NZIQS Code of Ethics 2005 Edition

CODE OF PRACTICE AND
PROFESSIONAL CONDUCT
2005 Edition
(Approved at AGM 23 June 2005)
NEW ZEALAND INSTITUTE OF QUANTITY SURVEYORS
(INCORPORATED)
CODE OF PRACTICE AND PROFESSIONAL CONDUCT
INTRODUCTION
1. All members of the Institute of Quantity Surveyors (Inc) are governed by the
Constitution and Rules and By-laws of the Institute and by the rules of conduct
set out in this code.
2. The following terms throughout have the following meanings;
a. ‘member’ means a member of the New Zealand Institute of Quantity

Surveyors Incorporated;
b. ‘Institute’ mean the New Zealand Institute of Quantity Surveyors
Incorporated;
3. The following Code indicates the general standard of conduct to which all
members of the Institute must adhere, failing which, the member may be
disciplined as provided in the Constitution and Rules. A case of
unprofessional conduct not specifically covered by this Code, will be dealt with
by the Council having regard to the particular circumstances of that case.
4. The following Code shall apply to all members individually and collectively. A
member may be liable for any breach of this Code by their partners, fellow
directors, employees or others acting on their behalf, if the breach was
committed with that member’s concurrence or prior knowledge.
GENERAL CONDUCT
5. A member shall at all times;
a. be honest in actions and manner

b. carry out their work with the high standards to be expected of a
professional and always act with integrity
c. treat others fairly, tolerantly and with respect
d. set a good example and uphold and improve the dignity, standing and
reputation of themselves, the quantity surveying profession and the
Institute
e. comply with any extant standard, policy or order published by the
Institute.
6. No member shall, either directly or indirectly, take any action to injure

maliciously, falsely or unjustly the professional or personal reputation of
another member, other quantity surveyor or allied professional person but
shall have the moral obligation to expose illegal or unethical conduct of any
such person to the proper authorities.
7. No member shall misrepresent their professional qualifications.
8. No member shall comment on the work done, or fees charged by another

member unless, in the course of their professional duties, they are required to
review the work of that other member. At such times, the member shall use
their best endeavours to inform the other member, to obtain all the facts and to
present their findings fairly, impartially and without bias or recrimination and,
as may be compatible with their terms of reference or their duty to their
employer.
9. Members shall give advice, which is fully in accordance with normal

professional standards.
CONFLICT OF INTEREST
10. No member shall:
(a) hold, assume or consciously accept a position in which their interest

would be in conflict with their professional duties;
(b) act, whether for remuneration or other consideration, for more than one
party in respect of any particular work without the specific consent of all
the parties concerned;
(c) act in conflicting positions on the same works;
(d) price any part of a Schedule of Quantities prepared in their office or at

place of employment except on behalf of the client commissioning the
original work, unless by client’s consent;
(e) undertake the pricing of any Schedule of Quantities prepared by

another firm for the same works, for more than one client.
11. Members shall not have any significant financial interest, undisclosed to their
client, in any organisation with which they may have occasion to deal on
behalf of their client.
12. A member shall disclose to an employer and/or client any conflict or potential
conflict of interest.
PARTNERS AND DIRECTORS OF QUANTITY SURVEYING FIRMS OR

COMPANIES AND MULTI-DISCIPLINED FIRMS OR COMPANIES
13. A member shall not be a shareholder or director of a corporation or limited

liability company, or partner of a partnership, carrying on the business of
Quantity Surveying which does not comply with the Schedule of Requirements
(as prescribed by Council) or which does not comply with the requirements or
incorporation approved by another professional group or body approved by
and whose requirements of incorporation are acceptable to the Council.
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14. Members who carry on their practices as a shareholder or director of a limited
liability company shall ensure that the company does not engage in any
activity or be guilty of any conduct contrary to this Code, which, if done by the
member, would have been contrary to this Code or inconsistent with their
responsibility as a Quantity Surveyor.
FALSE STATEMENTS
15. No member shall knowingly prepare or certify any statement which is false,
incorrect, misleading or open to misconstruction by reason of misstatement,
omission or suppression of a material fact or otherwise.
ACCURACY
16. Reliance placed by clients, employers, shareholders, investors, creditors and

the public generally on the accuracy and good faith of statements prepared or
certificates given by members constitute one of the most valuable assets of
the profession and the utmost care and good faith are necessary to ensure the
maintenance of the highest standards in this respect.
17. In submitting any report, a member shall observe the highest standards of
professional competency.
CONFIDENTIAL INFORMATION
18. No member shall divulge without authority, or use improperly, information

received in the course of any assignment or engagement.
DIRECTION ON ADVERTISEMENTS AND OTHER PUBLIC ANNOUNCEMENTS
19. When advertising, members should give due consideration to the dignity of the
profession of Quantity Surveying. (Refer to Guidance Notes on Advertising as
prescribed by Council.)
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CODE OF PRACTICE AND

CODE OF PRACTICE AND PROFESSIONAL CONDUCT

2. The following terms throughout have the following meanings;

a. ‘member’ means a member of the New Zealand Institute of Quantity

5. A member shall at all times;

a. be honest in actions and manner

6. No member shall, either directly or indirectly, take any action to injure

8. No member shall comment on the work done, or fees charged by another

9. Members shall give advice, which is fully in accordance with normal

10. No member shall:

(a) hold, assume or consciously accept a position in which their interest

(c) act in conflicting positions on the same works;

(d) price any part of a Schedule of Quantities prepared in their office or at

(e) undertake the pricing of any Schedule of Quantities prepared by

PARTNERS AND DIRECTORS OF QUANTITY SURVEYING FIRMS OR

13. A member shall not be a shareholder or director of a corporation or limited

16. Reliance placed by clients, employers, shareholders, investors, creditors and

18. No member shall divulge without authority, or use improperly, information

DIRECTION ON ADVERTISEMENTS AND OTHER PUBLIC ANNOUNCEMENTS

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