Preview Questions Quantity Surveyor | Role Specific Skill

Question 1: In cost control, what would be the most appropriate action if you identify a significant budget variance at the midway point of a project?

Which action should you take?

Choose only one option

Suspend all non-critical work to save costs

Immediately request a cost-cutting plan from the contractor

Conduct a detailed cost analysis and adjust forecasts

Reduce contractor payment to align with the original budget

Question 2: What is the typical method for calculating the cost of materials in a bill of quantities?

Which action should you take?

Choose only one option

Fixed unit prices

Based on the market price of materials and unit rates

Materials are only accounted for after project completion

Materials are priced at a standard rate without adjustments

Question 3: How do you deal with a contractor requesting an extension of time for project completion due to unforeseen circumstances?

Which action should you take?

Choose only one option

Automatically approve the extension

Review the contractor's request, assess its validity, and adjust the project timeline if necessary

Approve the extension without reviewing the cause

Deny all extension requests unless they are critical

Question 4: How should a Quantity Surveyor manage inflation risk in long-duration projects where material prices are volatile?

Which action should you take?

Choose only one option

Ignore inflationary trends and focus on the initial estimate

Accept that inflation will not significantly affect the project

Include a price escalation clause in the contract and adjust the budget periodically

Allocate contingency funds for any potential cost increases

Question 5: What is the most effective way to ensure the timely submission of construction documentation and permit approvals during the project initiation phase?

Which action should you take?

Choose only one option

By relying on third-party intermediaries to facilitate approvals

By using project management software to track approvals and submissions

By setting clear deadlines and following up with regulatory bodies

By allocating buffer time for approval delays

Question 6: In assessing market risks such as economic downturns, what method can be used to estimate their potential impact on project costs?

Which action should you take?

Choose only one option

By adjusting cost estimates with inflation forecasts

By factoring in local economic indicators and adjusting budgets

By applying a scenario analysis to model different market conditions

By including a fixed risk margin for economic fluctuations