The Role of the Quantity Surveying Profession The origins of the Quantity Surveyor (QS) profession can dated back during the 19th century where from the earlier "measurer"‚ a specialist tradesman‚ who readied schedules for a building project in which all of the construction materials and labour activities and were quantified. Based on this information‚ competing builders could submit priced tenders. Because all tenders were based on the same schedule of information‚ they could be easily compared
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A bill of quantities (BOQ) is an itemized list of materials‚ parts‚ and labor (with their costs) required to construct‚ maintain‚ or repair a specific structure. It is a document used in tendering in the construction industry in which materials‚ parts‚ and labor (and their costs) are itemized. It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding. The term Bills of Quantities
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of the quantity surveyor. Tips: Highlight the key points Identify duties/ roles/ responsibilities/ obligations/ steps to be taken in each case – as a QS Relate to reasonable standard of skill and care Relate to expected standard (if below expected standard may cause negligence) Cite relevant cases A Quantity Surveyor (QS) is a professional which is essentially construction accountant who manages the financial costs and contracts within construction industry. A Quantity Surveyor
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Minimum quantity lubrication (MQL) presents itself as a viable alternative for hard machining with respect to tool wear‚ heat dissertation‚ and machined surface quality. This study compares the mechanical performance of minimum quantity lubrication to completely dry lubrication for the turning of hardened bearing-grade steel materials based on experimental measurement of cutting forces‚ tool temperature‚ white layer depth‚ and part finish. The results indicate that the use of minimum quantity lubrication
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Quantity theory of Money QTM is the crux of the classical monetary thoughts which proclaims the idea of a unique functional relationship between money and prices. The classical author J.S.Mill‚ “ the value of money‚ other things be the same‚ varies inversely as its quantity; every increase of quantity lowers the value and every diminution raising it in a ratio exactly equal” . The QTM implies that the quantity of money brings about a directly proportionate change in the price level and
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CHANGE IN QUANTITY DEMANDED: A movement along a given demand curve caused by a change in demand price. The only factor that can cause a change in quantity demanded is price. A related‚ but distinct‚ concept is a change in demand. A change in quantity demanded is a change in the specific quantity of a good that buyers are willing and able to buy. This change in quantity demanded is caused by a change in the demand price. It is illustrated by a movement along a given demand curve. In fact‚ the only
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relationship between price and quantity supplied. Positive relationship means that the two variables changes in the same directly. This concept can apply in this article because when government increases the sugar subsidy‚ the cost production of sugar will decreases. Hence‚ the supply of sugar will increase. This change will cause the supply curve shift to the right. Suppy of Sugar Price The supply curve shift to right Quantity Supllied Secondly
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A quantity surveyor (QS) is a professional working within the construction industry concerned with building costs.The profession is one that provides a qualification gained following formal education‚ specific training and experience that provides a general set of skills that are then applied to a diverse variety of problems.[1] Predominantly these relate to costs and contracts on construction projects. Other areas in which QS find employment include property surveys for hidden defects on behalf
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Is the Best Type of Marketing Research? Quantitative versus Qualitative marketing research Market research may be classified as either ‘quantitative’ or ‘qualitative’. Whereas the former focuses on tangible and measurable traits of a market (‘quantities’)‚ the latter places more emphasis on “understanding rather than simple measurement” (‘qualities’) (Both types of market research have their respective associated costs and benefits. As such‚ it would be short sighted to say that one can or cannot
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THE ENVIRONMENT AND THE QUANTIRY SURVEYOR ASSIGNMENT 1: ESSAY QUESTION 3: Quantity Surveying Business Strategy “If it’s not adding value‚ bin it.” [Source: Quantity Surveyors Division of The RICS (1998)‚ The Challenge of Change: QS think tank 1998: Questioning the future of the profession‚ London: RICS Publication] Quantity surveying is one of the most crucial professions in construction and building industry. Quantity surveyor‚ also known as Cost Engineer or Construction Economist works together
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