Quantity Survey (2)

Quantity Survey

Our team of quantity surveyors has extensive experience across all international sectors including commercial and public property, manufacturing, heavy industry, infrastructure, power and energy, chemical, and petroleum sectors. Working together with our engineering teams, Envista is able to provide coordinated quantum and cost assessments on all losses. Our highly experienced team provides impartial advice and we are a trusted partner for all our clients. Our experts carefully study all aspects of the loss, applying the latest techniques and technologies to provide accurate and detailed solutions.

What is Quantity Surveying?

Quantity surveying is an integral part of the construction process. Working closely with our engineers and time schedulers, Envista's dedicated team of expert quantity surveyors are responsible for managing all aspects of the contractual and financial side of construction projects to help to ensure that the construction project is completed within its projected budget. Our experts provide insurers and legal professionals with specialized, impartial advice on costs, procurement, conditions of contract, and risk following major, complex losses.

Quantity Surveying Cost Estimation

After a loss, it is important that all parties have cost certainty. With expert knowledge on construction costs and contracts, our team can provide cost estimates including:

  • Actual cash value (ACV) and depreciation estimates
  • Order of magnitude estimates
  • Reinstatement cash value (RCV) estimates
  • Value at risk estimates
  • Procurement route planning

Where early settlement cannot be reached, Envista's quantity surveying experts advise on the most appropriate form of procurement, the most suitable form of contract for reinstatement, and potential risks with respect to time and cost.

Envista's quantity surveyors understand that there will be an emphasis on completing the reinstatement program as quickly and efficiently as possible when there is business interruption. With this in mind, Envista's experts work to create a procurement strategy to ensure the program remains on time and within budget while maintaining a high quality of standard. The strategy examines the importance of schedule, outturn costs, and quality of the reinstatement works.

Conditions of Construction Contract

Envista's quantity surveying experts advise all parties on the most suitable form of contract during the reinstatement phase. We have been extensively involved in administering construction contracts using the following conditions of the contract:

  • New Engineering Contract (NEC): Used extensively on civil engineering and infrastructure projects in the U.K.
  • International Federation of Consulting Engineers (FIDIC): Used extensively across Asia, Oceania, Europe, the Middle East, and the Americas
  • Institute of Chemical Engineers (IChemE): Used primarily in chemical and process industries such as food production, chemicals, and pharmaceuticals
  • Joint Contracts Tribunal (JCT): Extensively used on building projects in the U.K. and internationally
  • Bespoke forms of contract: Generally drafted by clients' legal representatives

Risk Mitigation

When a loss first occurs, it is a common and important practise for quantity surveyors to identify and prioritize potential risks, should they occur. Our experts assess and rate risks in terms of their likely impact with respect to time and cost and their probability of occurring. Then, our experts will begin by helping mitigate risks with the highest impact and probability.

Our mitigation capabilities include:

  • Transferring risks: Transferring the risk to the contractor to price and tender
  • Terminating risks: If risks have a high impact, a high probability of occurring, and all other mitigation efforts fail, stopping or designing risks out may be required
  • Tolerating risks: If risks are unable to be treated or transferred, they will be included on the risk register, budgeted, and monitored throughout the construction period
  • Treating risks: Putting measures in place that could reduce the probability of risks occurring and reduce the impact, should it occur
Need a Quantity Surveying Consultant?

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