Architecture / June 26, 2018 /
The location of the project will influence its cost. High value sites attract high value developments and it is inappropriate to locate low value projects on valuable sites. Local development plans will constrain what can be built on such sites in any case. In general, urban locations are more expensive than their rural equivalents due to higher local wages, costs associated with access constraints, limited space for staff accommodation facilities and material storage, and the additional security measures required.
The relationship of quality to cost is often expressed in the saying that you get what you pay for. Cost is a critical factor in most building projects and some clients will seek a low price. Low price and maximum price competition, however, often have negative impacts on quality standards and achieving best value for money overall. In the current economic climate below cost tendering has heightened the risk of contractor insolvency and it may be difficult and expensive to obtain protection from this risk. Unrealistic and inadequate budgets often lead to projects becoming finance driven where cheaper options are preferred to better or more sustainable alternatives. Certain clients may have fixed budgets which may not be exceeded in any circumstances. In such circumstances the client will expect the quantity surveyor to maintain rigorous cost control during the project in order to deliver the project within budget. Designing to achieve such cost limits might curtail the introduction of beneficial features and or variations which may result in excessive running and maintenance costs later on.