Quantity Surveyor claims commonly arise when another party alleges that professional advice or services contributed to unexpected financial loss.

The following are examples of the types of allegations that can occur.

Incorrect cost estimates #

A client may allege that a project proceeded on the basis of an inaccurate or unrealistic cost estimate and later exceeded the expected budget.

Progress payment or valuation disputes #

A Quantity Surveyor may be criticised for allegedly overvaluing or undervaluing completed work when assessing progress claims.

This can become particularly contentious if a builder becomes insolvent or work is defective or incomplete.

Variation disputes #

Disagreements can arise about the value or treatment of variations to construction work.

A party may allege that a variation was incorrectly assessed or that its financial impact was not properly identified.

Final account disputes #

Errors or disagreements in final account calculations can lead to disputes between principals, contractors and consultants.

Contract administration allegations #

Where a Quantity Surveyor performs contract administration duties, claims may involve alleged failures to properly administer payment, variations, notices or other contractual processes.

Cost reporting and financial advice #

Clients or financiers may also allege that inaccurate reports caused them to make decisions based on incorrect project cost information.

These are examples only. Whether a particular allegation is insured depends on the facts and the Professional Indemnity policy.

Any claim or circumstance that could reasonably lead to a claim should be notified promptly.