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FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Quarterly E-journal (Special AGM Issue) of

The Institute of Quantity Surveyors, Sri Lanka

Volume 04: Issue - 02, October 2015

In this issue;

IQSSLs Annual General Meeting - 2015

New Corporate Members ................................Page 2


IQSSL AGM 2015 ...................................................Page 3
19th Congress PAQS.............................................Page 25
Iwata Foundation Winning Essay......Page 25
CPD Diary..................................................................Page 27
Membership Subscription .........................Page 28

Making an investment, in most instances, is in the expectation of a return


in terms of income or profit irrespective of whether the investment is
made in the form of an ownership, lending and cash equivalent.

Editorial;
Ch. QS. Dr. Chandana Jayalath
Ch. QS. Lalith Ratnayake
Ch. QS. Indunil Seneviratne
Ch. QS. Nandun Fernando

Publication;
Ch.QS. Nandun Fernando (Chairperson)
Ch.QS. Dr. Chandana Jayalath
Ch.QS. Majith Kodithuwakku
Ch.QS. Jayantha Dimbukkuwalage
Ch.QS. Prasath Sanjeewa
Ch.QS. Suranga Jayasena

Published by;
The Institute of Quantity Surveyors, Sri
Lanka (IQSSL)

Disclaimer;
The information contained in this publication
should not form the basis of any decision as
to a particular course of action; nor should
it be relied upon as a professional advice.
Under no circumstances shall the publisher
be liable for any direct, incidental, special and
consequential loss and damage that results
from the readers reliance or non-reliance
of information provided in this publication.
The copyright of this publication vests solely
and exclusively with the publisher and no
part may be reproduced or transmitted by
any process or means without prior written
permission of the Institute of Quantity
Surveyors, Sri Lanka.

It is apparent that construction industry is actively and substantially


involved in said direct investments in providing final product of the
investment, making built facilities for operating invested manufacturing
processes or services.
Under such circumstances considerable amount of an investment is
used for activities of construction. Hence, the impact of which becomes
undoubtedly a major concern for viable investments. In this backdrop
the Institute of Quantity Surveyors, Sri Lanka (IQSSL) thought it timely
that we use Construction Cost Impact on Investments: Cause and
Effect as the theme of our Annual Technical Sessions in the context of
increasing construction costs in Sri Lanka which is moving towards the
highest in the region.
01st October will be the starting date of events on the occasion of AGM
activities. Annual Technical Sessions 2015 on this day is mainly focused
on the above mentioned theme of the AGM and will begin at 2.00 pm
on 01st October in the Bandaranayke Memorial International Conference
Hall (BMICH), Bauddhaloka Mawatha, Colombo 07. The Chief Guest for
the evet will be Mr. Upul Jayasuriya, Chaiman Board of Investments, Sri
Lanka. The Key Note Speaker for the Sessions will be Ch. QS R.M.K.L.
Ramanayaka; Director, LR Associates (Pvt) Ltd..
The second day of AGM activities will start with the AGM being attended
by Members of IQSSL who are eligible to participate and will be held
at 3rd floor Conference Room of Hilton Colombo Residences at No, 200,
Union Place, Colombo, 02, from 3.00 pm to 4.30 pm.
The AGM will be followed by the Annual Forum which will take place
at the same venue from 6.30 pm on the same theme. The Chief Guest of
that event will be Hon. Patali Champika Ranawaka, Minister of Megapolis
and Urban Development.
The key note speech will be delivered by Mr. Thilan Wijesinghe, Former
Chaiman, Board of Investments, Sri Lanka. A panel discussion will follow
the key note speech and eminent professionals will participate in this
panel discussion representing a wide spectrum of the construction
industry.
Finally, the participants will be able to enjoy the evening with music,
companionship and dinner.

INSTITUTE OF QUANTITY SURVEYORS, SRI LANKA.


The Professional Centre, No. 275/75, 2nd Floor, Prof Stanley Wijesundara Mw. Colombo 7.
Tel/ Fax: 011 2595570 Web: www.iqssl.lk Email: iqssl@sltnet.lk


Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

New
Members
NewFellow
Fellow
Members
Following members are upgraded to Fellow Membership category of the Institute.

Ch. QS. (Mrs) Indra Malani Rajapaksha


Ch. QS. (Mrs) Devika Liyanage

New Corporate Members


Following members are elevated to the Associate Membership and obtained the Chartered Quantity Surveyor
status of IQSSL at the APC held in October 2014, March 2015 and September 2015;

Ch. QS. Adikari Mudiyanselage Ajith Priyanka Karunarathna

Ch. QS. (Ms) Bangirallage Samanthi Menike

Ch. QS. (Ms) Benthu Hewage Chandima Jeevanthi

Ch. QS. Dasanayaka Mudiyanselage Kawshalya Sanjeewa Jayawardhana Dassanayaka

Ch. QS. Dayakeerthi Ranasinghe

Ch. QS. (Ms) Ethige Asitha Primalie Silva

Ch. QS. (Ms) Gallage Nanduni Madushika

Ch. QS. Hatarasinghe Arachchige Viraj Indunil Hatarasinghe

Ch. QS. Hewa Babarandage Bandula Kumara

Ch. QS. Kanagaratna Mudiyanselage Ravindra Chinthana Dharmadasa

Ch. QS. (Ms) Kapugama Geeganage Malithi Chathurangani Samarajeewa

Ch. QS. (Ms) Kariyakaranage Don Kumudu Rangani

Ch. QS. Korale Gammahela Gedara Priyantha Rathnayake

Ch. QS. Mohamed Shuhood Mafahir

Ch. QS. (Ms) Moonamalpe Gamage Heshani Dalsika Gamage

Ch. QS. Nicholapillai Rex

Ch. QS. Rathnayake Mudiyanselage Thilina Prabhath Rathnayake

Ch. QS. (Ms) Thuiya Ganhewa Priyanka Kumari De Silva

Ch. QS. (Ms) Uththama Devayale Manori Dulanjika Ruwanpura

Ch. QS. Wellappuli Arachchige Hemantha Jayawardhana

Ch. QS. Wickramarachchi Athukoralage Varuna Chaminda Athukorale

Ch. QS. Wijekoon Jayasinghe Mudiyanselage Athula Wijekoon

Ch. QS. (Ms) Yasitha Kalpani Bulathsinghala

Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chief Guest


I am privileged to issue this message on the occasion of 2014/ 2015 Annual General Meeting and
Annual Forum of Institute of Quantity Surveyors, Sri Lanka.
Quantity Surveying is a vital component of construction industry, which is an essential element
in the national economy of any country. As agreed by many scholars, a vibrant construction
industry is a positive indicator of economic development of a country. Latest statistics indicate
a 9.7% contribution by Sri Lankas construction industry to its GDP with an annual growth rate
of over 20%.
As the Minister in charge of newly identified subject area of Western Mega Polis Development, I foresee the necessity
of very direct and crucial contributions to be made by the construction industry, to successfully achieve desired
goals of our Government.
Rapid developments that we envisage for, requires large amounts of public sector investments to be made. It is of
significant importance to ensure due accountability in all these mega investments, as examples of recent past amply
demonstrate the adverse results that public are forced to experience in absence of such accountability.
I recognize and appreciate the role Quantity Surveyors can play towards fulfilling of such and feel happy to state
that the Institute of Quantity Surveyors, Sri Lanka will receive all possible assistance of our Government in its
professional endeavours.
I take this opportunity to wish the organisers of the Annual Forum and members of Institute of Quantity Surveyors,
Sri Lanka a successful event.

Hon. Patali Champika Ranawaka MP


Minister of Mega Polis and Urban Development

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the President


As the President of the IQSSL I have great pleasure in sending this message for the AGM 2015.

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The main objective of the IQSSL is to work towards the betterment of construction industry
through professional inputs, contributing to countrys development. Its vision is to be recognized
as a leading professional body, initiating and fostering higher standards in Quantity Surveying
practices both locally and globally. Our mission is to make the Institute the home and voice of
Sri Lankan Quantity Surveyors, protecting and promoting interests, status, welfare, rights and
privileges of the profession while safeguarding the public interest at large at all times.
From where it began, the Institute has advanced enormously, achieving much as professionals on the collective
efforts of Members who instigated and propagated the recognition of QS profession to be what it is now whilst
contributing to the national construction industry needs. As such it is my duty to place on record a few noteworthy
efforts that gave us the status and recognition we enjoy today.
IQSSL has gained due local identity as the only professional QS body in Sri Lanka while being dynamic on the global
front for advancement of profession, despite diverse challenges and reforms in the context of evolving professional
practice standards and cross border service mobility blended with global education.
A key milestone in our path I believe is the incorporation of the Institute by a parliamentary Act in 2007. It provides
us valuable status to be the only recognized professional body in QS in Sri Lanka. Such recognition in the professional
sphere paved way for our Members to be deployed for positions of responsibility in preparation of feasibility studies,
contract administration, fund management, payment processing and management of claims in the state sector and
the private sector too followed suit by consistently recognizing our profession as a valuable component in their
construction projects.
Moreover, inclusion of QS profession as a recognized service in the public service endorsed by the Ministry of
Construction is now being modeled for implementation by the Ministry of Public Administration. It would give due
recognition for ones status based on academic and professional qualifications.
Together with other peer organizations, the Governing Council of the Institute along with state agencies was involved
in the enactment of the Construction Industry Development Authority Act by the Parliament.
In the academic sphere, the College of Quantity Surveying successfully continues with conducting of HND and
L1, L2 and L3 professional level courses while the Board of QS Education conducts APC and ATC tests and Graduate
Qualifying Examination in addition to the CPD programmes of the Professional Affairs Board, maintaining highest
standards as a professional body.
The Institute has entered into many reciprocity agreements with Global Professional Quantity Surveying bodies
such as Australian Institute of Quantity Surveyors and Pacific Association of Quantity Surveyors. While continuing
to reach out to similar professional organisations to explore synergies of member services and service delivery, we
will constantly engage with government and industry organisations to create awareness over services and functions
of the QS profession.
We have enhanced the official website of the Institute, making it a vital portal of communication and interaction
with Members and general public, disseminating information on time. Further, membership application assessment
and processing is consolidated and enhanced to ensure speedy processing and equity in entry requirements.
This years theme for the AGM and Annual Forum is Construction cost impact on investments; Cause and effect.

Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the President (cont)


It was a general observance that investments in construction be it residential or commercial are low yielding
and long term. With the changing trends, large scale investments are now made in infrastructure and high-rise
buildings for commercial and /or residential purposes. Considering many options available in the business world
for investors, they will no doubt expect higher and quick returns for their investments in the construction sector,
when compared to other sectors.

Increasing complex commercial nature of the industry requires proper management of finances. Also, as
the construction is a complex industry, QS is becoming an important profession than ever before. However, QS professionals must update themselves with rapidly advancing technology, market conditions and
commercial management to be on par with current trends, in their professional practices.
Also, Members should impart knowledge gained among others in the profession as it would ultimately
benefit the industry to achieve development goals of the country through expansion of investments in the
sector.
I assure all in the industry that we as IQSSL will strive to maintain even higher standards in providing
professional QS services for the advancement and betterment of the industry.
I thank all persons and organizations for their valuable support extended towards development of the
QS profession in Sri Lanka and the IQSSL in particular, and wish all our Members for an even brighter
future.
Ch.QS. Mr. Nishantha Wickramasinghe
BSc. (QS) (Hons), MSc (Pro. Mgt), F.I.Q.S.SL
President
Institute of Quantity Surveyors, Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Vice-President

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It is my pleasure and privilege as the Vice President of Institute of Quantity Surveyors Sri Lanka
to send this message on the occasion of the Institutes AGM & Annual Forum of 2015. This year,
the forum is based on the timely theme of Construction Cost Impact: Cause and Effect.
Sri Lanka as a developing nation is identified together with other emerging market economies
having the potential to develop at an unprecedentedly fast phase. In this journey of development
of our nation, the construction industry will play a vital role in terms of Gross Domestic Product
as well as employment by distributing wealth among masses in Sri Lanka.
In this phase of Sri Lankas development we can see the thirst for development of much needed infrastructure
facilities, such as transportation in terms of roads, highways and rail roads, energy infrastructure such as power
generation, distribution and oil and gas exploration, sanitary infrastructure including water supply and drainage
as well as irrigation infrastructure and mega development of cities, housing, factories and tourism sectors. In short
all sectors in the country will develop together with the construction industry leading as the front runner.
Capital for development is mainly provided as private funded capital inflows or Government funding through
borrowings. Both private and government capital inflows need reasonable return on their investments though
there is fundamental difference in degree and type of return.
It is widely known that construction cost is a major factor that affects financial feasibility of development projects.
Even use of cost benefit analysis techniques to assess viability of public infrastructure projects shows that
construction cost is a vital factor affecting viability of a project.
In this background of rapid development we experience ever changing economic conditions and an unyielding
urge to achieve value for money in development projects. It is this status quo that makes the theme of our Annual
Forum remarkably relevant to Quantity Surveyors in Sri Lanka as it is Quantity Surveyors who try to achieve a
balance between investors objectives and ground realities. During the forum, participants will get an insight of the
cause and effect of construction cost to development projects.
Institute of Quantity Surveyors Sri Lanka acknowledge the support given by the Government throughout its
history by incorporation of the Institute through the national legislation, recognition of the profession in the
construction industry related acts as well as appointment of its Members into various committees of government
institutes. I am confident that many steps taken by the Institute over the past years including conducting of
continued professional development programmes, academic and professional improvements and introduction of
procedures in line with recent Construction Industry Development Authority Act etc., have molded our Members
to face new challenges that may arise in coming years with the rapid development of our country.
Undoubtedly, every citizen of the country has a moral duty to perceive and contribute to development efforts of
the Government. It is undoubtable that Institute of Quantity Surveyors Sri Lanka will have an important role to
play in its sphere of expertise in shouldering the development goals of Sri Lanka.

Ch. QS. Mr. G.M. Upul Shantha


BSc.(QS) (Hons), PG.Dip.(Cons. Mgt), F.I.Q.S.SL, AAIQS, MBA,
Vice President
Institute of Quantity Surveyors Sri Lanka

Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Secretary


I consider myself privileged to issue this brief message to the IQSSL quarterly publication
FOCUS which is published along with the IQSSL AGM & Annual Forum of 2015 which is the
most significant event in IQSSLs calendar. This years theme, Construction cost impact on
investments: Cause and effect will enable an interactive and constructive dialogue among
industry professionals in paving the future developments of construction industry of Sri
Lanka. Further, the FOCUS publication articles will create an atmosphere of diagnostic dialogue
to many issues faced by the Sri Lankan construction industry, while shedding light on critical
issues. This would pave way for a detailed discussion at the IQSSLs 2015 Annual Forum which
will aim to establish a credible platform and convince the investors to bring in more investments to Sri Lanka.
My sincere appreciation goes to all sponsors, well-wishers, Members of the Editorial Board of FOCUS and Members
of IQSSL Board of QS Publications who had immensely contributed towards publishing this AGM issue of FOCUS.
Ch.QS. Mr. Indunil Seneviratne
BSc.(QS) (Hons), MSc (Const. Mgmt) USA, F.I.Q.S.SL
Hon. Secretary
Institute of Quantity Surveyors Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chairperson - Professional Affairs Board (PAB)

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As per the Rules of IQSSL, PAB is entrusted with tasks of advising the Governing Council on
various matters, handling disciplinary actions and conducting programmes aimed at professional
development of members of the Institute. During the last year PAB mostly concentrated on
priorities identified by the Governing Council and the members of PAB.
The Board recognized that helping the membership to enhance their knowledge to establish
themselves in the industry with good practices is a prime requirement. Towards that CPD
programmes were conducted in the areas of procurement, life cycle costing and construction
management with well experienced resource personnel in academia and practice. Round Table Discussions were
also conducted with practicing QSs (mostly Chartered Quantity Surveyors) to discuss and share experiences gained
through problems they faced when working in specific areas such as project feasibility and using CESMM. All of
those CPDs and Round Table Discussions were very successful and members were given ample opportunity to
interact with the Institute as well.
During the last year newly drafted Disciplinary Procedure was approved by the Members of IQSSL at the EGM
for implementation. A special CPD on ethical practices and conduct of QSs and introduction of new Disciplinary
Procedure was conducted for Non Corporate membership of the Institute with remarkable participation.
PAB is closely working with the Institute in establishing a Service Minute for QS Service in the Government sector.
Further, with the direction and guidance of the Governing Council PAB continued to engage regularly with regulatory
authorities and other professional institutions. Active participation at CIDA in scrutinizing new publications,
partaking at various committees, international and local conferences, forums and networking are few of such
involvements.
Preparation of Practice Manual for Practicing QSs has commenced and is expected to be finalized in the coming
year.
Apart from the duties entrusted, PAB contributes to other Boards also when required and to the Governing Council
in developing certain formalities.
As Chairperson, I would like to thank all Board Members and other who voluntarily extended their support for PAB
activities to enhance and maintain the image of the Institute, and positively hope and look forward for much active
participation of Board Members in the coming year, too.

Ch. QS. Ms. Anoma Gunasekara,


B.Sc.( QS). Hons., PG Dip ( CPM), F. I.Q.S.SL
Chairperson - Professional Affairs Board (PAB)
The Institute of Quantity Surveyors, Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chairperson - Membership Affairs Board (MAB)


Membership Affairs Board (MAB) during the period 2014/ 2015 worked towards the Institutes
goal of gathering all Sri Lankan Quantity Surveyors under one national institute.
Primary function of the Board is to advice the Governing Council in matters relating to
membership including granting of new memberships and membership upgrades. Further,
together with the Board of Quantity Surveying Education & Training, Graduate Member entry
route for non-accredited Degree holders was extended. This will enable non-accredited degree
holders to enter the Institutes Graduate membership through an entry examination.
We also temporarily opened once again a Special Membership route for non-Corporate Members of the Institute
as adopted at the Extraordinary General Meeting held on 27th March 2015, which is operative till 31st December
2015. As Chairperson of MAB, I am happy to note that there is a significant interest among non-members of the
Institute who are practicing as Quantity Surveyors in Sri Lanka as well as abroad to join the Institute, while
existing members have also shown interest in upgrading their membership by gaining required qualifications
and experience.

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Our present membership strength, as at 15th September 2015,is:


CATEGORY

NO. OF MEMBERS

Fellow

26 Nos.

Associate

231 Nos.

Graduate

373 Nos.

Technical

134 Nos.

Probationary

28 Nos.

Students

2227 Nos.

Total

3,019 Nos

During the last year, Associate membership grew by 8%. We have also noted a considerable interest for Technical
membership from candidates who successfully complete Level III professional examination conducted by the
IQSSL. Number of interviews were conducted with those who applied for Probationary membership to assess
their work experience.
Total student membership is about 2,230. With more education opportunities being available in Sri Lanka and
abroad, we encourage students to explore all existing membership routes for Associate membership.
I thank members of the Board, namely Ch. QS. Mrs. Devika Liyanage, Ch. QS. Mr. Rajitha Dassanayake, Ch. QS. Mrs.
Nilmini Thilakarathna and Ch. QS. Mr. Mahinda Goonawardena who worked tirelessly to make the Boards affairs
a success.

Ch.QS. Mr. A.N. Jayadeva,


A.I.Q.S. SL
Chairperson - Membership Affairs Board (MAB)
The Institute of Quantity Surveyors, Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chairperson - Board of Quantity Surveying


Education & Training (BQSET)

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As the Chairperson of Board of Quantity Surveying Education and Training (BQSET) I am pleased
to place on record the progress made by the Board in various activities it undertook during the
year 2014/ 2015.
The BQSET and its Sub Committees are very pleased to note that many activities initiated by
them during the period under review could be completed by the end of the year. Remaining
activities have also made satisfactory progress and had undergone many revisions.
An activity of high priority entrusted to the BQSET by the Governing Council was continuation of conducting preparatory lecture series for APC candidates, popularly called the Charter
Classes. These lectures were conducted for the February 2015 and September 2015 APCs.
In 2015 a new syllabus was introduced for the Professional Level III. A major feature of the new syllabus is its Quantity Surveying Practice Module conducted during two semesters. The students who follow this module have to make
a presentation and face a viva -voce on their experience which will enable students to confidently face an APC in
future.
On a recommendation of the BQSET, IQSSL became a contributing institution to accreditation of Bachelor of Construction (Surveying) degree offered by the University of Hong Kong and to re-accreditation of Bachelor of Quantity
Surveying (Honours) degree conducted by the Taylors University Malaysia. These accreditations were made by the
Pacific Association of Quantity Surveyors (PAQS). Furthermore, consequent to a resolution adopted on 10 May 2013 by
the IQSSL, the BQSET conducted the Graduate Member Qualifying Exam (GMQE) for non-accredited degree holders.
Ten candidates sat for March 2015 GMQE and four were successful.
During the period under review, the BQSET successfully conducted two APCs, and two semesters of Levels 1, 2 and
3 of Professional Level Exams of IQSSL under both new and old syllabi. The BQSET is very much appreciative of
valuable contributions made by Members of IQSSL by serving as examiners, moderators, supervisors and invigilators
of APC, GMQE and Professional Level I, II and II Exams and also by serving as members of selection panels for both
Level I of Professional Level Exam and Quantity Surveying Practice module.
The BQSET also assisted the Board of Management of College of Quantity Surveying in negotiations the latter had
with the Northumbria University of UK on entering in to a MOU to enable HND and Professional Level students to
follow degree courses at Northumbria University.
The BQSET is very pleased with its achievements made during the year 2014/2015, and will strive to complete at its
earliest all pending activities.

Ch.QS. Mrs. Kanchana Perera


BSc (QS) (Hons), M.Phil, F.I.Q.S.SL, FAIQS, MRICS, ICECA
Chairperson - Board of Quantity Surveying Education and Training
Institute of Quantity Surveyors Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chairperson - Board of Management for College of


Quantity Surveying (BOM)
The Board of Management of College of Quantity Surveying (BOM) has been assigned responsibilities as per terms of reference of Rules of the IQSSL.
With a clear understanding of functions of the BOM and tasks assigned by the Governing
Council of IQSSL, the BOMs aim is to fulfill its obligations towards the success of College of
Quantity Surveying (CQS) through Quantity Surveying education in particular..
The CQS is the Quantity Surveying education arm of IQSSL, placed under its close supervision.
There is a great demand for courses conducted by CQS, specially the professional programmes
aimed at guiding those who are currently employed in the field of Quantity Surveying to achieve status of Chartered Quantity Surveyors. The Higher National Diploma in Quantity Surveying is prepared to guide students to
start a career in Quantity Surveying, after their Advanced Level examinations. The CQS with the IQSSL always
maintain high standards in courses offered.
During the year, we entered into a Memorandum of Understanding (MOU) with University of Northumbria, UK,
enabling students of CQS to obtain a university degree in Quantity Surveying after completion of HND (QS) and
Professional Level programmes.
Further, the HND (QS) programme was registered with Tertiary and Vocational Education Commission of Sri Lanka
(TVEC), starting the process to obtain National Vocational Qualification (NVQ) status. BOM has also submitted documentation for registration of CQS logo under copy right laws.
Books were purchased for the library, facilitating HND students with lending and Professional Level students with
referencing during opening hours of CQS. Computer laboratory has also been expanded with additional computers
and classroom facilities were improved with added infrastructure.
The blood donation campaign at CQS conducted early this year was successfully organized by HND students. The
students annual event, Cricket Fiesta 2015 was also organized successfully by students of CQS with the leadership
of Professional Level III students. BOM appreciates the contribution and leadership of students of CQS in organizing
these events with minimum guidance.
Further, the BOM organized a religious programme with the support of Governing Council, staff and students of
CQS at Gauthama Vihara, Narahenpita.
Further steps would be taken by BOM to upgrade facilities to enhance knowledge of students. BOMs aim is to obtain
NVQ status for HND and Professional Level students in future.
In achieving above, enormous support extended by President, Vice President, Secretary, Treasurer, Chairpersons,
Council Members of IQSSL, lecturers, staff of CQS and IQSSL and Board members of BOM, namely Ch. QS. Dr. Gayani
Karunasena, Ch. QS. Mr. Senarath Wettasinghe, Ch. QS. Mr. Prasad Dissanayake, Ch. QS. Mrs. Subashini Dasanayake
and Ch. QS. Dr. Thanuja Ramachandran is greatly appreciated and look forward for their continuous support on
future tasks of BOM.

Ch. QS. Mrs. Champa Liyanage


BSc (QS) (Hons), F.I.Q.S.SL
Chairperson Board of Management of College of Quantity Surveying
Institute of Quantity Surveyors Sri Lanka

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Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Message from the Chairperson - Board of Quantity Surveying


Publications (BQSP)

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Being the main arm of information dissemination of the IQSSL, the BQSP is entrusted with
tasks of handling both Member centered internal publications and industry and general public centered publications. Towards such, the BQSP has done its best during the past year to
maintain timely, speedy and accurate flow of information to all stakeholders, through print and
electronic media.
In that respect, the BQSP has continued with further development and enhancement of IQSSLs
only official website with more user friendly formats and a vast pool of information. Handling
of official website was entrusted to a special Web Sub Committee of BQSP established by a special resolution of the Governing Council during the year. It now carries much of the Institutes notices and other
details to all stakeholders in construction industry, with updated information provided on realtime. It is with much
appreciation that I note of contributions of Board Member Ch. QS. Mr. Suranga Jayasena in revamping and improving
the web to its present status.
During the year, we started to publish information on job opportunities on our website, rendering a dual service to
Members looking for opportunities and industry and other entities searching for properly qualified QS professionals.
It also display accurate details related to membership paths of the Institute in easy to understand mode. Statistics
indicate that such details have been useful to many individuals across the globe who seek such information, including details of accredited degrees and courses. The Web Sub Committee is currently working with Financial Affairs
Board to implement an online payment gateway. Much of the information emanating from College of Quantity Surveying and Board of Quantity Surveying Education and Training related to courses conducted and results of various
academic and professional programmes are also available on the web site now.

During the year, three issues of e-journal FOCUS were published. All material in the FOCUS are carefully vetted and
suitably edited by the Editorial Board, which functions as an independent arm of BQSP. The Board continued its
assistance to Governing Council and College of Quantity Surveying by coordinating and handling all notices and
advertisements carried in the print media.
Also, the BQSP initiated to provide a slim diary for the first time to all Corporate Members as a value added service.
Steps are being taken to continue it as an annual feature with enhanced data useful to Members being included in
the diary.
The Board also commenced compiling a comprehensive publication history of QS profession in Sri Lanka and specifically of IQSSL during the year. Its aim is to incorporate all possible recorded historical data with accuracy. Steps are
also being taken to maintain a collection of simplified articles on QS profession, its various aspects and related topics,
to be made available to media organizations for random publication as a step of public awareness campaign.
In achieving above, support extended by all Governing Council Members of IQSSL and Board members of BQSP including members of the Editorial Board and Web Sub Committee during the entire year is gratefully acknowledged
and immensely appreciated.

Ch. QS. Mr. Nandun Fernando


BSc (QS) (Hons), A.I.Q.S.SL, Attorney at Law,
Chairperson Board of Quantity Surveying Publications
Institute of Quantity Surveyors Sri Lanka

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Message from the Chairperson - Financial Affairs Board (FAB)


It is with great sense of satisfaction I send this message in the occasion of Annual General
Meeting of Institute of Quantity Surveyors Sri Lanka to be held on 2nd October 2015 at Hilton
Residencies, Colombo.
We have made every attempt to maintain a healthier financial status at the Institute and provide a better service to the membership at a satisfactory level.
It is my pleasure to inform you that we have made several achievements related to financial status of the Institute in the year 2014 - 2015. Through the hard work of the staff of the
Secretariat, a reasonable amount of outstanding membership subscription fees were collected. Its noteworthy to
mention the positive response of a majority of members in this regard. However, it must be stressed that a more
concerned and positive response from all members is essential to maintain this trend.
As a response to many requests made by members working abroad, steps were taken to establish an electronic
payment gateway with some good head start, but we were forced to postpone its implementation due to certain
technical and feasibility issues.
I request all members of the Institute to extend their fullest corporation by making timely payment and valuable
proposals to improve the financial status of the Institute, furthermore.
I thank the President and the members of Governing Council and the IQSSL staff for all the assistance rendered
during the year to discharge my duties as the Treasurer.

Ch. QS. Mr. Mahinda Gunawardena


A.I.Q.S.SL
Treasurer and Chairperson Financial Affairs Board
Institute of Quantity Surveyors Sri Lanka

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Message from the Chairperson - Public Relations and Welfare Board


(PRWB)

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As the Chairperson of the Board, it is a great pride and pleasure to issue this message on the
occasion of Annual General Meeting of the Institute of Quantity Surveyors, Sri Lanka.
All five members of the Board Members contributed in organizing various activities and
events during the year facilitating the Institutes presence in professional and industry communities and general public.
Under main activities, the BOARD donated wheel chairs and provided meals to patients at the
Bandaranaike Memorial Ward in Maharagama, maintained by the Sri Lanka Cancer Society.
It also organized events such as unvailing of IPPs photograph at the IQSSL Secretariat office, a Buddhist religious
event at the Gauthama Viharaya, Narahenpita for students of College of Quantity Surveying and a meeting of
Board Chairpersons and members and Governing Council regarding tasks and goals of IQSSL.
The Board was involved in event coordination of all CPDs conducted by the Professional Affairs Board during the
year and a team of IQSSL Members participated at the Annual Inter Professional Institutes Cricket Tournament
conducted by the Organization of Professional Associations of Sri Lanka.
As Board members, namely Ch.QS. Mr. Upali Jayalath, Ch.QS. Mrs. Dilani Abeynayake, Ch.QS Mr. Bernard Gunaratne and Ch.QS. Mrs. Kasun Amali Gunasekara were involved in arranging this years Annual session and
Annual General Meeting, too.
I take this opportunity to thank all Sponsors, well wishes, the Governing Council and all Board Chairpersons and
Board Members for their generous contribution and support to make this event a success.

Ch.QS. Mr.Jagath Basnayake


A.I.Q.S.SL, Assoc. RICS
Chairperson Public Relation & Welfare Board
Institute of Quantity Surveyors Sri Lanka

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Governing Council 2014/2015

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Seated, (Left to Right);


Ch. QS. Ms. Anoma Gunasekera (Council Member), Ch. QS. Mrs. Champa Liyanage (Assistant Secretary), Ch. QS. Mr.
Mahinda Gunawardena (Treasurer), Ch. QS. Mr. Indunil Seneviratne (Secretary), Ch.QS. Mr. Nishantha Wickramasinghe
(President), Ch. QS. Mr. Hemantha Aponso (Immediate Past President), Ch. QS. Mr. G.M. Upul Shantha (Vice President),
Ch.QS. Mrs. Kanchana Perera (Council Member)
Standing (Left to Right)
Ch. QS. Mr. Rajitha Dasanayake (Council Member), Ch. QS. Mr. A. N. Jayadeva (Council Member), Ch. QS. Mr. Jagath
Basnayake (Assistant Treasurer), Ch. QS. Mr. Upali Jayalath (Council Member), Ch. QS. Mr. Hasitha Gunasekara (Council
Member), Ch. QS. Mr. Lalith Ratnayake (Council Member), Ch. QS. Mr. Nandun Fernando (Council Member)

IQSSL - Administrative Staff


Ms Hansani Chandrasekara,
Assistant Accountant

Mr. D M Pallegama,
Senior Administrative Officer
Mrs. Indrani Perera
Board Cordinator

IQSSL College of Quantity Surveying - Administrative Staff


Mr. H.M.G.C.P. Herath,
Administration Executive

Mrs. Warna de Silva,


Programme Coordinator

Ms. Shivoni Kaumadee Batawalage,


Clerk

Mrs. Kanthi Rodrigo,


Office Aid

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Mr. Ramesh Wickramasinghe,


Office Assitant
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IQSSL Boards and Board Members


Professional Affairs Board (PAB)

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Board of Quantity Surveying Publications


(BQSP)

Ch.QS. Anoma Gunasekera (Chairperson)


Ch.QS. Lalith Ratnayake
Ch.QS. Nandun Fernando
Ch.QS. Anuradha Waidyasekara
Ch.QS. Chandraguptha Weerakoon
Ch.QS. Hasitha Gunasekara
Ch.QS. Lakshman Ramanayake

Ch.QS. Nandun Fernando (Chairperson)


Ch.QS. Dr. Chandana Jayalath
Ch.QS. Majith Kodithuwakku
Ch.QS. Jayantha Dimbukkuwalage
Ch.QS. Prasath Sanjeewa
Ch.QS. Suranga Jayasena

Membership Affairs Board (MAB)


Ch.QS. A.N. Jayadeva (Chairperson)
Ch.QS. Mahinda Gunawardane
Ch.QS. Nilmini Tilakarathne
Ch.QS. Rajitha Dasanayake
Ch.QS. Devika Liyanage

Financial Affairs Board (FAB)

Board of Quantity Surveying Education & Training


(BQSET)

Public Relations and Welfare Board (PRWB)

Ch.QS. Mahinda Gunawardana (Chairperson)


Ch.QS. Jagath Basnayake
Ch.QS. Sumith Lokuge
Ch.QS. Chandana Geeganage
Ch.QS. Nisha Thambugala

Ch.QS. B.A. Kanchana Perera (Chairperson)


Ch.QS. Indunil Seneviratne
Ch.QS. Vijitha Disarathne
Ch.QS. Tilanka Wijesinghe
Ch.QS. Deepa Samaraweera
Ch.QS. Duleesha Wijesiri
Ch.QS. Dr. Nirodha Fernando
Sub committee of BQSET
- Dr. Yasangika Sandanayake
- Dr. Sachie Gunathillake
- Ms. Aparna Samaraweera

Ch.QS. Jagath Basnayake (Chairperson)


Ch.QS. Bernard Gunarathne
Ch.QS. Upali Jayalath
Ch.QS. Dilani Abeynayake
Ch.QS. Kasun Amali Gunasekara

Board of Management for College of Quantity Surveying (BOM)


Ch.QS. Mrs. Champa Liyanage (Chairperson)
Ch.QS. Hemantha Aponso
Ch.QS. Senarath Wettasinghe
Ch.QS. Dr. Gayani Karunasena
Ch.QS. Prasad Dissanayake
Ch.QS. Subhashinie Dasanayake
Ch.QS. Dr. Thanuja Ramachandran

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IQSSL AGM - Theme of the Forum


Construction Cost Impact on Investments: Cause and Effect
Introduction
Making an investment, in most instances, is in the expectation of a return of income or profit and the investment
could be made in the forms of ownership share, lending and cash equivalent. The word investment has become
scrambled as it is overused even for purchase of cars, household goods and for things like spending for education.
This article considers economic investment inflows to infrastructure, manufacturing and services sectors where
majority of direct investments (more than 98%) has been attracted as per the Annual Report of Central Bank of Sri
Lanka, 2014.
The above report indicates that largest component of investment was recorded in infrastructure such as ports &
container terminals, housing & property development and telecommunications. The services sector which includes
aviation, hotels and BPO sectors recorded the second largest while manufacturing sector including processing
of agriculture products, factory and cottage industries secured the third place in investments. What is apparent
in view of above is that the construction as an industry is actively and substantially involved in the said direct
investments in providing final product of investment or making built facilities for operating invested manufacturing
processes or providing envisioned services.
Under the circumstances a considerable portion of investment has been shared and unequivocally contributed by
activities of construction. Hence, the impact of which becomes undoubtedly a major concern to make investments
viable. In this backdrop the Institute of Quantity Surveyors, Sri Lanka (IQSSL) thought it is appropriate to select
Construction Cost Impact on Investments: Cause and Effect as the theme of our annual session.
Construction Industry
A cognitive belief is that a vibrant construction industry is an indicator of positive economic development of a
country. This is evident from 9.7% contribution of Sri Lankas construction industry to GDP with growth rate of
over 20% as stated in the Central Bank Annual Report, 2014. However, published knowledge suggests that the
construction industry worldwide is both diffused and inadequately defined. Sri Lankan construction industry is
no exception. In fact, the local construction industry has been in a dire need of status with acceptable regulated
system in place for its sustainable development.
It is important to note that Sri Lankas construction industry contributed dramatically from Rs. 366 billion in 2009
to more than Rs. 1,150 billion in 2014 (in current prices) to the GDP with increased investments in infrastructure
projects. Gross Domestic Capital Formation climbed from about Rs. 802 billion to approximately Rs. 1200 billion
from 2009 to 2014. The report indicates that the investment by private sector is reflected by increase of credit
for construction by commercial banks more than 22% in 2014. Stakeholders of the sector are admiring about
performance of the industry yet agitated by high cost of construction inputs.
Construction Product Diversity and Resource Use
Construction product diversity is obviously depending on the intended end use, location, standard of quality, size,
materials used in, technology applied and the like. In terms of size small, medium to large or medium rise and high
rise buildings in commercial or residential sectors are very common. In house construction, low cost housing
to luxury and individual shelter to schemes can be seen. Industrial buildings are mostly typical in its outlook
with the use of steel structures and cladding. Roads too have different grades such as expressways with specified
design speed, national highways and peripheral roads from city limits in making connectivity and mobility. Other
infrastructure development projects such as railways, power generation, water and drainage, irrigation etc. have
project specific unique features.
The nature, scope and complexity of construction influence in determining resource requirements. Construction
sector use lot of labour and natural materials as main resources. Specially countries like ours where the construction
is more sites based and not adequately mechanized demand for labour and natural materials are very high. Plant
equipment use also is considerable depending on the type of construction. In addition to that construction
industry requires products of all other industries in the process. The spectrum of other human resources such as
professionals, technical experts etc. involvement is also very wide and multifaceted. Hence, construction projects
resource use is considerably heavy. Consequently cost of construction products is invariably a large sum requiring
substantial amount of money and in other words large investment. As a result proper management of construction
industry development is vital to make investments environment more conducive.

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Construction Costs
Given the heterogynous and numerous resource requirements for construction products, called as a product of all
other products, its cost is a serious consideration for investments. More importantly assessment of exact cost
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prior to construction is almost impossible. In order to have a reasonably accurate estimate it requires expertise
knowledge and which is provided by the qualified Quantity Surveyors.

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The direct costs of resources with respective adjustments for wastages etc., intended construction methods, specified
quality standards, project specifics and other indirect cost attributes are systematically and analytically appraised
in making a cost plan with the use of historical cost data, This prediction matures in to an estimate and budget
as the project definition unfolds. Standard Method of Measurements provides a uniform basis in identifying line
items of costs and their inclusions and exclusions with the measurement principles of quantities for estimating
and valuation of construction works. The procurement methods, contractual arrangement, form of contract and
risk sharing modalities too make impacts on the construction cost.
In cost determination the impact from market conditions such as demand for construction, specialty of contractors,
competition among contractors, capacity of contractors, availability of resources, taxes and interests structures,
government monetary and fiscal policies, etc are further considerations.
When calculating project costs for feasibility studies, project selection and investment decisions it may rely on
market rates or general norms which represents most of the times the actual costs of completed projects of similar
nature and magnitude. However, without adjustments for project specific characteristics such superficial norms
may mislead the return on investments. This complex cost estimating process must be managed by a competent
professional Quantity Surveyor with the assistance of other construction professionals design and technical inputs
to ensure investments are done with reasonably accurate feasibility studies and cost / cash flow estimates.
At the initial stages of projects, where construction works becomes a reasonable component, it is a very common
query of the investors to ask Why Construction Cost is so high as it is noticeable among the high cost items list.
It is natural to look at construction as a cost element rather than a long life valuable asset creation. In fairness to
investors money for investments is not freely available in any amount but a scarce resource. Finally it has to be a
well-informed decision on construction cost rather than a costly decision.
However, statistics indicate that Cost of Construction in India is the lowest in the Asian region. Cost of construction
in Sri Lanka is slightly higher than India and seems to be higher than Bangladesh. Construction costs in other
countries in Asia region, i,e Malaysia, Indonesia, Philippines and Thaiwan close to Sri Lankan norms whereas
Vietnam costs are comparatively higher than the others. Notwithstanding that, Foreign Direct Investment (FDI)
inflows indicate that FDI in Sri Lanka as US$1.0 billion whereas FDI in Vietnam US$10.0 billion. This reveals that the
lower construction cost is not the only cause in attracting investors. Government authorities should be able to
identify other causes while addressing the reasons related to high construction costs which can easily be handled
by the stakeholders in the industry in view of attracting more investors.
Causes for High Costs
ICTAD indices indicate the increase in construction cost in every year. Highest increase of 12.21% is reported in year
2012 whereas 2.46% in 2014 in all types of construction. A similar leap is experienced in road construction. For last
five years from 2010 reported average increase is 32.01% in all types of construction. In nutshell, sharp increase in
construction cost is evident in every year.
In year 2012, 44.95% increase in fuel cost was reported due to global high prices in fuel. Hence high transport cost
was reflected in material costs in 2012. Similarly petroleum products used in road construction showed a hike-up
in 2012. Reduction in fuel price in 2013 onwards reduced the annual increase rate in construction materials and all
types construction cost index.
Cost increase in skilled, semi-skilled and unskilled categories showed rapid increase (less than 7% annually) until
2014 and in 2015 increase is between 13% - 16% which results the salary/ wage increase in construction sector. This
may have been contributed by 2014 Budget proposals and shortage of labour for the industry by attracting them
for services sectors such as transportation as three wheeler drivers.
Consumption of cottage industry raw materials had also been increased significantly due to increased volume.
of construction activities. Supply cost of these raw materials has been severely influenced by both the market
demand and fuel prices.
The schedule below indicates the price increase during last five and half years. First band is
more imported materials basket, second is natural materials from mining and thirdly the labour.
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IQSSL AGM - Theme of the Forum (Contd)


Material

% Increase from
Jan 2010

Material

% Increase from
Jan 2010

Imported Cement
Reinforcement Steel

14.11
21.27

Rubble
Metal

42.05
40.51

Structural Steel
Imported Sanitary Fittings
Electrical Wires
Wall Pains
Floor Tiles
Aluminum Doors Windows & Partitions
Bitumen 80/100 ( Drum Form)

21.48
45.28
12.84
25.48
30.14
43.06
(9.14)

Sand
Quarry Dust
Ready Mixed Concrete
Bricks
Earth
General Timber

49.39
44.73
33.13
64.85
41.49
36.54

Bitumen 60/70 ( Drum Form)


Aggregate Base Course
Fuel

(8.41)
15.86
30.14

Skilled Labour
Semiskilled Labour
Unskilled Labour

Labour
43.46
52.65
47.22

Source ICTAD price indices bulletin

The above schedule is self-explanatory on the situation of price increases on imported items, natural materials and
labour. Shortage of natural materials and labour appears more severe than imposed taxes on imports from above.
With more restrictions on mining including strict environmental laws and further labour shortage in future, which
is the reality, construction cost will further increase dramatically. If taxes are further increased on construction
inputs cost will be hit from all sides and impact on investments by construction cost will be heavy..
The above price indices also indicates that cost of building sector would have been more affected than the road sector
though more often road cost increase was a hot topic. Perhaps, if this trend continues the common man would not
be able to build his own shelter which is already a huge challenge demanding for different public housing strategy.
The mining of natural materials for large commercial investments without using new materials and technology
undoubtedly make common mans own house dream shattered. On the other hand investing on new technologies
first time would make projects not feasible being a guinea-pig. This dilemma should be addressed through policies
with increased research and development in the construction industry.
Analysis of construction costs in road works and building construction reveals that the cost of elements, which
generally contributes more to project costs, became redoubled with increased cost of natural materials and labour.
As an example in roads structures and road pavement construction which need earth, sand, metal, quarry waste
etc. are more affected cost elements whereas in buildings the structure and finishes takes the shocks of costs if not
hi tech.
An in-depth study of construction costs reveals that there are more reasons behind high costs than what is envisaged
to be. Identified reasons include national policies, local regulation, macro level issues, project management / planning
& procurement, taxes on imported materials, inefficiencies in construction processes and cultural issues described
as follows;
National policies and regulations: Tax structure, demand fluctuation, interest rates and inflation has direct impacts
on construction costs. Inefficiencies in approval processes and insufficiency in services and facilities (transportation.
communication, electricity and water from national grids) accrue substantial unproductive time and resultant costs
to the process. Education, training, research, development and stimulus initiatives are appear inadequate at policy
level. Reduction in counterproductive regulations, industry peace, law and order to curb corrupt practices could
reduce costs.
Macro level issues: Unavailability of skilled, semi-skilled and unskilled labor force and lack of technical knowledge
and skills in supervisory level directly affects the construction process, quality of the output, cost and the delivery
time. Research initiatives to facilitate use of new technologies to reduce use of natural resources and for early
delivery at competitive costs would be necessary. Lack of recognition and status for workforce and the industry
itself results high human resource turnover and migrations to other industries.

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Project Management: Wrong feasibility reports, insufficient scope definitions, feeble client requirements, Incomplete
designs, poor documentation, bias contract administration, delays in giving construction information, delays in giving
instructions and approvals, reluctance in using innovative materials or systems, reworking, poor forecasting, wrong
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IQSSL AGM - Theme of the Forum (Contd)


attitudes, unethical and corrupt practices contributes to increased construction costs.

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Procurement: Belief on traditional systems by consultants and contractors to overcome their own risks, to finalize
designs and prices during construction and to be more comfortable finally retards industry development and
efficiency. Retail project implementation ideas without using procurement strategies and employing professionals
by investors too could increase costs. This is one of the salient areas to manage and if properly manage construction
projects could be made less costly, faster in delivery and could prevent failures.
Imported materials: Taxes, incompatibility with local installations, lack of quality checking before ordering, long
deliveries, high replacing cost, unavailability of technology, warranty issues and the like could be issues.
Inefficiencies: Poor coordination in construction management, expensive modes of procurements, relying on
conventional and labour oriented construction methods, reluctance to pay for qualified personnel, excessive material
wastages, rework, poor storage, inefficient site management, unavailability, poor quality and poor performance in
construction machinery, equipment and tools. Non - productive time due to various reasons, excess site staff,
inefficient site layouts, incompetent sub contractors, monopoly in suppliers and sub contractors, inconsistency
in supplying and quality of domestic supply materials, inefficient testing and checking methods, poor cash floor
management, inaccurate and late valuations, relying on high interest bank facilities etc also adds to cost at the
end.
Cultural issues: More holidays, negative attitudes, no sense for time value of money, informality, not fully committed,
disregard own safety and health are some of the features of construction workforce.
All the above identified matters contribute directly or indirectly but impact on cost significantly. The market rates
used in project budgeting, feasibility or cost planning carry all these controllable or preventable costs. Further,
these attributes reflect gross ignorance in the function of decision making which add in turn unnecessary costs to
total construction cost.
Delays have also been identified to be one of the principal factors leading to the high cost of construction. Once
a project exceeds the period contractually and reasonably required to complete a project, there is bound to be an
effect on expenditure or income of the contractor as well as the project / investment.
Cost Management as a Professional Practice
Under the circumstances, professional practice in construction cost management becomes an utmost important
requirement. Quantity Surveying professionals in the practice involve with this commercial management of projects
through various mechanisms such as feasibility inputs, procurement management strategies, cost planning, cost
reporting, cost monitoring, project management inputs and cost controlling during pre and post contract stages of
projects. Quantity Surveyors also provide knowledge inputs for value management, life cycle costing and whole life
costs, earned value concept, lean concept, green concept and most predominantly proper contract documentation.
This involvement always assists and guides investors in establishing holistic budgets and finalizing contracts
covering the supply chain. It should be noted that all the early estimates are based on prevailing market rates in
which it include all controllable and uncontrollable attributes inherited in construction processes which means
cost of managing construction process by the contractors is also included in the construction cost.
Cost management is therefore a form of management accounting over project economics and technicalities that
allow a construction business to predict impending expenditures to help reduce the chance of going over budget.
Many businesses employ cost management plans for specific projects, as well as for the over-all business model.
When applying it to a project, expected costs are calculated while the project is still in the planning period and are
approved beforehand. During the project, all expenses are recorded and monitored to make sure they stay in line
with the cost management plan. After the project is finished, the predicted costs and actual costs can be compared
and analyzed, as a feedback for future projects.
Impact and Corrective Measures
When considering the investments such as health, education, leisure, hospitality, manufacturing, warehouses etc,
construction cost represents major part of total investment. In investors point of view high construction cost
in such investments could be a negative or demotivating aspect in terms of pay-back period or internal rate of
return.
Such demotivating atmosphere leads investors in seeking different alternatives. Facilitate investors with efficient and
economical construction sector even with concessions beyond import duty waiver would be the better alternative
securing investment for healthy economy and demand for construction.
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IQSSL AGM - Theme of the Forum (Contd)


As a developing country, attracting private sector through investments is crucial and beneficial in terms revival
of economy with benefits of technology transfer, developing skilled human capital, advancement of sub sectors,
better infrastructures and public facilities, high living standards, etc. Indirectly, most of the national issues will be
addressed and if operates in correct direction more benefits would accrue. As such, creating conducive investment
environment becomes important with mitigated construction costs. It is responsibility of stakeholders to minimize
or avoid unnecessary cost elements through proper management processes. On the other hand the ways in adding
value to the construction output to compensate the cost must be sought.
Government policies and attractive tax structures may influence the impact while keeping the stakeholders
continuously aware of the current dimensions. Inefficiencies in the statutory authorities in giving approvals has
already been identified as a key concern and proposed one stop-shop concept may indeed speed up approval
process and help create more investor-friendly environment. Strategic and integrated planning including proper
training to technical and managerial staff, motivation schemes, skill development of work force, etc are integral
to manage the impacts on total costs hence investments. It is responsibility of all stakeholders to consider the
impact of construction costs in investments and act positively to find mitigation means via strategic planning and
reasonable efforts in eliminating sources of inefficiencies.
Summary
Increasing share of overall economic output being attributed to construction is no coincidence followed
by construction cost escalation will usually exceed the general rate of inflation during high demand for
construction.
A surge in demand, in carrying out mega infrastructure works, can have major effect on construction costs as it
may make the supply-demand imbalance. Certain countries such as Singapore have manly depended on imported
foreign workers to serve the industry. However, now it can be seen that policies are tightened to control foreign
worker quota. Further it must be noted that Malaysia has also imported construction workers from Indonesia and
Bangladesh to build the capacity of its construction industry. Sri Lanka should also soon find a solution to labour
issue.
With regard to new technology our local industry has mechanized certain construction processes such as
large excavations and ready mixed concrete works but remains largely labour intensive and without noticeable
innovations. I fact some technologies used before cannot be seen now such as pre cast concrete systems except for
limited types of construction works.
There are many materials used in construction which are nonstandard including basic materials such as bricks,
cement blocks, timber, tiles etc. while national construction specifications has published standards. This is the case
with some Standards published for measurements and procurement. Now substandard construction works also
increasingly evident from media reports. This provides evidence that industry is far from regulating its inputs and
outputs or further deteriorating though we are.
Without keeping responsibility of all regulatory reforms with the government the professionals and other
stakeholders should get involved in the development of industry as a cohesive unit. All such stakeholder institutions
should make an integrated effort to develop standards, skills etc. At least should take the first step forward as
Singapore is adopting prefabrication to improve construction productivity. The use of Prefabricated Bathroom Units
is mandatory for all residential government Land Sales project sites. The adoption of new production technologies
such as Prefabricated Prefinished Volumetric Construction and Cross Laminated Timber are also encouraged.
Volume of construction output will grow by more than 70% to about $15 trillion worldwide by 2025 as per the
published information. China and India only will need to build another 270 million new homes by 2025. By 2050,
there would be two billion additional city dwellers. National policies should focus local industry needs and identity
knowing global reality.
Sri Lanka had developed good human capital from free education and other measures, managed to overcome
menace of terrorism, naturally blessed with reduced disaster prone geography and rich land mass with lot of
natural resources. Hopefully some political stability will also be there. Some countries have not got luxuries many
of these but managed to develop construction industry of world class and attracted big investments. Shortsighted
policies will not help any more other than being stagnant. Serious rethinking of policies to bring standards and
more investment would be necessary rather than believing on outdated philosophies for a better construction
industry and investments promotion. Let us work together and positively in developing the construction industry,
bringing more investments and transforming Sri Lanka to a level of developed country.
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IQSSL College of Quantity Surveying (CQS)

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The College of Quantity Surveying (CQS) is the only Quantity Surveying educational institute placed directly under
the Institute of Quantity Surveyors Sri Lanka (IQSSL). The IQSSL is only the professional institute in Quantity
Surveying established by an Act of Parliament titled - Institute of Quantity Surveyors Sri Lanka (Incorporation) Act,
No. 20 of 2007.
As expressly described in the Act, one primary objective of the IQSSSL is to disseminate and impart knowledge on
Quantity Surveying (QS) and related subjects through educational programmes.
To achieve this objective, in 2005 the IQSSL established the College of Quantity Surveying.The CQS is dedicated
to provide high standard education to different categories of students in Sri Lanka who are interested in Quantity
Surveying education and practice. With increasing popularity, the CQS is educating and guiding apprentice Quantity
Surveyors in the industry and school leavers for professional practice in Quantity Surveying. As per the feed-back
from the industry, they have been very successful in catering for both local and foreign construction industries.
The CQS has already developed several courses of study delivered in English medium. The ultimate goal is to elevate
them to the Chartered Quantity Surveyor status after following Professional Level programmes and/or the Degree
programme, B.Sc.(QS) from year 2017.
Study Programmes Conducted by College of Quantity Surveying
The following study programmes are conducted at the College of Quantity Surveying.
1. Higher National Diploma In Quantity Surveying HND(QS)
2. Professional Level Programme
a. Professional Level 1
b. Professional Level 2
c. Professional Level 3
3. Preparatory lecture series for APC candidates, popularly called the Charter Classes for candidates who are
sitting APCs
4. B.Sc.(QS) from year 2017
In addition to classroom lectures, the CQS organizes induction programmes, refresher courses, CPDs, seminars,
study groups, guest lectures and group discussions etc. with the view of updating and facilitating the learning
process of Quantity Surveyors.
Programme Management
1.
Board of Management of College of Quantity Surveying (BOM) of the IQSSL is directly responsible for administration
of CQS. Higher National Diploma in Quantity Surveying programme is offered and managed by the CQS.
Professional Level 1,2,3 Exams and preparatory lecture series for APC candidates, popularly called the Charter Classes
are conducted by the Board of Quantity Surveying Education and Training (BQSET) of IQSSL. The administration and
management of Professional L1, L2, programmes L3 and APC Classes are conducted by the BOM of the IQSSL.
Higher National Diploma (HND (QS) in Quantity Surveying
This two and half year programme has been specifically designed and launched in January 2013, for the benefit of
school leavers who wish to join the Quantity Surveying profession. On completion of this study programme and
with approved employment by IQSSL, the students have two optional paths.
1. To follow professional Level 1, 2, and 3 and become a Technical Member of the IQSSL, or;
2. To continue with the B.Sc.(QS) for two years. (This path will be open for students from year 2017)

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IQSSL College of Quantity Surveying (Contd)


Those who wish to join the HND (QS) course at CQS have to satisfy following basic requirements:
1. 2 passes in GCE (A/L) in one and the same sitting in Mathematics or Science Streams Or;
2. 2 passes in GCE (A/L) in Commerce stream with a credit pass in General English and very good pass (minimum
B) for Science and Mathematics in GCE (O/L).
Professional Level-1, Level-2 and Level-3 programmes
Professional level programmes are designed to build knowledge towards becoming a Chartered Quantity Surveyor.
The candidates who were successful at Level 3 examination are entitled to apply for Technical membership of IQSSL.
After maintaining a diary for three (03) years Technical Members are eligible to sit for Assessment of Professional
Competence (APC) to obtain Chartered Quantity Surveyor status.
Charter Classes
IQSSL conducts its APCs twice each year. It is necessary to conduct preparatory lectures for potential candidates
preparing for APCs each year. The main objective of these lectures called Charter classes is to raise the standards
of APC candidates up to expected level of IQSSL to function and represent the profession of Quantity Surveying as a
Chartered Quantity Surveyor. Participation at these lectures is not mandatory. However, attending these lectures is
strongly recommended for candidates who are eligible to sit for APCs.
The Academic Staff of CQS
The College is blessed with a faculty, comprising of Chartered Quantity Surveyors and other specialists from related
subject areas. The members of academic staff are especially selected from senior most qualified industry professionals
and university academia. The rich blend enables the College to deliver HND and professional programmes and
B.Sc.(QS) in future, focusing on theory and best practices of Quantity Surveying education in Sri Lank
Join hands with College of Quantity Surveying of IQSSL to pursue a Quality Assured Professional Quantity Surveying
Education in Sri Lanka.
Panel of Lecturers - College of Quantity Surveying
Guest Lecturers
1. Ch.QS. H. D. Chandrasena ARMIT (QS), F.AIQS, FRICS, F.I.Q.S.SL, AI Arb (Aust)
2. Ch.QS. Hemantha Aponso BSc (QS) Hons, PG Dip (PM), F.I.Q.S.SL
3. Ch.QS. G.M. Upul Shantha BSc (QS) Hons, PG Dip (Const. Mgt.), MBA, A.I.Q.S.SL, A.A.I.Q.S
4. Ch.QS. Lalith Ratnayake BSc (QS) Hons, M.Sc. (PM), F.I.Q.S.SL
5. Ch.QS. Dr. Chandana Jayalath BSc (QS) Hons, M.Sc (Pro.Mgt.), DSc (EngMgt), PGDip (Cont.Mgt), F.I.Q.S.SL, FRICS, PG
Dip( Intl. Med), MCIArb
Panel of Lecturers
1. Ch.QS. Indunil Seneviratne B Sc (QS) Hons, M Sc CM, F.I.Q.S.SL
2. Ch.QS. Kanchana Perera B Sc (QS) Hons, M Phil, F.I.Q.S.SL, AAIQS, ICECA
3. Dr (Mrs) Yasangika Sandanayake B Sc (QS) Hons, PhD (UK), CTHE, SEDA(UK)
4. Ch.QS. Dr. Gayani Karunasena B Sc (QS) Hons, M Phil, PhD (UK), SEDA(UK), A.I.Q.S.SL, MBCS
5. Dr Thanuja Ramachandran B Sc (QS)
6. Dr Sachie Gunathilake B.Sc. QS (Hons) (SL)
7.
8.
9.
10.
11.

Ch.QS Anuradha S. Waidayasekara B.Sc. (QS) (Hons), M.Sc.(Civil Eng.), A.I.Q.S.SL, A.AIQS
Mr. Mahesh Abeynayake LL.B (Hons), LL.M (Colombo), Attorney-at-Law & Notary Public
Ch.QS. Nishantha Wickramasinghe B Sc (QS) Hons, M Sc (Pro. Mgt.), F.I.Q.S.SL
Ch.QS. Anoma Gunasekera B Sc (QS) Hons, PG Dip (CPM), F.I.Q.S.SL
Mr. Sarath Dissanayake B Sc (Civil Eng), M Sc (PM), AMICE (SL)

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IQSSL College of Quantity Surveying (CQS) (Contd)


Panel of Lecturers

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31.
32.
33.
34.
35.

Mr. B. Nandadasa Chartered Architect, Inter RIBA (London), SLIA


Ch. Archt. Hiranya Sandirigama AIA (SL)
Mr. Thomas Benjamin BA, Eng.SplTrd
Mr. Vipula Abeyrathna B Sc (Surveying Science), M Sc,(Germany), MSI(SISL)
Ch.QS. Bernard Gunaratne B Sc (QS) Hons, A.I.QS.SL
Ch.QS. Champa Liyanage B.Sc.( QS). Hons., M.Sc(LD.), F.I.QS.SL, FRICS, M.I.L.A( SL)
Ms. Tharusha Ranadewa B.Sc (QS) Hons,Green SLAP
Ms. Salika Waduthanthrige LL.B (Hons) Attorney-at-Law & Notary Public
Ms Akalanka Alexander Attorney-at-Law , Notary Public, Commissioner for oaths and Company Sec
Ms. Harshani Mallawarchchi B.Sc. (FM) Hons, Reading for MPhil
Mr Samitha Jayakody BSc (Civil Eng), M Eng(Struct.), MBA, MIE(SL), Chartered Eng.
Ch.QS. Subashini Dasanayaka B.Sc (Q.S) Hons, A.I.QS.SL, AAIQS
Ch.QS Jagath Basnayake A.I.QS.SL, ARICS
Ch.QS Tilanka Wijesinghe B.sc (Q.S) Hons, A.I.QS.SL
Ch.QS Chulika Dasanayaka B.sc (Q.S) Hons, , MRICS, MAIQS, A.I.QS.SL
Mr Indika Welikanna B.Sc (Surveying Sc), MSc.(Geoinformatics)
Ch.QS Pradeep Kumara B.Sc (Q.S) Hons, A.I.QS.SL
Ms A U A A Samaraweera B.Sc (Q.S) Hons, Reading for M.Phil, CIMA passed finalist
Ms Mathusha Francis B.Sc (Q.S) Hons, Reading for M.Phil
Mr Ruwan Udayanandana B.Sc Eng., MSc Mech. Eng (UK)
Ch.QS Prasad Dissanayake B.sc (Q.S) Hons, A.I.QS.SL, MCIOB (UK), Dip. In Commercial Arbitration
Ch.QS Jayantha Dimbukkuwalage B.Sc (Q.S) Hons , A.I.QS.SL
Ms Nipuni Sumanaratne B.Sc (Q.S) Hons
Ms Ruchini Jayasinghe B.Sc (Q.S) Hons

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COLLEGE OF QUANTITY SURVEYING
No. 108, Nawala Road,
Narahenpita, Colombo 05.
Tel: 0115 659959 / 0112 369798
Email: iqssl.college@yahoo.com
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19th PAQS Congress


The 19th Congress of Pacific Association of Quantity Surveyors (PAQS), an umbrella organisation of country associations,
was held in Yokohama, Japan, from 28th May to 1st June 2015. As many delegates discovered, Yokohama was the right place
for the conference themed Live together with Nature - Contribution to the sustainable world, as it is a city developed in
consideration of harmony of tradition, innovation, technology and nature.
Sri Lankan delegation to PAQS representing the IQSSL participated at the congress and it was a memorable event for Sri
Lankans by winning the 2015 PAQS IWATA Foundation Essay Competition and receiving re-accreditation for B.Sc(Quantity
Surveying) degree conducted by the Department of Building Economics of University of Moratuwa.

Kasun Gunasekara: Winner of 2015 PAQS Iwata Foundation Essay


Competition
The Pacific Association of Quantity Surveyors (PAQS) established the PAQS - Iwata Foundation for the purpose of promoting
the QS profession and professional development of young Quantity Surveyors in the PAQS region. The Foundation annually
sponsors an international essay competition among young members in PAQS member countries, in furtherance of those
objectives.
The winner of 2015 PAQS-Iwata Foundation Essay Competition, held under the theme of Living together with the nature
- contribution to the sustainable world was Mr. Kasun Gunasekara, a young Graduate Member of IQSSL. This is the first
time a Graduate member of the IQSSL won this Award. Mr. Gunasekara participated as an observer at the pre-congress PAQS
Board meetings and also took part in the Young PAQS Group meeting in Yokohama, Japan. He also presented the winning
essay at the PAQS 2015 Symposium.
The PAQS - Iwata Foundation is named in honour of late Mr. Toshiyuki Iwata, a Quantity Surveyor and member of the Building Surveyors Institute of Japan, who passed away in 2014. He started attending the PAQS Annual Congresses in the very
early days of PAQS in mid 1990s.

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Living Together with the Nature Contribution to the


Sustainable World
By Kasun Geethanga Gunasekara
Sustainability plays a key role in setting the path to a better life in a world
where gap between demand and supply of resources expands in an undesirable manner, along with uncertainties of living conditions. Construction
industry, as a major stakeholder in development, has direct and indirect impacts on the sustainable world.
Sustainable world
Being a materially closed system, the
Earth has its limitations with regard
to demand and supply of resources.
When population and consumption
are allowed exponential growth, sustainability requires humans to learn
to live within available means while
preserving the sources. A sustainable world encompasses the concept
of sustainable development which is
achieved by reconciliation of development goals with planets environmental limits over a long period of time
(National Research Council, 1999).
Construction, being a major industry
of the world economy, has a considerable impact on use of natural resources. Throughout life cycle, (from construction, through use, to demolition)
buildings utilize half of worlds energy
(Landry, 2011). According to the rate of
consumption of resources, buildings
are responsible for almost half of water
consumption, about one third of landfill waste and one quarter of all raw materials used (Strategic Forum for Construction, 2008). Furthermore, research
has linked construction industry to environmental disruption and pollution,
imposing severe impacts and stress
on environment (Kaneko, Yoshiura and
Kobayashi, 2014). As a major emitter of
Carbon Dioxide, (being responsible for
almost half of worlds carbon foot print)
construction industry has a social responsibility to reduce such emissions
(Brown, 2015). However, amidst prolonged attempts at reducing carbon

emissions linked to operational site


activities in United Kingdom, industry
has failed to achieve a key target for
2012 (Construction Manager, 2014), confirming the gravity of situation. Global
warming, as a main undesirable effect
caused due to carbon emission has resulted the average surface temperature
of world to get increased by 0.6 C during the last century.
The adverse effects of global warming on the next century will be melting of glaciers, rise in sea level, notable
increase in natural disasters, change
of ecosystems, spread of diseases and
decline of fresh water (National Geographic). Among these harmful outcomes, natural disasters such as Great
East Japan earthquake in 2011 and Indian Ocean tsunami in 2004 caused
a greater impact and reconstruction
work in post disaster situation has to
be of sustainable nature (Lizarralde,
Johnson & Davidson, 2010). This paradoxical effect further reminds that
sustainable world requires sustainable
construction to maintain the balance.
Getting closer to nature
Numerous concepts have been put
into use for adopting environmentally
friendly, pro-sustainability projects,
aiming at a balance between the environment and needs of an ever increasing population. Execution of ecofriendly projects, Disaster prevention
measures and effective business continuity planning are some of the measures adopted with that concept
Eco-friendly projects must utilize
natural resources, exhibiting sensible use and management throughout
the entire life cycle. Design philosophy
should be integrated of long-term environmental concerns, with special attention regarding stocks and flows of material and energy (Holcim Foundation,
2014). Green Building is a widely used
terminology that goes in line with ecofriendly concept. It is an outcome of a
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design philosophy which focuses on increasing the efficiency of resource use


while reducing impacts on health and
environment throughout a buildings
lifecycle, through better sitting, design,
construction, operation, maintenance,
and removal (Ratnayake, 2009). Reduction in operating costs by increasing
productivity and using less energy, improved public and occupant health due
to improved indoor air quality and reduced environmental impacts are some
outcomes of effective green building.
The direct impact of global warming
and environmental pollution has given
rise to major natural disasters in recent past. The World Banks Disaster
Management Facility (DMF) aims at reducing suffering and economic losses
caused by such disasters by promoting sustainable projects and initiatives that incorporate effective prevention and mitigation measures (Sahni &
Ariyabandu, 2003). Recent natural disasters reaffirm the need for more attention towards eco friendly attitudes.
For instance, while communicating its
environmental message of Connecting
people with nature, Takenaka Corp: a
major construction sector organization, targeted in achieving a sustainable society through its restoration and
reconstruction activities in disaster
stricken areas of the Great East Japan
Earthquake in 2011 (Aomame, 2012).
Business continuity planning
Business Continuity Planning (BCP)
focuses on managing the impact and
recovery effort following a disruption to business due to unforeseen
events and helps to keep damage to
reputation, productivity and profits to
a minimum (Continuity Forum, 2014).
Therefore, as an industry constantly
subjected to internal and external factors, construction is likely to incur
costly errors if proper BCP is not done
ahead of possible disaster events (Low,
Liu & Sio 2010).
Volume 04: Issue - 02, October 2015

FOCUS - Quarterly E-Journal of Institute of Quantity Surveyors, Sri Lanka

Living Together with the Nature Contribution to the


Sustainable World
With introduction of ISO 22301: the
international standard for business
continuity management, construction companies are able to demonstrate ability to drive business
performance, manage and reduce
risk and reach a sustainable growth
adapting
robust
management
frameworks (British Standards Institution,.
Along with measures taken for nature friendly sustainable life style,
the construction industry will have
to adopt above mentioned practices
to greater extent. Hence the role of
cost manager becomes pivotal in
assuring in achieving true sustainability. Projects must be economically feasible with regard to managing
financial flows and compatible with

demands across the lifespan of construction. Proving transparency and


legitimacy of funding sources and
profits, relating return on investments with life cycle costs, adapting to future economic fluctuations
(with the help of Building Information Management (BIM) based financial models) are some cost management tasks that lead to sustainability
(Holcim Foundation, 2014).
Role of cost managers
The role of a cost management professional becomes more diversified
and value added with the addition of
measuring carbon foot print and development of carbon/ green models
related to sustainable construction
(Seah, 2009). With increasing client
requirements of information linked

to sustainability related performance


aspects and possible value implications (Royal Institution of Chartered
Surveyors, 2013), it is inevitable that
construction cost managers need to
be able to respond quickly, to safeguard the profession (Seah, 2009).
The ultimate goal would be the implementation of total cost management which contributes to sustainable construction (Matipa, 2009).
The cost management professional
should achieve a valuable position
playing pivotal roles in the path towards living together with nature
and contribution to sustainable
world shall become a key responsibility of todays cost management
professional.

CPD Diary
Continuing Professional Development (CPD) sessions are a part of professional career enabling the
participants to share knowledge and experience thus demystifying any grey areas. IQSSL disseminates information
regarding the CPD sessions well in advance. IQSSL has a plan of interactive CPD sessions to be conducted by industry
personnel, representing different disciplines, on the topics of timely significance.

CPD No

Topic

Resource Persons

Round Table Discussion

Review of CESMMSL

IQSSL Council and quantity surveyors


from the industry

CPD No. 01 - October 2014

Procurement In Construction and Its


Practical Approach

Ch. QS Prasanna Pushpajith

CPD No. 02 - November 2014 Contract Administration Essentials


under FIDIC Conditions

Ms Eugenie Lip, Ch.QS Lalith Ratnayake,


Ch. QS RA Pradeep Rohana, Ch.QS. Senarath
Wetthasinghe, Ch.QS. Upul Shantha

CPD No. 03 - April 2015

Feasibility Studies in Construction Projects

Fellow and Corporate members of IQSSL

CPD No. 04 - July 2015

Whole Life Cost Approach in Evaluating


Public Private Partnerships

Prof. Srinath Perera

CPD No. 05 - August 2015

Streamlining the Construction


Productivity Improvement Process with
the Role Of A Construction Productivity
Improvement Officer (CPIO)

Prof. Janaka Ruwanpura,

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Membership Subscription
Dear Members
If you havent paid the subscription yet, please make arrangement to pay as soon as possible.
Our established payment methods are as follows;
1.
Direct Deposits

Account Name
: INSTITUTE OF QUANTITY SURVEYORS SRI LANKA.

Bank Name & Branch : Commercial Bank Borella.

Bank A/C No.
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Account Name
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Swift Code
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Bank Address
: Commercial Bank of Ceylon PLC.

# 21, Bristol Street Colombo -01.

Sri Lanka.
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Please send the original bank deposited slip to the Institute by registered post in order to update our records. If you have any
further queries, please do not hesitate to contact Ms Hansani on +94112595570 or e mail iqssl@sltnet.lk
With well wishes,
Institute of Quantity Surveyors, Sri Lanka
Hony, Treasurer

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