About the Course
A sound estimate must reflect the project’s scope, production method, risks and commercial terms. Incorrect assumptions or weak follow-up can quickly turn a profitable contract into a project with a negative margin.
This course provides a practical understanding of estimating from early project stages and tendering through production and the final cost forecast. Participants work with cost structures, quantities, resources, uncertainty and monitoring. The successive principle is presented as a method for making uncertainty visible and improving forecasts and decision material.
This course covers
- The purpose of estimates at different stages of a construction project
- Quantities, resources, production methods and unit rates
- Direct costs, overheads, risk allowances and margin
- Tender estimates and their link to the contractual scope
- Successive estimating using minimum, most likely and maximum values
- Uncertainty, risks and opportunities in cost assessment
- Production estimates, budgets and ongoing cost monitoring
- Final cost forecasts, variance analysis and lessons learned
For more Information or Registration please contact us