QS Costings versus The Real World Query?

[eandg]

Having spoken with a lender today I'm a wee bit worried about this as they check your plan against QS costs - which is all good and sensible but if you expect to, and are budgeting for, coming in say 20% below then that may well leave you a bit tight on what you can borrow. Any real world experience of that?

[Powerjen]

On 29/05/2019 at 19:05, PeterW said:

I’ve got my QS spreadsheet that I can share @Powerjen

 

Like @Bitpipe I had a full QS done by one of the online estimating companies who provided it as PDF. I then took that and converted it to Excel and created a number of lookups so you can change the labour rates etc. Probably took me half a day but was worth it as was used for a number of things including cost reduction and also to look at stages and progress. 

@PeterW and @Bitpipe can I ask who you used as your online QS please? Looks like I might need them. Thanks. 

[PeterW]

19 minutes ago, Powerjen said:

@PeterW and @Bitpipe can I ask who you used as your online QS please? Looks like I might need them. Thanks. 

 

I use Estimators Online

[Powerjen]

14 hours ago, PeterW said:

 

I use Estimators Online

Thanks PeterW. I have created an account and just waiting to hear back if they can do each numbered item on the plan separately so we can see what we can and can't afford to do. 

[coconutsaregood]

QSs do not generally have the finer inside knowledge to give accurate estimates on single private house projects that are worth less than around £400k. They can provide a document (bill of quantities) that can accompany the specification to get tenders that are on a "level playing  field" even before the drawings are finished. But the fee is difficult to justify on low value contracts.

Edited February 19, 2020 by coconutsaregood
too much information.