Financial Stewardship in Volatile Construction Markets
Construction projects are inherently risky, but when material costs fluctuate by double digits within a single quarter, traditional budgeting methods fall short. Financial stewardship at SRSQS means moving beyond cost-counting to active risk management.
The Role of the Modern QS
The role of the Quantity Surveyor has evolved. We are now strategic financial advisors who must anticipate market volatility before it impacts the site. This requires sophisticated benchmarking and a deep understanding of global supply chain dynamics.
Contingency Reimagined
Contingency is often treated as a generic percentage. We advocate for a risk-adjusted contingency model that specifically targets the most volatile elements of a project, such as structural steel and specialized MEP components.
Strategic Procurement
Advocating for early procurement of long-lead items is one way we help clients lock in prices and protect their margins. In a volatile market, time truly is money.