Videos

Case study: valuing prolongation costs

How do you prove and value prolongation costs on a construction project?

Our experienced team, who regularly value prolongation costs for our clients, use a real-life case study to show you how we approach this and provide some top tips and practical guidance.

The webinar covered the following:

• What is prolongation?
• Typical contract clauses and relevant industry guidance.
• What is included in prolongation costs?
• The importance of delay analysis and ascertaining critical delay periods.
• Utilising cost data and delay analysis to calculate loss and expense entitlement.

RICS APC

Tom Haley provides an overview of the APC process before going into each of the 6 technical competencies in the quantity surveying pathway.

He focuses on the competence required at level 3 (advising), which is the standard required to pass the assessment, and gives you some guidance on how you might demonstrate the required level of competence.

As an APC assessor since 2015, Tom has practical knowledge that will benefit anyone who is either thinking about commencing their APC, currently working through their APC, or managing someone who is going through their APC.

NEC4: Compensation Events

Tom Haley and Andrew Shaw deliver a lunch and learn session on NEC4 compensation events, covering: an overview of the standard form provisions; notices you are required to give; relevance of early warnings; preparing quotations; and lessons learnt from our practical experience.

The Transformative Power of AI in Quantity Surveying

Tom Haley joined James Garner and Yoshi Soornak to talk about the impact of AI on the construction industry and how it can transform the role of quantity surveyors.

RICS Tech Partner discussion with Quantik

In this video discussion, Andrew Knight talks with Tom Haley from Quantik. The conversation delves into the wide-ranging influence of data and technology across the property life cycle. Quantik's vision is highlighted, combining traditional quantity surveying practices with innovative technology solutions. The discussion covers challenges in procurement processes, document management, and the need for industry-wide adaptation to technological advancements. Tom underscores the importance of utilising technology to enhance financial stability, particularly in monthly reviews and reporting. Overall, the conversation envisions a future for quantity surveying where minimal waste in data processing leads to heightened productivity and impactful decision-making. The following topics are discussed in this video:

• Quantik's focus on blending traditional quantity surveying practices with intelligent technology.
• Challenges in procurement processes and document management.
• Importance of capturing data for future design decisions.
• Addressing issues in monthly reviews for understanding project profitability.
• Utilising data systems and technology for financial reporting.
• Discussion on unsustainable business models in the construction industry.
• Need for industry-wide adaptation of technological advancements.
• Optimistic view of leveraging technology to reduce waste and enhance productivity.
• Importance of integrating technology with professional standards for improved outcomes.