NIQS Embarks on Development of Comprehensive Cost Databank to Guide Project Implementation

Bennett Oghifo

The Nigerian Institute of Quantity Surveyors (NIQS) has embarked on the development of a comprehensive cost databank to guide project implementation in the country. 
The President of the Nigerian Institute of Quantity Surveyors, QS Kene C. Nzekwe stated this at the opening ceremony of the NIQS’ national workshop held in Abuja recently.
Nzekwe described this databank as a significant initiative, and that when completed, it would serve as a critical tool for enhancing transparency and accountability in the construction sector, allowing for effective monitoring and regulation of construction costs at local, state, and federal levels. 

He said, “With this resource, we can ensure that every Naira spent on construction projects is accounted for, and that value for money is consistently achieved.”
He appealed to the government to involve quantity surveyors in all construction projects to ensure accountability and implementation of necessary checks and balances. 

“As we gather here today, I would like to make a fervent appeal to the government: for the sake of accountability and the implementation of necessary checks and balances, it is imperative to involve quantity surveyors in all types of construction projects across the country. By doing so, we can collectively ensure that our national resources are judiciously managed and that our development goals are met with integrity and professionalism.”
He said the theme of this workshop, “Innovative and Sustainable Construction Practices – Building a Resilient Cost-based and Knowledge-driven Industry with Integrity,” was thoughtfully selected “to underscore the critical importance of knowledge, integrity, and innovation in fostering a sustainable construction industry and, by extension, a resilient nation.

“Our profession, rooted in the principles of financial probity and accountability, plays an indispensable role in the lifecycle of all construction projects, be it civil engineering, building, heavy engineering, or industrial development. Quantity surveyors are uniquely positioned to ensure that projects are not only delivered on time and within budget but also that they meet the highest standards of efficiency and sustainability.

“Over the years, our members have consistently demonstrated a commendable level of ingenuity and integrity. Through meticulous cost management and expert advisory, they have saved the nation from the wastage of scarce resources, thereby contributing significantly to national development. This workshop is designed to further empower our members, equipping them with the latest knowledge and skills to continue this vital work and to expand their capacity to deliver even greater value to the nation.”