The Association of Costs Lawyers has published an excellent White Paper on the First Year of Costs Management.
Unfortunately, it repeats the myth that costs budgeting means Costs Lawyers are the “quantity surveyors of the litigation world”.
When a quantity survey puts a price on constructing a building, he knows the precise shape and size of the planned building. Give of take a margin of error of a few millimetres, at most, the end building should follow the exact measurements given in the architect’s plans. Working out the number of bricks required, sacks of cement, etc, is a scientific process. Quantity surveyors do not face the problem of not being sure whether the end building will be a bungalow, a skyscraper or a half finished flat.
There are going to be some very upset Costs Lawyer clients if they buy into this quantity surveyor myth.