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Building Economist Liability Study

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Research background
The quantity surveyor plays the role as a building economist who gives advices to clients and architects regarding cost and alternative design to ensure that the total amount of project budget stays within the range as agreed in the contract (Seeley, 1997).
The RICS (1998) has established the requirements of competencies by sorting out the competencies into three categories: basic, core and optional. The basic competencies include personal and interpersonal skills, business skills, information technology, professional practices, law, management and mapping. The core competencies which are essential to the quantity surveyors are construction contract practice, construction technology and environmental services, economics …show more content…

These include the growing volume of construction demand and activity in many countries which is resulting in severe pressure on resources (Ofori, 2003); increased private-sector participation in infrastructure projects (Raftery et al., 1998); and lack of quality people and an ageing workforce (Songer et al., 2006). The construction industry consists of numerous stakeholders like client, design professional, contractors and operational teams. The number of stakeholders participated increases as the projects are becoming larger and more complex in nature (Ofori and Toor, 2009). Clients are also becoming more knowledgeable and hence more demanding and selective in what they want from consultants and to whom they award the work (Preece et al., …show more content…

L., Lee, W. P., Lim, C. C. (2012). The roles of graduate quantity surveyors in the Malaysian construction industry
Smith, P. (2004). Trends in the Australian Quantity surveying Profession: 1995-2003. ICEC 4th World Congress, Cape Town, South Africa, 17-21 April
Stacey, N. and Wood, B. (1996). An analysis of potential future demand for building surveying services. COBRA 1996. RICS Research.
Royal Institution of Chartered Surveyors. (1998). The APC Requirements and Competencies, Royal Institution of Chartered Surveyors, London.
Seeley, I. H. (1997). Quantity Surveying Practice Second Edition. The Building Team and the Design Process (pp.36-65). London: Macmillan Press Ltd.
Thayaparan, M., Siriwardena, M., Amaratunga, R., Malalgoda, C., & Keraminiyage, K. (2011). Lifelong learning and the changing role of quantity surveying profession. Paper presented at the Pacific Association of Quantity Surveyors Congress 2011, Colombo, Sri Lanka.
Toor, S.R. and Ofori, G. (2008) ‘Leadership in the construction industry: Agenda for authentic leadership’, International Journal of Project Management, 26(6), 620-630.
Ofori, G. (2003) ‘Frameworks for analysing international construction’, Construction Management and Economics,

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