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Can Quantity Surveyors be insured for project management or contract administration?
AI Doc Summarizer Doc Summary

Quantity Surveyors sometimes provide services extending beyond traditional estimating and cost management.

This can include project management, superintendent-type functions or contract administration.

These activities can often be insured, but they should be clearly disclosed.

Why do these services matter to insurers? #

Project management and contract administration can increase the range of responsibilities assumed by the consultant.

Claims may involve allegations relating to:

  • Coordination of contractors or consultants.
  • Administration of contracts.
  • Assessment of progress claims.
  • Variations.
  • Project delays.
  • Notices and contractual processes.
  • Budget management.
  • Scope management.

The insurer therefore needs to understand exactly what responsibilities the Quantity Surveyor accepts.

What if project management is only a small part of the business? #

It should still be disclosed where it is a material professional activity.

The percentage of revenue generated from the service can help the insurer assess the exposure, but a low percentage does not automatically mean it is irrelevant.

Is construction management the same thing? #

No.

Project management, contract administration and construction management can involve different responsibilities and insurance exposures.

Businesses involved in physical construction, directing trades, taking responsibility for construction methods or performing design-and-construct activities may require further underwriting review.

Describe the actual services performed rather than relying only on a broad job title.

General Advice Warning: The information on this page is general in nature and does not take your personal circumstances into account. You should consider whether it is appropriate for you and seek professional advice before making any decisions. For tailored advice, please contact Webber Insurance Services.