This Program is Intended for any Professionals Preparing, Analyzing, Auditing or Approving Estimates. Proposals, Value Engineering Ideas, Claims or Budgets.
The program will provide the participant with the essential methodologies and tools for effective estimating, budgeting, cost control and value engineering on his job.
The program emphasises use of standardized methods, procedures, knowledgebase and checklists.
Program Content
(Subject to Customization by Program Director based on Participant Group) (Program Timings 8:30 AM to 2:30 PM) (Some Days 3:00 PM - 7:30 PM)
Day 1
Registration
Program Introduction
Program Overview
Estimating & Cost Control Problems
Day 2
Understanding the Estimating Problem
Estimating vs. Guess Work
Classification of Costs
Bidding & Negotiation Issues
Analyzing Production Costs
Day 3
Impact of Contract Conditions on Estimates
Good Practices in Estimating (Quality Assurance)
Day 4
Defining Work Scope & Objectives: Physical, Documentation & Strategic
Understanding Planning & Scheduling
Impact of Planning Decisions on Costs
Cost Escalation
Day 5
Material Takeoff
Standard Material Costs Data
Work Method
Productivity
Labour Hours
Labour Rates Data
Day 6
Site Overheads
Head Office Overheads
Profit Allowance
Contractor's Contingency Allowances
Owner/Client's Contingency Allowances
Value Engineering
Program Recommendations and Your Action Plan
Training Course: Estimating, Budgeting, Cost Control & Value Engineering
Training Course: Estimating, Budgeting, Cost Control & Value Engineering
