The current construction Greek market is experiencing heightened volatility, driven by increased demand, supply chain disruptions, and a persistent shortage of skilled labor. As a result, many contractors are already operating at full capacity, juggling multiple active projects.

In this climate, contractors are becoming highly selective about the new tenders they pursue. Rather than aggressively competing for every opportunity, they often choose to overprice new bids. This approach reflects a clear strategy: if they are to take on additional risk and stretch their limited resources further, the reward must be significantly above average. Unless a new project promises exceptional profitability, many contractors would rather pass.

For developers and investors, this presents several challenges:

• Unrealistically high bid prices may distort budget forecasts
• Reduced competition among contractors can weaken the negotiation position
• Projects risk delays in mobilization due to resource scarcity

A Quantity Surveyor (QS) plays a crucial role in supporting investors and developers throughout the lifecycle of a construction project. Here’s how a QS can add value:

1. Early Budget Clarity

A QS provides detailed cost estimates from the earliest design stages, enabling investors to understand the financial implications of design decisions and avoid surprises later in the project.

2. Feasibility & Cost Planning

They prepare feasibility studies and cost plans based on benchmarking and market data. This helps investors determine whether a project is viable — and how it can be shaped to fit the desired return on investment (ROI).

3. Risk Mitigation

By analyzing project risks — such as scope gaps, inflated contractor pricing, or material cost volatility — a QS helps investors make informed decisions and put controls in place before risks become problems.

4. Procurement Strategy

QSs guide investors on the most suitable procurement route for their goals — whether it’s lump sum, cost-plus, design & build, or construction management. This ensures value for money and reduces legal or contractual exposure.

5. Tender Management & Contractor Evaluation

They manage the tender process, analyze bids, and evaluate contractor proposals not just for price, but for completeness and risk. This safeguards the investor from overpricing, scope issues, or unreliable partners.

6. Change & Claims Control

During construction, the QS manages variations, reviews contractor claims, and ensures that only justified changes are paid. This protects the budget and prevents financial erosion due to uncontrolled scope creep.

7. Financial Reporting & Oversight

Through regular cost reports, cashflow forecasts, and performance tracking, the QS keeps the investor informed and in control of the project’s financial health.