What is the difference between a Quantity Surveyor and a Valuer?

Question

Accepted Answer

A Quantity Surveyor focuses on estimating and managing construction costs, while a Valuer determines the value of properties.

Quantity Surveyors are involved in cost estimation, budgeting, and financial management of construction projects.
Valuers assess the value of properties, considering factors like location, condition, and market trends.
Quantity Surveyors work closely with architects, engineers, and contractors to ensure projects stay within budget.
Valuers provide property valuations for various purposes, such as buying/selling, insurance, taxation, or mortgage lending.
Quantity Surveyors use their knowledge of construction materials, labor costs, and market rates to prepare accurate cost estimates.
Valuers rely on their expertise in property markets, valuation methods, and legal regulations to determine property values.
Example: A Quantity Surveyor may estimate the cost of materials and labor for a new building project.
Example: A Valuer may assess the value of a residential property for a potential buyer.
Example: Quantity Surveyors may be involved in negotiating contracts and managing project finances.
Example: Valuers may provide valuation reports for banks to determine the loan amount for a property.

Accepted Answer

both Quantity Surveyors and Valuers work in the construction industry, their roles and responsibilities are different. Quantity Surveyors deal with the cost and management of construction projects, while Valuers focus on the appraisal and valuation of properties and assets.

What is the difference between a Quantity Surveyor and a Valuer?

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