What does the Quantity Survey Method typically refer to?

The Quantity Survey Method specifically refers to a technique that is primarily utilized by contractors and estimators in the construction industry. This method involves detailed analysis and quantification of all materials, labor, and overhead costs related to a construction project. It is not commonly used by mass appraisers who usually rely on broader approaches for valuing properties, such as the cost approach or comparative market analysis.

In this context, the method is designed for project-specific purposes, focusing on precise calculations needed to create accurate cost estimates. This distinguishes it from other appraisal techniques that might apply universally across different types of property and valuation settings. Therefore, its association with contractors highlights its specificity and the level of detail required for effective cost management and project budgeting within the construction field.