Estimating, Costing and Pricing for Construction Tenders
A two-day course to introduce and improve skills in construction project planning, scheduling and programming.
Description
This Project Management training course focuses on how to deliver comprehensive reliable plans with time and cost estimates that gives the owner or sponsor of projects, high levels of confidence for project delivery. In addition, the plans need to be realistic with a full view of any risks faced during and after the project life cycle.
The decision to proceed with a project is based on early, high level conceptual estimates. However, these can be wide ranging and therefore more detailed estimates need to provide the basis for the cash flow projections and schedule forecasts.
This ICL training course will feature:
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Gaining knowledge of techniques used in the estimating, from the conceptual stage to the final detailed estimate
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Understanding the different types of estimates used to give confidence and progressively estimate project costs and schedule
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Contextual framework
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General principles
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Measurement
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Quantity estimating
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Client costing
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Tendering pricing
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Contract completion.
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An integrated approach to scope, time, resources and cost management into a dynamic and manageable model
Course Objectives
Attend this course and learn about:
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Measurements
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Estimation of quantities
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Costing and pricing of tenders
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Cash flow and cost management
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Various facets of estimation and pricing with practical aspects highlighted
How will this Training Course be Presented?
Live-Online
Who is this Training Course for?
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Those who have a project role such as project managers, cost estimators, project schedulers, project designers, project planner, contract professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
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Senior managers who want to understand best practice in project management
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Quantity surveyors
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SCM members
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Contractors
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Consulting Engineers
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Clients
The Course Content
SESSION 1: Introduction
1. What - Defining estimate, cost and price
2. Why - Importance of estimating, costing and pricing
3. Where - Uses of estimating, costing and pricing
4. When - Competitive bidding in action
5. Definitions
SESSION 2: Contextual Framework
1. Role-players (include activity)
2. Standards and uniformity
3. Procurement and tendering
4. Types and forms of contracts
5. Pricing and contracting strategies
6. Specifications and quality requirements
7. The programme
8. Available software
SESSION 3: General Principles
1. Establishment and P&G
2. Securities and insurances
3. Escalation
4. Pricing data and standard units
5. Schedule of quantities (BOQ) (definitions activity)
SESSION 4: Measurement
1. Field investigation
2. Units of measurement
3. Rules of measurement
4. Coding, numbering and the preparation of the SoQ (include activity)
SESSION 5: Quantity Estimating
1. Level of skills required
2. Types of estimating
3. Accuracy of the estimation
4. Resource requirement
5. Using the Schedule of Quantities
6. Dayworks
7. Common pitfalls
8. Practical estimation (include activity)
SESSION 6: Client Costing
1. Change management
2. Accuracy of costing
3. Fixed and variable costs
4. Direct and indirect costs
5. Hidden costs and contingencies
6. Practical costing (include activity)
Session 7: Tenderer Pricing
1. Site visits and Investigation
2. Keeping records and collecting information
3. Production determination
4. Profits and mark-up
5. Time calculation VS client requirement
6. Practical pricing (include activity)
Session 8: Contract completion
1. Recording of information
2. Cash flow
3. S-Curves
4. Cost management