The current construction Greek market is experiencing heightened volatility, driven by increased demand, supply chain disruptions, and a persistent shortage of skilled labor. As a result, many contractors are already operating at full capacity, juggling multiple active projects.

In this climate, contractors are becoming highly selective about the new tenders they pursue. Rather than aggressively competing for every opportunity, they often choose to overprice new bids. This approach reflects a clear strategy: if they are to take on additional risk and stretch their limited resources further, the reward must be significantly above average. Unless a new project promises exceptional profitability, many contractors would rather pass.

For developers and investors, this presents several challenges:

 

• Unrealistically high bid prices may distort budget forecasts
• Reduced competition among contractors can weaken the negotiation position
• Projects risk delays in mobilization due to resource scarcity

 

How Early QS Engagement Can Protect Your Investment

In this context, the role of a Quantity Surveyor (QS) becomes more vital than ever. Engaging a QS from the early design stages enables proactive cost oversight and helps mitigate the risks associated with inflated bids.

A professional QS can:

• Conduct benchmarking and market testing to assess whether contractor pricing is aligned with actual market conditions
• Review tender documentation and BOQs to identify missing or ambiguous scope, which often leads to cost escalations and claims
• Apply structured methodologies like value engineering, analogous estimating, and cost planning to ensure designs remain within budget
• Act as a strategic advisor, providing a clear understanding of cost implications for design and procurement decisions