Commercial Manager & Quantity Surveyors
Quantity Surveyors are the financial guardians of construction projects. They meticulously manage and control project costs, ensuring that projects remain financially viable from start to finish. They are experts in cost estimation, contract administration, and value engineering, playing a critical role in the successful delivery of construction projects.
Responsibilities
Preparing detailed and accurate cost estimates for all stages of construction projects.
Developing tender documentation, including bills of quantities and contract terms.
Managing the tender process, evaluating bids, and recommending contractors.
Administering construction contracts, ensuring compliance and managing variations.
Monitoring project expenditures, identifying cost variances, and developing cost control strategies.
Conducting value engineering exercises to identify cost savings without compromising quality.
Assessing payment applications from subcontractors and negotiating final accounts.
Identifying and mitigating potential commercial risks.
Providing cost advice and financial reporting to project stakeholders.
Collaborating effectively with project managers, engineers, and other team members.
Skills and Qualifications:
Bachelor's degree in Quantity Surveying or a related field.
RICS accreditation (preferred).
Proven experience as a Quantity Surveyor in the UK construction industry.
Strong understanding of construction methods, materials, and UK building regulations.
Proficiency in cost estimating software and measurement techniques.
Excellent analytical, numerical, communication, and negotiation skills.
Ability to work independently and as part of a team.
Meticulous attention to detail and accuracy.
A Day in the Life of a
Quantity Surveyor at The Grand Regency:
The Project: Refurbishment of a Historic Hotel in Bath
Imagine a grand, historic hotel in Bath undergoing a major refurbishment. "The Grand Regency" project involves:
Scope: A complete internal and external refurbishment, including upgrading guest rooms, creating new spa facilities, restoring period features, and modernising the building services.
Budget: £25 million.
Timeline: 12 months.
Key Stakeholders: The hotel owner/developer, architects, structural engineers, M&E consultants, specialist heritage contractors, various subcontractors, and hotel management.
Morning (7:30 AM - 12:30 PM):
It's 8:00 AM. David, the Commercial Manager/Quantity Surveyor for The Grand Regency, arrives at the site office. His role is crucial for managing the project's finances, contracts, and commercial relationships.
Cost Report Review: David starts by reviewing the latest cost report with his team. They analyse actual costs against the budget, identify any cost overruns or savings, and forecast the project's final cost. They discuss the rising costs of timber and explore alternative sourcing options.
Subcontractor Negotiation: David meets with a potential subcontractor for the specialist heritage plastering work. He negotiates the contract terms, including price, payment milestones, and performance guarantees. He ensures the contract complies with UK construction law and best practices.
Valuation Meeting: David attends a valuation meeting with the project's main contractor. They discuss the value of the work completed to date, agree on payment applications, and address any variations to the original contract. They review a claim for additional costs due to unforeseen ground conditions.
Client Liaison: David receives a call from the hotel owner regarding the budget. He provides a detailed update on the project's financial status, explaining any variances and outlining strategies to manage costs effectively.
Afternoon (12:30 PM - 5:30 PM):
Lunch & Informal Networking: David grabs a quick lunch with some of the site team, using the opportunity to discuss any commercial issues or concerns informally.
Contract Administration: David reviews and processes subcontractor payment applications, ensuring they are accurate and in line with the agreed contract terms. He also manages any variations to the contracts, documenting the changes and agreeing on the associated costs.
Risk Management Workshop: David participates in a risk management workshop with the project team. They identify and assess potential commercial risks, such as material price fluctuations, subcontractor insolvency, or disputes. They develop contingency plans to mitigate these risks.
Procurement Strategy Meeting: David meets with the procurement team to discuss the procurement strategy for the remaining packages of work. They explore different procurement routes, considering factors such as cost, quality, and programme.
Reporting and Documentation: David spends time preparing commercial reports for the client and the project team. He updates the cost plan, forecasts future expenditure, and documents any key commercial decisions.
Planning for Tomorrow: He plans for the next day's activities, prioritising tasks and ensuring that all necessary information is available.
Key Aspects of David's Day:
Financial Management: David is responsible for managing the project's finances, ensuring it remains within budget.
Contract Management: He negotiates, administers, and manages all construction contracts.
Commercial Awareness: He has a strong understanding of commercial principles and practices.
Negotiation Skills: He is a skilled negotiator, able to achieve favourable outcomes for the project.
Communication: He communicates effectively with a wide range of stakeholders.
Legal Knowledge: He has a good understanding of UK construction law and regulations.
David's day is demanding and requires a blend of financial acumen, legal knowledge, and interpersonal skills. He plays a vital role in ensuring the commercial success of The Grand Regency project, protecting the client's interests and managing the project's financial risks.
