The Unseen Architects of Value: Quantity Surveying in New Zealand

In New Zealand's dynamic construction landscape, where economic shifts and a push for efficiency are constant, the role of the Quantity Surveyor (QS) has never been more critical. Far from being mere "number crunchers," today's QS professionals are the financial compass of construction projects, ensuring value, managing risk, and driving successful outcomes from concept to completion.

What Does a Quantity Surveyor Do? The Evolving Role

Traditionally, Quantity Surveyors were primarily focused on estimating, measuring, and costing construction projects. While these core functions remain vital, the modern QS in New Zealand offers a much broader range of services:

·  Feasibility Studies & Cost Planning: 

At the earliest stages, QS professionals assess the financial viability of a project, providing crucial cost advice and developing robust cost plans to align with client budgets and objectives.

·  Estimating & Tendering: 

They meticulously prepare detailed schedules of quantities and rates, which form the basis for tender documents, and then analyse bids to provide recommendations to clients.

·  Contract Administration & Management:

QS professionals play a significant role in managing contracts, assessing payment claims, valuing variations, and facilitating final account settlements.

·  Value Engineering:

They actively seek out cost-effective alternatives and solutions without compromising quality or design intent, identifying opportunities for savings throughout the project lifecycle.

·  Risk Management: 

Identifying potential cost risks early in the design phase and throughout construction is a key function, enabling proactive mitigation strategies.

·  Dispute Resolution: 

In instances of conflict, a QS may act as an impartial arbitrator, leveraging their deep understanding of contracts and costs.

·  Sustainability & Life Cycle Costing: 

With a growing emphasis on green building, QS professionals are increasingly advising on the cost implications of sustainable design initiatives and conducting whole-life costing to assess long-term operational expenses.

·  Development Monitoring & Due Diligence: 

For financiers and investors, QS firms provide independent oversight, monitoring project progress and financial drawdowns to ensure sound investment.

The Current Landscape for QS in NZ

The New Zealand construction industry is currently navigating a period of reduced demand, particularly in residential construction. This has led to increased competition among contractors, which in turn places pressure on QS firms to provide even sharper and more accurate cost management.

Despite the current economic headwinds, the demand for skilled Quantity Surveyors remains strong in New Zealand. This is driven by:

·  Complexity of Projects: 

Modern construction projects are inherently complex, requiring expert cost management.

·  Cost Volatility: 

Fluctuating material costs and supply chain complexities underscore the need for meticulous cost control and risk assessment.

·  Regulatory Environment: 

The evolving regulatory landscape, including new building codes and environmental standards, demands up-to-date knowledge and expertise in cost compliance.

·  Shortage of Experienced Professionals: 

While there's a pipeline of graduates, there remains a persistent shortage of senior and highly experienced QS professionals (Red QS has 4 of them !).

In conclusion, Quantity Surveying in New Zealand is a dynamic and essential profession.

As the construction industry navigates current challenges and prepares for future growth, the expertise of QS professionals in managing costs, mitigating risks, and driving value will be more indispensable than ever before. Their evolving role, underpinned by technological advancements and a commitment to sustainability, ensures they remain the unseen architects of financial success in the built environment.