The Quantity Surveyor & Real Estate Development

Written by Colm Dillon


Those of you who are new torepparttar real estate development business, need to understand what each Design professional contributes torepparttar 103132 development team andrepparttar 103133 specific services they are capable of delivering for you.

Knowing what they do for you ... what you are paying for is vital.

This is part of a series of articles I am writing for you to explain what each profession does in some detail.

So far I have covered:

. The Architect and Real Estate Development . The Structural Engineer and Real Estate Development . The Hydraulic Engineer and Real Estate Development

and now we'll tacklerepparttar 103134 generally mis-understood profession ofrepparttar 103135 Quantity Surveyor.

The Quantity Surveyor (QS), can also be known inrepparttar 103136 development and construction industries as a Construction Economist, or even a Cost Manager.

At feasibility stage quantity surveyors use their knowledge of construction methods and costs to adviserepparttar 103137 developer onrepparttar 103138 most economical way of achieving project requirements.

Quantity Surveyors do not usually work on small developments, such as six or ten residential units/condos/apartments.

But when such projects get intorepparttar 103139 higher multiples, I have always engaged them as part of my development team.

It might be timely to remind you of my description of what a developer or development manager does - a developer is a Manager of human - physical and financial resources. S/he is not an Expert - s/he engages Experts to carry out their specialist work so thatrepparttar 103140 DM can achieverepparttar 103141 development's goal.

The DM is not an expert - a DM is a "Generalist" and happens to know a lot about what goes into putting a successful development together.

That does not mean that a DM may not have had a specific building/construction expertise, it is just that s/he engages other to do that work and takes onrepparttar 103142 General's Work of gettingrepparttar 103143 entire development offrepparttar 103144 ground and then completed successfully.

So a QS is one of those specialist professions that a DM engages to advise on construction costs.

Atrepparttar 103145 start of a project you may have used, what we refer to as, a 'broad brush' price forrepparttar 103146 construction figure or an estimate prepared by a builder or indeed a QS.

However you arrived atrepparttar 103147 figure, it becomes your Construction Budget upon which your projects financial viability has been established.

Well, once you startrepparttar 103148 detailed development of your Projects Design, you need ensure that every alteration, or I should say, expansion ofrepparttar 103149 design, is still withinrepparttar 103150 original Budget. That's another aspect of what your QS does for you.

A QS estimates and monitors construction costs, fromrepparttar 103151 feasibility stage of a project through torepparttar 103152 completion ofrepparttar 103153 construction period and beyond if you requirerepparttar 103154 services.

The QS forms part ofrepparttar 103155 Design Consultant Team and work closely with developers, architects, engineers, contractors, suppliers, accountants, insurance underwriters, solicitors and Courts and with financiers.

A QS controls design construction costs, and compared them torepparttar 103156 Budget Cost, by breaking downrepparttar 103157 building into major elements ofrepparttar 103158 total cost structure - referred to as "elemental costs."

For instance, if most residential buildings, ofrepparttar 103159 type and size you are proposing shows that foundations are usually $X per square foot or per square metre, and your plan design shows $X + per foot/metre, you would want to know why, at a stage of your project, when you have a chance to take corrective action.

Now withinrepparttar 103160 major "elemental cost,"repparttar 103161 QS has a further break down of costs.

Staying withrepparttar 103162 example of our foundations, you would have such items as Steel Reinforcing, Concrete. So ifrepparttar 103163 foundation costs are high, you can see thatrepparttar 103164 cost of steel has increased inrepparttar 103165 past 3 months by 12% due to whatever reasons.

At lease you knowrepparttar 103166 reason forrepparttar 103167 increase and if you are stuck with it, you know you have to look for 'cost saving elsewhere' so that you don't break your Budget.

Quantity surveyors can use techniques referred to as Cost Planning, Estimating, Cost Analysis, Cost-in-use Studies and Value Management to establish and control a project budget.

See how important these guys are?

The Structural Engineer & Real Estate Development

Written by Colm Dillon


Without a Structural Engineer our modern life style would not exist.

The structure of a building is likerepparttar skeleton of our body. Without it a building could not stand upright and without a skeleton, we would be a blob of flesh onrepparttar 103131 ground.

So just like I said in an earlier article, ifrepparttar 103132 Hydraulic Engineer did not get water torepparttar 103133 2nd level of a house orrepparttar 103134 30th floor of an apartment building, there would not be much point in constructingrepparttar 103135 building inrepparttar 103136 first place.

So all these professions link together in a co-dependent relationship when creating a modern building.

Just think aboutrepparttar 103137 last tall building you saw. Now think about allrepparttar 103138 forces that come into play. The obvious one itrepparttar 103139 weight ofrepparttar 103140 concrete and steel. Then of course isrepparttar 103141 weight of allrepparttar 103142 equipment, furniture, windows, cars and personal possessions ofrepparttar 103143 occupants.

All of this weight has a vertical impact and must be calculated byrepparttar 103144 structural designer, so thatrepparttar 103145 foundations are of sufficient strength and are founded on some solid sub-strata natural material, like rock.

How doesrepparttar 103146 structural engineer handle this weight if there is no rock, say 20 metres underrepparttar 103147 building. Can you see how things can get complicated?

OK,repparttar 103148 weight factor is an obvious one. But what about 'wind?' This building that is being designed will be sticking up inrepparttar 103149 air, say 150 metres.

Imagine a strong wind of 100 miles (km) an hour hitsrepparttar 103150 southern facade ofrepparttar 103151 building or any ofrepparttar 103152 other three sides. If you were living inside, you would not like to feelrepparttar 103153 building move - not even a fraction of an inch, would you?

Ifrepparttar 103154 wind is a hale or rain storm andrepparttar 103155 wind carrying it is swirling around and not coming from a fixed direction,repparttar 103156 building may be experiencing a 'twisting' motion. Once again, you would not like to feelrepparttar 103157 building move a fraction of an inch.

What about ifrepparttar 103158 building is going to be erected on an absolute beach front location.

What happens ifrepparttar 103159 sea invades inland in storm force gales and erodes a great deal ofrepparttar 103160 sand from aroundrepparttar 103161 foundations and also hasrepparttar 103162 forces I described above.

These are just some ofrepparttar 103163 forcesrepparttar 103164 Structural Engineer must allow for in his/her design. The design, not only takes these forces and conditions into account, but must also take account ofrepparttar 103165 historical precedent of past major storms or floods.

You may have heard people talk ofrepparttar 103166 Flood of 1974 (my region) ofrepparttar 103167 Hurricanes of 2004 in Florida. Well, all of these must be recorded and added torepparttar 103168 history of floods and storms of 50 - 100 years ago (or longer) that may have occurred in your area of interest.

Having taken all this into account,repparttar 103169 Structural Engineer, must design a structure that in his/her opinion is safe forrepparttar 103170 citizens as well asrepparttar 103171 occupants.

It may be of interest to readers that one ofrepparttar 103172 roles ofrepparttar 103173 Local Authority's Building Department is to check thatrepparttar 103174 calculations are correct.

Now, not all of us are going to build high rise buildings, but I hope it is easier to understandrepparttar 103175 forces at play on a big building and then relate them to a smaller structure most individual developers with build.

Your two or four story residential development structure has allrepparttar 103176 same forces and must be allowed for inrepparttar 103177 design ofrepparttar 103178 structure. If you are a resident ofrepparttar 103179 State of Florida inrepparttar 103180 United States, you will know first handrepparttar 103181 effect these forces can have onrepparttar 103182 community's homes and commercial buildings.

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