Archive for March, 2010

Royal Institution of Chartered Surveyors (RICS) – Memorandum of Co-Operation (MOC)

ICEC & the RICS have a Memorandum of Co-Operation (MOC) that was signed on 27 June 2012 during the 8th ICEC World Congress in Durban, South Africa. Click here for details of the MOC agreement.

More details about the RICS can be found at:www.rics.org

What are Cost Engineering, Quantity Surveying and Project Management?

Cost Engineering and Quantity Surveying have similar and highly overlapping functions.
Quantity Surveying relates more to building design and construction, while Cost Engineering relates more to engineering projects and processes. However, Cost Engineers and Quantity Surveyors commonly work in both areas.
Cost Engineering and Quantity Surveying differ primarily in the route taken to professional qualification, not to any substantive difference in the two professions.
Project Management overlaps both Quantity Surveying and Cost Engineering in the project cost management area to some degree but most Project Management functions are quite different from those of Cost Engineering and Quantity Surveying.
The following document summarizes the conclusions of discussions held at ICEC International Congresses and endeavors to compare the similarities and differences between the three professions, in terms of cost management matters only.
A definition of entire scope of Project Management activity is not intended, nor should it be inferred, from this document.

» Read more: What are Cost Engineering, Quantity Surveying and Project Management?