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Project, Contract & Procurement Seminars


Estimating, Budgeting, Cost Control & Value Engineering


REF: P9400  DATES: 19 - 30 May 2019  VENUE: Amman (Jordan)-Vip Business Center  FEE: 3750 

Overview:

In this program you will learn about...

  • 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 Content

(Subject to Customization by Program Director based on Participant Group)

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.
COURSE DATES
19 - 30 May 2019
COURSE REF
P9400
VENUE
Amman (Jordan)
Address
Vip Business Center
COURSE FEE
3750 

Vip Business Center

Vip Business Center

COURSE REF: P9400

Estimating, Budgeting, Cost Control & Value Engineering

Amman (Jordan)

COURSE DATES: 19 - 30 May 2019
Address: Vip Business Center
COURSE FEE: 3750 

BOOKING INQUIRY
 

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