The Nigerian Institute of Quantity Surveyors (NIQS) has urged for better procurement practices in government projects, noting that the current approach remains behind international standards.
At a press conference in Abuja on Tuesday, ahead of the institute’s 2024 Annual General Meeting, NIQS President Kene Nzekwe highlighted the crucial role of quantity surveyors in effectively managing resources. He announced that the upcoming NIQS AGM, set to take place in Port Harcourt from November 26-29, 2024, will focus on the theme “Strengthening Quantity Surveying Practices and Processes for Growth and Sustainability in a Turbulent Economy.”
Nzekwe also discussed the establishment of a comprehensive cost databank, which, once completed, will provide reliable data for benchmarking the costs of capital projects.
“It will offer dependable data that stakeholders can use for accurate cost estimation, helping to facilitate informed decision-making in project planning and execution,” Nzekwe explained.
Furthermore, Nzekwe stressed the significance of the NIQS Building and Engineering Standard Method of Measurement, stating, “A standardized set of rules promotes transparency and consistency in costing building and civil engineering projects. If implemented across all projects in the industry, it could greatly enhance project outcomes.”
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