Here are 100 term words related to quantity

surveyors along with their definitions:

Amas Mohamed

Quantity Surveyor
23 artigos Seguir
21 de junho de 2023

1. Quantity surveyor: A professional who specializes in estimating and managing the costs and quantities of materials, labor,
and resources required for construction projects.

2. Cost estimation: The process of determining the anticipated costs of a construction project by considering factors such as
materials, labor, equipment, and overhead expenses.

3. Bill of Quantities (BOQ): A detailed document prepared by a quantity surveyor that lists and describes all the materials,
quantities, and associated costs required for a construction project.

4. Cost control: The management process of monitoring and regulating the costs of a construction project to ensure it stays
within the budget.

5. Cost management: The overall process of planning, estimating, budgeting, and controlling costs throughout the lifecycle
of a construction project.

6. Tender documentation: The set of documents prepared by a quantity surveyor to invite bids from contractors, including
drawings, specifications, bills of quantities, and contractual terms.

7. Cost planning: The process of establishing a budget and allocating costs to various elements of a construction project.

8. Value engineering: A systematic approach to analyze and optimize the value of a project by balancing the cost, function,
quality, and aesthetics of its components.

9. Cash flow forecasting: The estimation and monitoring of cash inflows and outflows throughout a construction project to
ensure that sufficient funds are available at the right time.

10. Life cycle costing: A method of evaluating the total cost of a construction project over its entire life span, including initial
construction, operation, maintenance, and disposal.
11. Variation order: A formal document issued by the quantity surveyor to authorize changes to the scope, design, or
specifications of a construction project, which may affect costs.

12. Final account: The comprehensive statement prepared by a quantity surveyor at the end of a construction project,
detailing the actual costs incurred and comparing them to the original budget.

13. Cost analysis: The process of examining and breaking down the various components of a construction project's costs to
understand their individual contributions to the overall budget.
14. Procurement: The process of acquiring materials, equipment, and services required for a construction project, including
vendor selection, negotiation, and contract management.

15. Risk management: The systematic identification, assessment, and mitigation of potential risks and uncertainties that may
impact the cost, schedule, or quality of a construction project.

16. Earned value analysis: A technique used by quantity surveyors to assess the progress and performance of a construction
project by comparing the budgeted cost of work performed to the actual cost.

17. Cost database: A repository of historical cost information maintained by quantity surveyors, used for reference and
benchmarking during the estimation and cost control processes.

18. Cost-benefit analysis: A method of evaluating the financial feasibility of a construction project by comparing the
anticipated benefits and costs associated with its implementation.

19. Depreciation: The decrease in value of an asset over time due to wear and tear, obsolescence, or other factors, which is
considered in the estimation of replacement costs.

20. Feasibility study: A preliminary analysis conducted by quantity surveyors to assess the economic viability and potential
risks of a construction project before committing significant resources.

21. Cost overruns: The situation where the actual costs of a construction project exceed the initially estimated or budgeted
costs.

22. Quantity takeoff: The process of quantifying and measuring the quantities of materials required for a construction project
based on the drawings and specifications.

23. Cost estimating software: Computer programs and tools used by quantity surveyors to facilitate the accurate and efficient
estimation of construction project costs.

24. Project management: The discipline of planning, organizing, and controlling resources to achieve specific objectives
within the constraints of time, budget, and quality for a construction project.

25. Measurement standards: Established guidelines and rules that dictate how quantities of materials and work items are
measured and documented in the bills of quantities.

26. Variation analysis: The examination of differences between the estimated costs and the actual costs incurred during a
construction project, with a focus on identifying and explaining discrepancies.

27. Valuation: The process of determining the monetary value of a construction project or its components, often required for
insurance, taxation, or financial reporting purposes.

28. Material takeoff: The process of quantifying and listing the quantities of specific materials required for a construction
project, typically based on the bill of quantities.

29. Preliminary costs: The initial expenses incurred during the early stages of a construction project, including feasibility
studies, surveys, design development, and site investigation.

30. Contingency budget: A reserve fund allocated by a quantity surveyor to account for unforeseen events or risks that may
impact the costs of a construction project.

31. Construction cost index: An indicator that tracks the changes in construction costs over time, allowing quantity surveyors
to adjust their estimates based on prevailing market conditions.

32. Procurement strategy: The planned approach and methodology used by quantity surveyors to procure the necessary
resources for a construction project, considering factors such as time, cost, and risk.
33. Cost forecasting: The process of predicting and projecting the future costs of a construction project based on historical
data, current trends, and anticipated changes.

34. Construction economics: The branch of economics that focuses on the analysis and management of costs, resources, and
financial aspects within the construction industry.

35. Cost-plus contract: A type of construction contract where the contractor is reimbursed for the actual costs incurred plus a
predetermined percentage or fee to cover profit and overhead.

36. Benchmarking: The process of comparing the performance, costs, or practices of a construction project to industry
standards or similar projects to identify areas for improvement.

37. Dispute resolution: The process of resolving conflicts and disagreements that may arise between parties involved in a
construction project, often facilitated by a quantity surveyor or other professionals.

38. Value for money (VFM): The concept of obtaining the best possible outcome and benefits from the resources invested in
a construction project, considering both cost and quality.

39. Cost model: A structured framework or template used by quantity surveyors to organize and estimate the costs of various
elements and activities within a construction project.

40. Whole-life costing: A method of evaluating and considering the total costs associated with a construction project over its
entire life cycle, including design, construction, operation, and maintenance.

41. Inflation: The general increase in prices of goods and services over time, which quantity surveyors must account for when
estimating and managing construction project costs.

42. Asset management: The strategic and systematic approach to managing and maintaining the physical assets of a
construction project throughout their lifecycle to optimize performance and value.

43. Quantity surveying software: Computer programs and tools specifically designed for quantity surveyors to assist in tasks
such as cost estimation, measurement, and project management.

44. Cost reporting: The regular preparation and presentation of financial reports by quantity surveyors to communicate the
current status, progress, and financial performance of a construction project.

45. Life cycle assessment: The comprehensive evaluation of the environmental impacts and sustainability considerations
associated with a construction project from cradle to grave.

46. Subcontractor: A company or individual hired by the main contractor to perform specific tasks or provide specialized
services within a construction project.

47. Insurance valuation: The assessment and determination of the reinstatement or replacement value of a construction
project for insurance purposes, taking into account construction costs and market conditions.

48. Dilapidations: The assessment and estimation of the repairs and maintenance required to restore a property to its original
condition, often performed by a quantity surveyor during lease agreements.

49. Cash flow management: The process of monitoring and optimizing the inflow and outflow of cash within a construction
project to ensure sufficient liquidity for ongoing operations.

50. Lifecycle analysis: The systematic evaluation of the environmental impacts and resource usage associated with a
construction project from raw material extraction to end-of-life disposal.

51. Preliminaries: The costs and allowances in a construction project that are not directly related to specific materials or work
items, including site supervision, temporary works, site facilities, and general administration.
52. Construction contracts: Legally binding agreements that define the roles, responsibilities, and obligations of parties
involved in a construction project, including the client, contractor, and quantity surveyor.

53. Tax depreciation: The method used to account for the decrease in value of an asset for tax purposes, allowing for
deductions over its useful life.

54. Forensic quantity surveying: The application of quantity surveying expertise in the investigation, analysis, and
resolution of disputes, claims, or legal issues related to construction projects.

55. Capital expenditure: The costs incurred for the acquisition, improvement, or expansion of long-term assets in a
construction project, typically depreciated over their useful life.

56. Feasibility cost planning: The initial estimation of construction costs during the feasibility stage of a project to assess its
financial viability and inform decision-making.

57. Whole-life value: The assessment of a construction project's value over its entire life cycle, considering not only its initial
costs but also its operational, maintenance, and disposal costs, as well as benefits.

58. Risk assessment: The process of identifying, analyzing, and evaluating potential risks and uncertainties that may affect
the successful completion of a construction project and its associated costs.

59. Elemental cost analysis: The method of breaking down the overall cost of a construction project into various elements or
components, enabling detailed analysis and cost control.

60. Cash flow statement: A financial statement that presents the inflow and outflow of cash within a construction project
over a specified period, providing insights into liquidity and financial health.

61. Dilapidation survey: An inspection conducted by a quantity surveyor to assess the condition of a property before and
after a lease agreement, documenting any damages or required repairs.

62. Capital allowances: Tax deductions or allowances provided for capital expenditure on construction projects, allowing for
tax relief on qualifying assets.

63. Feasibility assessment: An evaluation conducted by a quantity surveyor to determine the economic viability and potential
risks of a construction project, considering factors such as costs, benefits, and market conditions.

64. Cost segregation: The process of segregating and classifying construction costs into different categories, such as land,
building, fixtures, and equipment, for accounting and tax purposes.

65. Value management: A structured and collaborative approach to identify and achieve value improvements in a
construction project, considering the needs and expectations of stakeholders.

66. Quantity surveying standards: Established guidelines and principles that govern the professional practice and conduct of
quantity surveyors, ensuring consistency and quality in their work.

67. Construction economics: The application of economic principles and theories to analyze and understand the financial
aspects of construction projects, including supply and demand, pricing, and investment decisions.

68. Life cycle assessment: The evaluation of the environmental impact of a construction project throughout its life cycle,
considering factors such as energy consumption, waste generation, and carbon emissions.

69. Cost Benchmarking: The process of comparing the costs and performance of a construction project to industry
benchmarks or similar projects to identify areas of improvement or potential cost savings.

70. Value engineering: A systematic approach to analyze and optimize the value of a construction project by balancing the
cost, function, quality, and aesthetics of its components.
71. Cash flow analysis: The examination and projection of the inflows and outflows of cash within a construction project to
assess liquidity, funding requirements, and financial performance.

72. Building regulations: Governmental rules and standards that prescribe the minimum requirements for the design,
construction, and operation of buildings to ensure safety, health, and welfare.

73. Arbitration: A method of dispute resolution in which parties involved in a construction project submit their case to an
arbitrator or a panel for a binding decision, often used as an alternative to litigation.

74. Retention: An agreed-upon percentage of the contract sum withheld by the client from the contractor's payment as a form
of security until the completion of the construction project.

75. Cash flow projection: A forward-looking estimation of the anticipated inflows and outflows of cash within a construction
project over a specified period, used for planning and budgeting purposes.

76. Soft costs: Non-physical costs associated with a construction project that are not directly attributable to materials or labor,
such as professional fees, permits, surveys, and marketing expenses.

77. Green building: The design, construction, and operation of buildings that minimize their environmental impact, conserve
resources and enhance occupant health and comfort.

78. Due diligence: The comprehensive and systematic investigation conducted by a quantity surveyor to assess the financial,
legal, and technical aspects of a construction project before making decisions or recommendations.

79. Construction claims: Requests for additional compensation or time extensions submitted by contractors or subcontractors
due to events or circumstances that impact the cost or schedule of a construction project.

80. Benchmark cost: The target or reference cost established by a quantity surveyor based on historical data, industry
standards, or similar projects, used for comparison and evaluation purposes.

81. Risk mitigation: The implementation of strategies and measures to reduce or eliminate potential risks and uncertainties
that may impact the costs or success of a construction project.

82. Lifecycle planning: The process of considering the long-term operational, maintenance, and replacement costs of a
construction project during the initial planning and design stages.

83. Construction claim management: The systematic and proactive approach to handle and resolve construction claims,
ensuring fair and equitable outcomes while minimizing delays and disruptions.

84. Plant and equipment: The machinery, tools, and other assets used in the construction process, often rented or owned by
contractors and accounted for in the estimation and management of project costs.

85. Disbursement schedule: A structured plan that outlines the anticipated timing and amounts of cash outflows for a
construction project, often used for financial planning and tracking.

86. Whole-life performance: The assessment of a construction project's performance and functionality over its entire life
cycle, considering factors such as energy efficiency, durability, and maintenance requirements.

87. Construction cost management: The systematic control and monitoring of costs throughout the lifecycle of a
construction project, including estimation, budgeting, tracking, and analysis.

88. Capital budgeting: The process of evaluating and allocating financial resources to capital expenditure projects, including
construction projects, based on their anticipated returns and risks.

89. Retrospective valuation: The assessment of the value of a completed construction project at a specific point in time, often
required for financial reporting, refinancing, or sale purposes.
90. Change order: A documented modification to the original contract of a construction project, issued by a quantity
surveyor, specifying changes in scope, design, cost, or schedule.

91. Valuation survey: An inspection conducted by a quantity surveyor to determine the value of a property or asset,
considering factors such as location, condition, size, and market trends.

92. Final account reconciliation: The process of comparing the actual costs incurred during a construction project to the
estimated costs in the final account, identifying any discrepancies or variances.

93. Cost-to-complete analysis: An assessment conducted by a quantity surveyor to determine the remaining costs required to
complete a construction project based on the progress and incurred expenses.

94. Site investigation: The assessment and evaluation of a construction site's geotechnical conditions, environmental factors,
and other site-specific information to inform the estimation and management of costs.

95. Quantity surveying ethics: The moral principles and professional standards that guide the conduct and behavior of
quantity surveyors, ensuring integrity, objectivity, and accountability in their work.

96. Cost indexation: The adjustment of construction project costs to account for changes in the general price level of goods
and services, typically using an inflation index.

97. Material substitution: The process of replacing specified materials in a construction project with alternative materials
that offer similar functionality but may have different costs or environmental impacts.

98. Cost risk analysis: The assessment and quantification of potential cost uncertainties and their impact on a construction
project, often performed through techniques such as sensitivity analysis or Monte Carlo simulation.

99. Constructability review: A systematic evaluation conducted by a quantity surveyor to assess the constructability and
efficiency of the design of a construction project, identifying potential cost-saving opportunities.

100. Quantity surveying professional organizations: Associations and institutes that represent quantity surveyors, providing
resources, guidance, and professional development opportunities for members.