Home » Real Estate » Engage quantity surveyors to minimize cost, NIQS urges govt
NIQS

Engage quantity surveyors to minimize cost, NIQS urges govt

Mr. Ayuba Akere, Chairman, Nigerian Institute of Quantity Surveyors (NIQS) Lagos Chapter, has urged all tiers of government to engage the services of quantity surveyors in capital projects, housing and road constructions to minimise costs.

Akere gave the advice in an interview in Lagos on Friday.

According to him, quantity surveyors will help to monitor and evaluate the costs of projects to ensure that the allocated funds are properly used to achieve the targeted objectives.

He said that quantity surveyors were cost managers and evaluators, who specialised in expenditure and cost assessment to ensure that incurred/proposed costs were justifiable.

Akere said: “The continuous mismanagement of government’s funds allocated to projects is as a result of absence of professional quantity surveyors to evaluate and monitor the cost aspects of the projects.

“In Nigeria, the government has allocated huge sum of money to some particular capital projects for more than five to 10 times, yet such projects have not been executed.

“If the quantity surveyors are involved in handling the costing of such projects, they will ensure that maximum value is derived from every expense incurred.

“This is because cost evaluation, expenditure management and rendering of cost advice are the major areas of job description of quantity surveyors.’’

He said that there was the need to involve quantity surveyors in all aspects of government’s cost management, particularly now that there was economic meltdown in the country.

Akere said that if developers, corporate organisations and private individuals engaged the services of quantity surveyors to evaluate the cost of their projects, losses and excessive cost/expenditure would be reduced in the country.

Credit: Daily Trust

Leave a Reply

Your email address will not be published. Required fields are marked *

*