Financial Services

Why do you need the help of a quantity surveyor?

Financial Services

Quantity surveyors have a significant role in the property and construction sector. They are cost accounting specialists who specialise in analysing, understanding, and reporting the costs associated with construction projects. They also take a varied role because, in order to provide strategic advice, they must be part designer, part estimator, part contractor, part engineer, and part mediator.

Experienced quantity surveyors must carefully take into consideration every issue concerning project schedules, costs, and budget when planning, estimating, and reporting cost data. If you want to know more about quantity surveying and its importance to a construction project, you can visit this page: https://www.asseteconomics.com.au/.

https://www.asseteconomics.com.au/

What do quantity surveyors do?

Quantity surveyors are in charge of estimating, managing, and monitoring all costs associated with civil engineering and building projects. This includes the project’s feasibility stage until the completion of the construction. After construction, a quantity surveyor will proceed with tax depreciation surveying, tax depreciation schedules, and replacement estimations costs which will be used for insurance purposes. They may also provide arbitration and mediation when it becomes necessary.

Three key objectives of quantity surveyors

Quantity surveyors deliver their services with these objectives in mind.

  • Help their clients achieve the best value for their money
  • Help keep expenditures within the allocated budget for each segment or element of the project
  • Help establish a balanced expenditure between the different segments or elements of the project

Benefits of using a quantity surveyor

Here are some advantages of hiring the services of a quantity surveyor.

  • Knowledge and expertise. Experienced quantity surveyors can help provide you with a fresh perspective and ideas on how to view things, which you may have otherwise overlooked or dismissed. This new perspective may also help you solve a problem even before it happens.
  • Money savings. It’s easy for projects to go over the timeline and budget. But with the help of construction quantity surveying services, you can keep a precise projection of the costs required to complete the project on time. So, a quantity surveyor can help keep you stay within budget, which can save you more money throughout the project.
  • Accurate cash projections. Quantity surveyors are in charge of managing the finances of your construction project. This means they can help you get a more precise cash projection for your construction project. So, what does that mean? It means you get to plan your budget in advance, which is a huge advantage in the construction sector.

Concluding thoughts

Quantity surveying is, without a doubt, an important part of any construction project. So, you should really invest in reputable companies who offer such services to help protect your investment property.

The quantity surveyors of Asset Economics are all trained and experienced professionals. Their team of quantity surveyors knows precisely what is needed and expected of them, as well as how to turn a project into a success. To know more about them, you can visit their website at https://www.asseteconomics.com.au/.

The advantages of hiring an outsourced chief financial management officer (CFO)

Financial Services

A chief financial management officer (CFO) can help you in a lot of ways, and these include creating market strategies, increasing your profit, and managing negotiations with your suppliers and customers. It is also good to know that you can hire an outsourced CFO when you want to acquire one. Before learning the details, you can first check the process so you can get a hand of how it works by accessing this page: http://www.unisonfm.com.au.

http://www.unisonfm.com.au

There are two ways of acquiring a CFO. The first one is to hire your own company CFO. The second one is to find companies that offer these professionals to do the financial management for you. According to a survey, a lot of start-up and established companies prefer outsourcing because of the business tools and expertise they can gain from it.

Here are the advantages of hiring an outsource CFO:

Outsourced CFOs are less expensive

When hiring a full-time CFO, you still need to invest money by keeping them up to date on the latest trends in the market. These include seminars, conference, and resources related to their work. You also need to pay their taxes and other benefits to follow the standard employment set by the government.

On the other hand, an outsourced CFO needs only to be paid for the services that they provide. You don’t have to pay for taxes and work-related resources. They are already trained and fully updated with the latest market trends. Thus, no more additional expenses for you.

You can balance time and focus

It can’t be avoided that managers take up other tasks that are not lined up with their job description. With too many tasks in hand, they will have a hard time focusing on their real job which will then end up getting delayed on deadlines.

With an outsourced CFO, you don’t have to worry about not finishing financial management tasks on time. They dedicate all their hours working for you and producing the results that you deserve. Since they are not working inside the company all the time, they won’t be pulled into other projects which will give them time to focus on improving your business finances. You can find the list of jobs and services an outsourced CFO can provide by accessing at Unison Financial Management.

You can easily handle big projects

When you are planning to expand and launch a much bigger project that needs a large scale of data mining and financial data gathering, your full-time CFO might not be able to handle it. It is because the CFO might not have the experience or tools fit for the job.

Unlike full-time CFOs, outsourced CFO are not limited by the company’s business tools. They are equipped with their own tools and resources they have gotten over the years of doing the job with previous clients and companies.

Plenty of companies are now switching to virtual CFO services to manage their business finances. If you want to find out more information about this, you can visit https://unisonfm.com.au.