Estimating, Costing & Pricing of Construction Projects and Tenders

Who Should Attend?

• Construction Project Managers
• Construction Managers
• Candidates -in-training
• Engineers
• Cost Estimators
• Quantity Surveyors
• Procurement Officials
• Contract Managers
• Purchasing Staff
• Cost Planners
• Tender Administrators
• SCM members
• Contractors
• Client’s Representative
• Risk Assessors
• Construction Industry Professionals
• Quality Managers

Course Outcomes:

• Confidently estimate project time scales and costs
• Identify, assess
• Manage schedule, cost, scope, and resource risks
• Know about Measurements
• Estimation of quantities Costings
• Pricing of tenders
• Cash flow and cost management
• Various facets of estimation and pricing with practical aspects highlighted

Course Outline:

Introduction

• Definitions, importance, and uses of estimating, costing and pricing
• Competitive bidding in action
• Definitions

Contextual Framework

• Role-players
• Standards, uniformity, types, and forms of contracts
• Pricing and contracting strategies
• Available software

General Principles

• Establishment, P&G, securities, insurances, and escalation
• Pricing data and standard units
• Schedule of quantities (BOQ)

Measurement

• Field investigation
• Units and rules of measurement
  
• Coding, numbering, and the preparation of the SoQ

Quantity Estimating

• Types of estimating
• Accuracy of the estimation
• Using the Schedule of Quantities
• Dayworks and common pitfalls

Client Costing

• Change management
• Accuracy of costing
• Fixed, variable, direct, and indirect costs
• Hidden costs and contingencies

Tenderer Pricing

• Site visits and investigation
• Keeping records and collecting information
• Production determination, profits, and mark-up
• Time calculation VS client requirement

Contract Completion

• Recording of information
• Cash flow, S-curves, and cost management