Valuation of Construction Work
In most construction contracts, the contractor is paid monthly. The quantity surveyor will value the work carried out each month on the project and submit a recommendation for payment.
The quantity surveyor will stay with the project right to the settlement of the accounts, when all necessary adjustments are dealt with. The surveyor will also prepare any analysis of the final account which may be required, prepare statements of expenditure for tax or accountancy purposes, and assess the project's replacement value for insurance.