- 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, hire a quantity surveyor. For feasibility, deal screening, and budgeting before you commit, PropertyLord AI gives you a credible number in 30 seconds. The paid launch layer is targeted at £29 a month; most developers we talk to use PropertyLord AI to screen 10 deals, then bring in 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 10–15% 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 that a lender or contractor will treat as authoritative. That’s 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 contractor?
- It’s an itemised feasibility, not a Red Book valuation. Lenders and main contractors will still want a QS-signed document for the project they’re 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% surcharge), area risk flags (flood, planning, tenure), basic capital stack maths, and the build-cost engine itself. The paid launch layer is targeted at £29/month and is meant to cover the whole feasibility surface — not just the build-cost number.