Here at the Metroun RU-vid Channel, we provide our viewers with consistent, up to date videos on the world of Quantity Surveying and Construction. Whether you're already working in the industry or if you're a student wanting to get into Quantity Surveying, we will provide you with simple explanations and effective tips to get you ahead of the competition. We are a trio of Senior Quantity Surveyors who want to impart our knowledge in a modern way.
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I have completed cert construction level 1 and 2, then BTEC now I am in my in my final year pursuing RICS QUANTITY SURVEYOR at LSBU. my education journey total 7 years, 4 years, college, 3 years in university
Hi there, thanks for this video. I’m a quantity surveyor with 5 years experience of working in the residential and civil sector so I have been privy to both JCT and NEC Contract Management. I enjoy both aspects to each sector and I’m still relatively young in my profession. However I am unclear in which sector I want to permanently remain in the long term but I am looking to start my APC for my RICS in the next month or two. I’m also about to start my new QS role in telecommunications at the end of next month. My question to you is this: If I were to continue working in the civil sector, would it prevent me from crossing back over to working in other construction sectors?
Quantity Surveyor means we specifically survey, measure/calculate & manage only costing of 5M Quantitative items (Man power, machinery, material, money & minutes - 5 main cost factors for the price of any goods/product & services in this world), not qualitative items like a sin, numbers of stars or demons or angels, body of God or angel, genie, love, recipe, metabolic or mystic illness, the beauty of artwork etc. which are no unit & tools/yardstick & benchmarks to measure the quantity accurately, except only for observation & assumption.
TLDR: Cost reports in construction are essential for assessing financial performance and tracking project costs, and can be generated by accounting software to provide a detailed breakdown of expenses. 00:00 📊 Cost reports in construction are essential for assessing financial performance, generated by accounting software and providing a detailed breakdown of project costs. 00:46 💡 Cost reports can be used for payments, financial reporting, and categorizing costs, and can be combined with pivot tables for examination and scrutiny. 01:17 💡 Project reference is used to differentiate costs between projects, with salaries and invoices allocated to the relevant project code and appearing on the cost report. 01:38 💰 Incorrectly booked costs are corrected through journal entries, and the cost component column helps track spending in labor, plant, materials, subcontract, and charges to understand project financials and address any issues. 02:22 💡 Companies track employee hours and project costs through electronic timesheets, with costs often grouped together and reflected at the end of the month, but some may be allocated to specific days or periods. 02:54 🏗 The Ledger item gives detailed information on the cost of works, including personnel, materials, and subcontractor costs. 03:29 💰 Cost reports in construction detail the actual spend fees, including multiple fees on the same project, and can be combined with pivot tables for categorization and reporting.
TLDR: The final account in construction projects is a crucial process that involves settling all financial matters, including variations, entitlement claims, and expenses, through joint and robust account preparation to reach a final agreement for full and final payment. 00:00 🏗 Final accounts are a crucial commercial milestone in construction projects, representing the agreed final payment between client and contractor. 00:54 🏗 Variations in construction works should ideally be proposed and agreed upon before reaching the final account stage, but in reality, there are usually contentious points to work through, such as rejected or disputed variations. 01:30 💡 Include all necessary documentation to prove the value of the works in the final account submission. 01:46 💡 Entitlement, loss and expense, and extension of time claims must be established with relevant documentation to justify additional money, and the sum claimed versus the sum payable needs to be assessed and listed. 02:14 🏗 Construction final account is the process of settling all financial matters at the end of a construction project. 02:15 💡 Organize a final account meeting to resolve any issues and agree on assessments, minimizing negotiations through joint and robust account preparation, resulting in a final account statement for full and final payment. 02:41 🏗 The final account in construction involves detailed audits of costs, representation of allowable and disallowable costs, and resolution methods for disagreements.
I am from srilanka 🇱🇰 . I passed advance level examination in physical science stream with chemistry, physics and combined maths subjects. I most like to be a Quantity surveyor. I'm thinking of going to higher national diploma in Quantity surveying in srilanka after A/L exam. what is the best way to achieve my ambition....🥰 And How can I get a digree in Quantity surveying......❤️❤️🤔
What are the international universities where I can get a quantity surveying degree? Can you tell me a little bit about the qualifications to be admitted to the degree?
We have provided a multitude of videos to support this question. One that may help was undertaken on another channel where we were a guest, please see attached ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Sx_XTM7bs9A.html
Hi, Unfortunately we are unable to provide support directly, however, we will most likely be creating a video soon on how to best place yourself in the US QS market
What I’m unsure with is that with a quantity surveying and commercial management degree you don’t really have many options but with a finance degree itself (not including economics) you have way more options after graduation, I just need a bit of help as idk if I’m wrong or right ?
The choice between a degree in Quantity Surveying and Commercial Management and a degree in Finance depends on your career goals and interests. Both fields offer distinct career paths and opportunities but within different industries. On the face of it, you are perhaps correct that Finance could potentially open more doors to different types of industries rather than merely just Construction.
Is it too late to get into this at 40? I'm 39 and starting an MSc in September as part of a career change. I will be 40 coming onto 41 once I am in the job market. Have you heard of anyone who became a QS this late? Doesn't seem to be much info out there. Will I have trouble getting a job etc? Thanks
We don't believe its too late at all! According to data online, the average age of a Quantity Surveyor is 55. It'd be great if you could reach out to prospective companies during your MSc too. Please remember, you'd likely be hired as a Graduate QS so your salary may be a little lower, however the progression in this field is great. We can definitely anticipate a solid QS salary within 3 years of qualifying. Best of luck on your journey. Definitely keep us updated as much as you can!
@@Metroun Thanks for your reply. Yes, I've prepared myself for the salary drop initially but hopefully it will pay off after a few years like you say. Will also reach out to companies whilst studying. Cheers!
Hi sir, I am from India. I am planning to study QS in university of Salford. I wanted to work in UK for a long duration. Is it possible to get a job in UK as a QS? Would it be advisable to study QS to get job opportunities?
It is possible yes. We have provided a multitude of videos to support this question. One that may help was undertaken on another channel where we were a guest, please see attached ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Sx_XTM7bs9A.html
In general terms; Instruction Issuance: The client issues instructions for work covered by provisional sums as the project progresses and details become clear. Quotations and Valuation: The contractor provides a quotation for the instructed work. The work is valued based on actual costs, quotations, or pre-agreed rates. Inclusion in Interim Payment Applications: The contractor includes the value of work done under provisional sums in their interim payment applications. Supporting documentation, such as invoices, receipts, and measurement records, is provided. Assessment and Certification: The contract administrator or client’s representative assesses the value of work done under provisional sums. They certify the amount to be included in the interim payment. Adjustment of Provisional Sums: Any variations between provisional sums and actual costs are adjusted in the final account. Unspent provisional sums are deducted from the contract price.
Thanks for your comment, we hope our videos are helping! We have covered some common interview questions in one of our other videos ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-KoOndQdEuD4.html - this may be of use!? Are you looking to get a job within the UK?
In the United Kingdom, building regulations are statutory instruments. Statutory law and statutory instruments are both important elements of the legislative framework in places like the UK, but they serve different roles and are created through different processes. Statutory Law: This refers to laws that are enacted by a legislative body, such as Parliament. Statutory laws, also known as Acts of Parliament, are primary legislation. They typically outline broad legal principles and frameworks. For instance, the Building Act 1984 is a statutory law that provides the overarching legal authority for regulating building standards in the UK. Statutory Instruments: These are a type of secondary or delegated legislation. Statutory instruments are used to set detailed regulations under the framework established by a statutory law. They are usually made by an individual or a body under powers given to them by an Act of Parliament. Statutory instruments can be used to fill in more specific details, update regulations, or adapt to new situations without needing to pass a new Act of Parliament. For example, the specific building regulations that enforce parts of the Building Act 1984 are statutory instruments.
@@Metroun Statutes and statutory instruments (delegated) are law. How have you come to the conclusion that "the building regulations are not themselves part of statutory law"
@@Metroun Statutory Instruments are just as much a part of the law of the land as an Act of Parliament. The Courts can question whether a Minister, when issuing an SI, is using a power he or she has actually been given by the parent Act but cannot question the validity of the Statutory Instrument for any other reason.
@@mdd1234 Thanks for the information. Its useful getting comments from experts in the specific field also. Please note, our channel is based on the profession of Quantity Surveying.
The entry requirements for a Higher National Diploma (HND) can vary significantly between institutions and specific courses. Generally, HND courses are more flexible about entry requirements compared to university degrees. The standard entry requirement usually includes a certain number of GCSEs (often five) at grades A* to C (or 9 to 4 with the new grading system) and sometimes specific A-levels for more specialised courses. I would suggest you speak with the educational provider to see if they can assist however.
@@Metroun currently in police force but want to get into electrical engineering for large company in US. Or UK. Think will try Resit a few gcse and take some more A levels with also resists. Just difficult working full time and studying. Think will try and apply for a good university for electrical engineering but most emailed me back wanting good range of gcse A* to B , 5 minimum (c minimum in Enlglish) but ideally 7 to 8 plus gcse. Also all good courses wanted A*AA to AAA and some experience to show interest in the course for personal statement. Think best spending 3 years prep to redo then apply. Have both UK and US passport but cheaper me study in UK and dream always to work for company like Nividia.
Hi mate, i may will start HND in computing from sep24. It’s actually worth? I mean it’s UNI’s first 2 years are better ? or same as HND ? I want to get a Bachelors degree too, am i secured to get the top up year after the HND? Thanks a lot!
Whether an HND (Higher National Diploma) is worth it or if you're better off enrolling directly in a university program for the first two years depends on various factors, including your career goals, the specific field of study, and your educational preferences. Here’s a breakdown of how HNDs compare to the first two years of a university degree, and the pathway from an HND to a bachelor's degree: HND vs. First Two Years of University Focus and Structure: HNDs are typically more vocational and focused on practical skills, designed to prepare you for specific jobs in industries like engineering, business, or creative arts. University courses, especially in the first two years, often provide a broader academic foundation and might include more theoretical study. Learning Environment: HND courses usually have smaller class sizes and more direct contact hours, which can be beneficial if you prefer a more hands-on learning approach. Universities may offer larger lectures as well as smaller tutorials and labs. Cost and Duration: HNDs can be less expensive than university degrees due to shorter duration (usually two years) and potentially lower tuition fees.
Great video again! Honestly you guys were a big part of my journey of getting foundation QS knowledge, which with further studies & my experience as a PM enabled me to transition to a QS. So thank you 🙏🏼👏🏼
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Hi Can I dispute with a client to go for an option E rather than A before I submit my tender. Reason be it that there is not enough clarity with their scope because of 3rd party they are dealing with. Moving some part of unfinished stage 1 work to stage 2 because of this contingencies. Can we change the contract option to E
Good day. I have question which is out of topic. My question is, what are the key disadvantages of having Escalation Clause in construction contracts? I m from military department and I have been given a study to assess whether to include Escalation Clause in high rise buildings Contracts or not. In my personal opinion I m not in favour of including this clause in contracts. Please let me know the major drawbacks with some references if possible. I shall be honoured & obliged. Best regards, Col Engineer Amjad Ali Ikram
Thanks for your comment! This would be a great idea for one of our future videos. We would need to research this more but initially some of the drawbacks could be: Cost Uncertainty, Administrative Complexity, Risk Allocation Issues, Impacts on Contractor Selection & Project Timelines.
