One profession, several different reports
A quantity surveyor works with construction costs and related project information. The right assignment depends on who needs the report and what decision it supports. A tax schedule, project budget and lender progress report should not be treated as interchangeable.
Compare the main purposes
| Report | Question it helps answer | Useful information |
|---|---|---|
| Tax depreciation schedule | What construction and asset information is relevant to tax reporting? | Ownership, rental dates, construction records and existing schedules. |
| Construction cost report | What costs fall within the instructed project assessment? | Plans, specifications, contract, budget and exclusions. |
| Construction progress report | What has been completed within the lender's reporting brief? | Facility instructions, claims, variations and inspection access. |
Choose the purpose before requesting a quote
Explore depreciation schedules, construction cost reports and stage inspections. Send the intended recipient's instructions with your enquiry. A lender may require its own appointed professional or particular reporting format.
Check the professional and scope
Ask about experience relevant to the assignment, qualifications, any registration needed for the work and the proposed evidence or inspection. Confirm what the report excludes, how additional work is approved and who can rely on it.
Frequently asked questions
Is a QS report a market valuation?
No. Construction cost and depreciation assignments address different questions from a market valuation of the property.
Does a report guarantee a tax saving?
No. Your tax adviser assesses eligibility and the treatment of the information.
What does it cost?
The fee depends on the assignment and property. Request a written quote specifying GST, inspection arrangements, deliverables and timing.
Sources and further reading
- AIQS: The quantity surveying profession — Professional roles in construction cost assessment.
Arrange the right report
Explore quantity surveying with Propti. Send the property address, purpose, required date and recipient’s instructions when you request a property report quote.