- Does PropertyLord AI replace a quantity surveyor entirely?
- No, and we don't want it to. For final tender, lender-grade RICS valuations, and disputed builds, instruct a quantity surveyor. For screening, feasibility, and budgeting before you commit, PropertyLord AI gives you a credible number in 30 seconds. The paid plan launches at £29 a month. Most developers we talk to use PropertyLord AI to screen 10 deals, then instruct a QS for the one they pursue.
- How accurate is the build-cost estimate compared with a QS quote?
- It uses 28 trades, three quality tiers, and 11 UK regional multipliers benchmarked against RICS data. Expect the PropertyLord AI figure to land within roughly 10 to 15 percent of a full QS bill of quantities on a standard build. Close enough to make a confident offer, not close enough to sign a contract on. For final tender you still want the QS.
- Why do quantity surveyors charge £2,000-£5,000 per project?
- A QS reads your drawings, prices each trade against current sub-contractor quotes, and produces a signed document a lender or contractor will treat as authoritative. That is real work and worth the fee on the deal you actually pursue. The problem is paying it on every deal you screen, including the ones that never happen.
- Can I send the PropertyLord AI output to a lender or main contractor?
- It is an itemised feasibility, not a Red Book valuation. Lenders and main contractors will still want a QS-signed document for the scheme they are funding or building. Use PropertyLord AI to decide whether the deal is worth instructing a QS in the first place.
- What does PropertyLord AI cover that the build-cost figure alone doesn't?
- SDLT (HMRC-accurate, including the 3 percent surcharge), planning flags (Article 4, conservation, flood), comparables from Land Registry, basic capital stack maths, and the 28-trade build cost engine itself. The paid plan covers the whole feasibility surface, not just the build cost number.