Why disputes arise Litigation Arbitration Adjudication Alternative dispute resolution Conclusion Expert witness Lay advocacy Claims 17 Project management Introduction Justifying project management by adding value Terminology Attributes of the project manager Duties and responsibilities of the project manager Quantity surveying skills and expertise Fees Education and training for the project manager 18 Facilities management Introduction The work of the facilities manager Sustainability Facilities management opportunities for the quantity surveyor Education and training for the facilities manager 19 Emergent themes: sustainability and BIM Introduction Background Quantity surveying and sustainability Zero carbon Building information modeling (BIM) BIM use within the industry Index
QUANTITY SURVEYING AND VALUATION
Contents
Preface
1 The work of the quantity surveyor
Introduction
A changing industry
Construction sectors
The role of the quantity surveyor
Skills, knowledge and understanding
What’s in a name ?
2 Education, training and employment
Chronology of quantity surveying education 1960-2012
Quantity surveyors in education
Partnership and accreditation
Non-cognate disciplines
Vocational experience and qualifications
Assessment of professional competence
Continuing professional development
Construction industry council
Changing work patterns
The professions
Role of the RICS
3 Organization and management
Staffing
Office organization
Employer’s responsibilities
Public relations and marketing
Quality management
Time and cost management
Developing staff and skills
Finance and accounts
4 The quality surveyor and the law
The quality surveyor and the client
Collateral warranties
Performance bonds
Professional indemnity insurance
Contracts of employment
Equality act 2010
5 Research and innovation
RICS
Classification of research and development
Research and development in the construction and property
Industries
Rethinking construction innovation and research
Changing role of the quantity surveyor
Research and development in quantity surveyor
Research and development in quantity surveying practice
Academic research
Research dissemination
The importance of change
Innovation
Conclusions
6 Cost control
Project cost control
Cost advice
New rules of measurement (NRM)
Precontract estimating methods
General considerations
Accuracy of approximate estimates
Preparing the approximate estimate
Whole life costing
Value management
Risk analysis
Best value
Taxation
Financial assistance for development
Post-contract methods
7 Whole life costing
Brief history
Government policy
Whole life value
Whole life costing applications
Main factors to consider
Targeting the major elements of costs-in-use
Deprecation and obsolescence in buildings
Long life, loose fit and low energy
Calculations
Forecasting the future
Whole life cost forum
8 Value management
Background
Terminology
When should surveyors use value management?
The application of value management
Function analysis
Supporting the case for value management
Professional development and accreditation
9 Risk management
When should surveyors use risk management
The application of risk management
Risk registers
Expected monetary value ( EMV)
Simulation (quantitative risk analysis)
Risk management
Appraisal of risk allocation
Marging risk management and value management
Opportunity?
10 Procurement
General matters
Standard forms of contract
Methods of price determination
Contractor selection and appointment
Procurement options
Contact strategy
Client procurement needs
Partnering
The private finance initiative (PFI)
11 Contract documentation
Contract documents
Coordinated project information
Form of contract
Contract drawings
Schedules
Contract bills
Methods of measurement
Contract specification
Schedules of rates
Master programme
Information release schedule
Discrepancies in documents
12 preparation of contract bills
Appointment of the quantity surveyor
Receipt of drawings
Taking-off
Invitation to tender
Receipt of tenders
E- tendering
13 Cost management
Valuation on insolvency
Cost control and reporting
14 Final accounts
Variations
Procedures for measurement and evaluation
Pricing variations
Provisional sums
Fluctuations
Materials
Completing the account
Audit
Timing and resources
Case study
15 Insolvency
scenario
the role of the liquidator
Determination of contract
Provision in the forms of contract
Factors to consider at insolvency
Completion of the contract
The employer’s loss
Expenditure involved
Termination of contract (employer insolvency)
Insolvency of the quantity surveyor or architect
16 Contractual disputes
Why disputes arise
Litigation
Arbitration
Adjudication
Alternative dispute resolution
Conclusion
Expert witness
Lay advocacy
Claims
17 Project management
Justifying project management by adding value
Attributes of the project manager
Duties and responsibilities of the project manager
Quantity surveying skills and expertise
Fees
Education and training for the project manager
18 Facilities management
The work of the facilities manager
Sustainability
Facilities management opportunities for the quantity surveyor
Education and training for the facilities manager
19 Emergent themes: sustainability and BIM
Quantity surveying and sustainability
Zero carbon
Building information modeling (BIM)
BIM use within the industry
Index
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