• 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.

• The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns.

• A workshop during the program will give the participant a hands on opportunity to Prepare a Project Estimate.

Program Dates

• The Multi-discipline nature of the Estimating Function.

• Issues and Methods for obtaining Realistic Cost Estimates

• Understanding Project Planning and how it Impacts Costs

• Methodologies for Work Scope Development

• Material Takeoff from Specifications Drawings.

• Applying Value Engineering Analysis to Estimating.

• Setting-up Cost Control Early Warning Systems.

• Using Computer Tools for Estimating.

• Sources of Estimating, Prediction and Value Engineering Information

• Cost Control Early Warning Systems for detection of overruns

• Assist participant develop Estimating Knowledgebase for his Section.

Who Should Attend?

Everyone with responsibility to Prepare, Review or Manage Estimates, Project Budgets, Proposals, Variation Orders, Cost Control and MIS Systems.

These will include Estimators, Managers, Engineers, Work Administrators, Project Supervisors, Project Managers, MIS Executives, Cost Control Staff…

PROGRAM AGENDA

(Subject to Customarization 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

Day 7

• Cost Control…

  • Achievement Measurement

  • Regular Achievement Analysis

  • Monitoring by Milestones

  • Monitoring by Variances

  • Impact of Variation Orders Claims

  • Predicting for Remaining Part of Work

• Reporting Variances

• Proactive Reporting using Early Warning Systems

Day 8

• Computer Tools for Estimating

• Value Engineering Implementation

• Quality Assurance in Estimating

• Program Recommendations and Your Action Plan

Day 9 (Workshop)

• Hands on Preparing an Estimate for a Project using Checklists & Forms

  • Feasibility Project

  • Design Project

  • Construction Project

Day 10 (Workshop)

• Evaluating Estimate or Cost Proposal Prepared by Others

  • Feasibility Project

  • Design Project

  • Construction Project

• Using Computer Tools for Estimating

For Latest Program Schedule Email:

    est200@EuroTraining.com