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Managing budget on a new build

  • 03-05-2017 9:56am
    #1
    Glowing
    Registered Users, Registered Users 2 Posts: 2,851 ✭✭✭


    Hi there,

    Quick question please re. the division of responsibilities when it comes to managing budget on a new build please.

    We hired a QS recently to complete a very detailed BoQ for tender for a New Build - and also have our architect on board to project manage the construction.

    We are wondering what happens when the build starts - do people normally hire the QS to manage the budget, does the client do it, or does this fall under the architect's remit? The builder will have his own QS ....

    The BoQ is HUGE. And I imagine tracking costs will not be a simple task. Though having said that, QS fees are fairly hefty.

    Thanks for sharing any experiences you may have.


Comments

  • #2
    Glowing
    Registered Users, Registered Users 2 Posts: 2,851 ✭✭✭Glowing


    Also if anyone could comment on the benefits and drawbacks of Blue vesrus Yellow RIAI forms of contract, it'd be much appreciated.


  • #3
    Tifosi
    Registered Users, Registered Users 2 Posts: 107 ✭✭Tifosi


    Glowing wrote: »
    Hi there,

    Quick question please re. the division of responsibilities when it comes to managing budget on a new build please.

    We hired a QS recently to complete a very detailed BoQ for tender for a New Build - and also have our architect on board to project manage the construction.

    We are wondering what happens when the build starts - do people normally hire the QS to manage the budget, does the client do it, or does this fall under the architect's remit? The builder will have his own QS ....

    The BoQ is HUGE. And I imagine tracking costs will not be a simple task. Though having said that, QS fees are fairly hefty.

    Thanks for sharing any experiences you may have.

    Glowing

    The QS will try to save your purse, the architect will try and spend it.

    You should be able to manage the costs yourself if you have a completed BoQ from your building, with this the contract is normally tied into the RIAI yellow form.

    Keep the QS in reserve if things get ugly or you require justification on variations. QS fees are normally reasonable so worth considering if you can't take on the task yourself.


  • #4
    Glowing
    Registered Users, Registered Users 2 Posts: 2,851 ✭✭✭Glowing


    Tifosi wrote: »
    Glowing

    The QS will try to save your purse, the architect will try and spend it.

    You should be able to manage the costs yourself if you have a completed BoQ from your building, with this the contract is normally tied into the RIAI yellow form.

    Keep the QS in reserve if things get ugly or you require justification on variations. QS fees are normally reasonable so worth considering if you can't take on the task yourself.

    Thank you for the reply.

    The architect has absolutely no reason to want to spend my money :) He's on a fixed fee as it is. Spec has been locked down 100% already and is outlined in the BoQ to a great level of detail.

    QS quote was surprisingly high actually! If he was not taken on board for the remainder of the project, who is responsible for tallying what was used on site versus what was costed in the BoQ? Is that the builder's QS? Is that only relevant if we used a Yellow Form?

    So confusing! Thanks.


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