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🔥 Mind-blowing facts about the secret life of buildings that no one's talking about! In this episode, we dive deep into why your building might be eating up more energy than a small city - and what you can actually do about it.
You'll discover:
The shocking truth: 85% of your building's energy waste happens AFTER construction 🤯Why those "eco-friendly" materials might not be as green as you thinkThe simple tricks that can slash your energy bills by 30% (without breaking the bank)Wood vs. Steel vs. Concrete: The ultimate showdown you never knew you neededThe recycling hack that could save nearly 40% of your building's carbon footprintWhether you're a homeowner, architect, or just someone who pays utility bills (aka everyone), this episode will change how you think about buildings forever.
Plus: We break down complex building science into bite-sized, actionable tips that actually make sense. No PhD required! 🎓
Don't forget to smash that like button and hit subscribe for more mind-bending content about the world around us! 🔔
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In this episode, we explore the Royal Institution of Chartered Surveyors' (RICS) 2024 update on construction acceleration. Learn what acceleration means in the construction industry, the practical methods to achieve it, and how to navigate the complexities of acceleration agreements. Whether you're a contractor, project manager, or quantity surveyor, this podcast will help you understand the risks, costs, and benefits of accelerating project timelines while maintaining quality and compliance. Tune in for expert advice and real-world applications to enhance your construction projects.
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You can join my free QS Community on Circle here: https://quantity-surveyors-community.circle.so/join?invitation_token=d01659fb417a6d0bb66a141860db830463e11838-b58c7d98-e71c-4404-b38e-e1a131007fb4
Join us as we explore the intricacies of the FIDIC Dredgers Contract, a crucial document for contractors and engineers involved in dredging and land reclamation projects. In this episode, we break down the key elements of the 2006 edition, covering general conditions, adjudication rules, and guidance notes that are vital for ensuring the success of such specialized projects. Whether you're a seasoned professional or new to the field, this discussion offers valuable insights into the contract's structure, its application, and how it helps safeguard both contractors and employers.
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You can join my free QS Community on Circle here: https://quantity-surveyors-community.circle.so/join?invitation_token=d01659fb417a6d0bb66a141860db830463e11838-b58c7d98-e71c-4404-b38e-e1a131007fb4
In this episode, we explore into the second edition of RICS's "Appropriate Contract Selection," a must-have resource for professionals in the construction and infrastructure sectors. This comprehensive guide provides critical insights into selecting the right contract for every type of project, whether in the public or private sector. We will walk you through the key procurement routes commonly used in the UK, such as traditional, design and build, and management contracting, and discuss how these impact contract choice. You’ll also learn how to balance risks, streamline tendering processes, and ensure contracts align with project goals and timelines.
We’ll explore the practical applications of these contracts, including how to handle amendments, execute contracts, and consider factors like liability duration and jurisdictional requirements. Whether you're an employer looking to engage a main contractor, or a contractor managing sub-contracts, this episode is packed with actionable advice to help you avoid common pitfalls and ensure successful project delivery. Tune in to get expert advice on choosing the most effective contracts and strategies that can save you time, money, and resources in your next project.
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In this episode we jump into the future of construction with our latest podcast, where we unpack the Pilot Version Standard—a game-changer in digital construction and sustainable building practices. Learn how this innovative framework is setting new benchmarks for efficiency, environmental responsibility, and project management. Whether you’re a construction professional or an industry enthusiast, discover how this standard is reshaping the way we build faster, smarter, and greener. Stay ahead of the curve and be part of the revolution!
You can also join my free QS Community on Circle here: https://quantity-surveyors-community.circle.so/join?invitation_token=d01659fb417a6d0bb66a141860db830463e11838-b58c7d98-e71c-4404-b38e-e1a131007fb4
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In this episode, we dive deep into the world of construction contracts and retention with guidance from the Royal Institution of Chartered Surveyors (RICS). We'll explore the essential principles of retention, including the legal foundations, reasons for retention clauses, and how they function across different contract types like JCT, NEC, and FIDIC. Learn about common issues such as financing, insolvency, and defects rectification, and gain practical advice on applying retention clauses in real-world scenarios. Whether you're a contractor, project manager, or construction consultant, this episode is packed with insights to help you navigate and manage retention effectively in your projects.
You can also join my free QS Community on Circle here: https://quantity-surveyors-community.circle.so/join?invitation_token=d01659fb417a6d0bb66a141860db830463e11838-b58c7d98-e71c-4404-b38e-e1a131007fb4
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Cost Reporting FAQBased on RICS Professional Guidance
1. What is the main purpose of cost reporting in construction projects?
The primary purpose of cost reporting is to provide the client with clear and accurate information about the projected final cost of the construction project. This forecast, also known as the "outturn cost", can be presented as a direct figure or as a variance against the pre-determined budget.
2. What key factors influence the final construction cost (outturn cost)?
Several factors can impact the final project cost. These include:
Fixed Costs: Costs agreed upon for defined work and services outlined in the contract.Variable Costs: These costs can fluctuate and encompass:Provisional Sums: Allowances for undefined or partially defined work.Prime Cost Sums: Adjustments for work where the full specification is determined later.Daywork Allowances: Costs for labor, plant, and materials for ad-hoc work.Variations: Changes to the original contract, including:Contract Instructions: Formally issued changes to the work.Anticipated Instructions/Early Warnings: Changes expected but not yet formally issued.Loss and Expense: Additional costs resulting from delays or disruptions.Fluctuations: Adjustments to address market price changes in materials, labor, etc.Risk Allowances: Funds set aside to cover unforeseen circumstances.3. How frequently should cost reports be prepared and issued?
While project-specific needs and client preferences can influence reporting frequency, the industry standard aligns with the typical monthly payment cycle. Therefore, monthly cost reporting is recommended to ensure the client remains informed about cost movements.
4. Why is it beneficial to have separate cost reports for different budget holders?
Dividing the cost report into sections for each budget holder (e.g., architect, structural engineer, services engineer) allows for clearer accountability and cost control. Each stakeholder can monitor their specific area of responsibility, making it easier to identify potential overruns or savings early on.
5. How should risk allowances be managed and reported throughout a project?
It's generally advisable to use specific risk allowances for identified potential cost risks rather than relying on a general contingency. As the project progresses and actual costs become clearer, the corresponding risk allowances should be reduced. Any remaining funds can be released to the client or allocated to other project needs.
6. What are some recommended ways to handle loss and expense claims from contractors within cost reporting?
Transparency is key. The cost report should clearly indicate the amount the contractor is claiming for loss and expense. If the quantity surveyor is tasked with assessing the validity of these claims, their findings should also be included. It's essential to communicate to the client that assessing loss and expense can be complex and may require detailed information from the contractor, potentially delaying a final assessment.
7. How should Value Added Tax (VAT) be addressed in cost reports?
To avoid confusion, cost reports should clearly state that all figures are exclusive of VAT. The specific VAT implications for a project are dependent on various factors related to the client, the project itself, and the prevailing tax regulations.
8. What is the significance of the quantity surveyor's presentation of the cost report to the client?
Direct communication is crucial for effective cost management. Simply sending a cost report via email or post can lead to misunderstandings. By presenting the report in person, the quantity surveyor can clearly explain cost fluctuations, potential risks, and opportunities for savings, leading to more informed decision-making by the client.
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The importance of a professional, modern resume: In a competitive job market, a well-crafted resume is crucial for making a strong first impression and showcasing your skills and experience as a quantity surveyor.Join the QS Community for free here:
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