Quantity Surveying, Cost Planning & Estimating

Quantity Surveyors, Cost Planning and Estimates

As Quantity Surveyors and Construction Cost Experts, Walton Smith Consultants are acutely aware of our clients need for accurate and timely cost planning advice. We have worked closely with financial institutions, builders and developers on projects ranging from $1- $50 million.

Our cost planning and estimating services are based on detailed measurement and pricing from the available project documentation in conjunction with our experience on a range of Industrial, Residential, Commercial, Civil, Health Care and Government projects.

Cost Planning Process

We have identified five key stages in the cost planning process. These include:

  1. Budget Estimate Advice- Budget estimate advice can be prepared from a project idea or concept and provides a basis for setting realistic project budgets and cost constraints.
  2. Cost Plan 1 (Development Approval)- A Cost Plan at the DA stage of a project is prepared when the composition of the building is better known. This is because main planning issues have been resolved, however finishes provisional items etc may not have been finalised.
  3. Cost Plan 2 (50% documentation)- Once documentation has reached approximately 50% of the final design, structural components such as sub-structure details and super-structure details are better known.
  4. Cost Plan 3 (Pre-tender or Construction Certificate)- Pre-tender estimates indicate the expected project cost accurately from complete project documentation. It is an independent point of comparison once tenders have been received from builders.
  5. Tender Analysis- Once tenders have been received from potential builders, each tender is analysed to ensure an "apples with apples" comparison can be established. Selecting the lowest tender is not always the best option. What if the scope of their tender differs to that of those with a higher price, or worse still, they have missed a crucial cost item in their tender? These risks can be mitigated by the tender analysis stage of the cost planning process.

These stages can be tailored to individual projects, depending on the project type, client requirements and the level of detail required.

The Cost Planning and Estimating can also identify construction cost savings, by analysing alternative materials and construction techniques available. 

What is a Quantity Surveyor?

A Quantity Surveyor estimates and monitors construction costs, from the feasibility stage of a project through to the completion of the construction period. After construction they may be involved with tax depreciation schedules, replacement cost estimation for insurance purposes and, if necessary, mediation and arbitration.

Quantity Surveying Services

Walton Smith Consultants are Construction Cost Consultants and Quantity Surveyors servicing Dubbo, Orange, Bathurst, Mudgee, Parkes, Forbes, Wellington, Coonabarabran, Cobar, Narromine, Gilgandra, Warren, Blayney, Coonamble and all areas of Regional NSW.

We provide quantity surveying services for all types of project developments ranging in price from $1m to $50m.

Latest From the Blog...

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    Walton Smith Consultants - Pleased to be apart of the New Clancy Jaguar and Land Rover Project!

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    We are pleased to see the completion of the Clancy Jaguar and Land Rover project in Wheelers Lane, Dubbo. Walton Smith Consultants were the quantity surveyor for the project, involved in initial reports for the bank, progress payment reports throughout the project and the preparation of a tax depreciation schedules on completion, thus allowing for the maximum tax deductions for the dealership. Clancy Jaguar and Land Rover now has a modern new showroom and office, with aluminium cladding and glazed exterior finish. There is an undercover display area and the project was completed in approximately 6 months. Walton Smith Consultants is pleased to be part of the team to bring this project in regional New South Wales to completion.

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    Another Successful Regional Project For Walton Smith Consultants, Quantity Surveyors

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    Quantity surveying is an important part of the building construction process. Walton Smith Consultants  was invited to attended the Grand Opening of another regional project in Dubbo, where they were engaged as Quantity Surveyors to manage the project from the beginning, through the construction phase and until completion. Walton Smith Consultants prepared the initial reports for the bank and progress payment reports throughout the construction phase.
    Midwest Foods, a local wholesale food distributor, had their Grand Opening a month ago in their new larger complex, at Capital Drive in Blue Ridge Business Park. Several hundred people attended over the course of the day and it was a huge success. Walton Smith Consultants also produced a tax depreciation schedule allowing  for maximum tax deduction for Midwest Foods.
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    Walton Smith Consultants - Winners of a silver Rhino Business Award.

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    Walton Smith consultants were thrilled to receive a silver "Rhino Award" in the category of ‘Excellence in Work, Health & Safety.’ at Dubbo’s annual business awards.

    The "Rhino Awards" are Dubbo’s annual prestigious business awards which are presented by The Dubbo Chamber of Commerce and Industry Inc. These are presented each year to highlight the city's most outstanding businesses.

    The Rhino, which is used as the logo, reflects both the fact that Dubbo is home to the Taronga Western Plains Zoo, and symbolises the strength of our local business community. The presentation night is one of the city's most prestigious annual events, a time when the city's business community honours its most outstanding performers in a number of categories.

    This particular award is awarded to a business that demonstrates outstanding commitment to Work Health Safety in the workplace.

    Our fabulous building inspector Andrew takes pride in his work when carrying out a Pre-Purchase Inspection and is always going that step further for our clients. You might spot him travelling all around regional NSW including towns such as Dubbo, Orange, Molong, Parkes, Forbes, Canowindra, Nyngan, Coonamble, Coonabarabran, Mudgee to name a few.

    This award reinforces our company’s commitment in excellence in all work we do.

Members of the Australian Institute of Quantity Surveyors (AIQS) and the Master Builders Association (MBA)

Master Builders NSW

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