{"id":3693,"date":"2016-12-15T09:41:35","date_gmt":"2016-12-15T08:41:35","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=3693"},"modified":"2016-12-15T09:43:41","modified_gmt":"2016-12-15T08:43:41","slug":"quantity-surveyors-seek-role-in-budget-process","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/quantity-surveyors-seek-role-in-budget-process\/","title":{"rendered":"Quantity Surveyors Seek Role in Budget Process"},"content":{"rendered":"

Lagos-based cost accountants have raised eyebrows on the method being employed in the preparation of the nation\u2019s budget, saying the system has cost Nigeria billions of naira yearly.<\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/a><\/p>\n

They noted that the exclusion of surveyors, who are meticulous, analytical and empirical in the budget process especially in infrastructural projects is a disservice to the nation and intentional in order to perpetrate corruption in projects.<\/p>\n

The Nigerian Institution of Quantity Surveyors, (NIQS), State\u2019s Chairman, Mrs. Adenike Ayanda made this known during a media chat with journalists in Lagos, she explained that it is a disservice to the nation for not engaging quantity surveyors (QS) in budget preparation especially when the infrastructural developments constitute over 60 percent of the nation\u2019s budget.<\/p>\n

ALSO READ: Quantity Surveyors Back FG on Loan for Infrastructure Projects<\/a><\/strong><\/p>\n

According to her, the inclusion of surveyors in budget preparation will improve budget performance; avoid budget-padding syndrome and serve as a check for a large number of abandoned projects in the country.<\/p>\n

She said: \u201cIn Nigeria, a lot of assumptions are often used to determine the price of road projects in Nigeria without measurement but that is not done in the advanced countries.<\/strong><\/em>
\n \u201cThey are still using the Bill of Engineering Measurement (BEM), which involves assumptions or provisional sums instead of Bill of Quantity Surveyors Measurement, which involves actual measurement of projects.”<\/strong><\/em>
\n\u201cThe implication is that Nigeria pays more on project based assumptions without proper valuation and value of money”<\/strong><\/em><\/p>\n

ALSO READ:\u00a0\u2018Non-passage of Foreclosure Law Retards Housing Development\u2019<\/a><\/strong><\/p>\n

Also lamenting the economic implication of excluding surveyors trained in cost management of infrastructural development in Nigeria\u2019s budget system, a renowned quantity surveyor, Mr. Bamidele Mafimidiwo said it has cost the nation billions of naira yearly and with an attendant contribution to the recession.<\/p>\n

Mafimidiwo, who is the chairman-elect of the body, said the quantity surveyors 2016 Week, which starts today with the theme.
\n\u201cAchieving value for money through Procurement Management: The role of Quantity Surveyors\u201d<\/strong><\/em>, was an avenue to stress the need for government to give QS their rightful role in procurement.<\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/a><\/p>\n

 <\/p>\n

Source: The Guardian<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Lagos-based cost accountants have raised eyebrows on the method being employed in the preparation of the nation\u2019s budget,…\n","protected":false},"author":14,"featured_media":3698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_custom_appearance":"","csco_disable_excerpt_posts_layout":false,"csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[37,32],"tags":[285,460,459,238],"class_list":{"0":"post-3693","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-real-estate-news","9":"tag-budget","10":"tag-nigerian-institution-of-quantity-surveyors","11":"tag-quantity-surveyors","12":"tag-real-estate-in-nigeria","13":"cs-entry","14":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=3693"}],"version-history":[{"count":2,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3693\/revisions"}],"predecessor-version":[{"id":3699,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3693\/revisions\/3699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/3698"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=3693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=3693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=3693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}