The degree of success achieved in any construction project depends upon the ability to project as accurately as possible the various conditions and contingencies which may arise during the construction period. One can then provide for these factors when selecting the methods to be adopted in the project and equipment required to carry out the work in the most efficient way. In the estimating stage, proper knowledge of hazards, risks and needed resources in a given construction project is essential in the determination of a project’s tender price. This would not only produce a competitive bid price, but would also be useful in the anticipation of losses brought about by unexpected events and major revisions.

This seminar intends to equip the participants with the necessary background knowledge and tools in estimating and analyzing construction cost.

Price ₱13,000

Description

Duration: 3 Days
Training Fee: Php 13, 000

 

Who Should Attend:
• Cost Estimators and Analysts
• Project Engineers / Planners
• Constructors and Contractors
• Engineering Practitioners / Faculty

 

Rationale:
The degree of success achieved in any construction project depends upon the ability to project as accurately as possible the various conditions and contingencies which may arise during the construction period. One can then provide for these factors when selecting the methods to be adopted in the project and equipment required to carry out the work in the most efficient way. In the estimating stage, proper knowledge of hazards, risks and needed resources in a given construction project is essential in the determination of a project’s tender price. This would not only produce a competitive bid price, but would also be useful in the anticipation of losses brought about by unexpected events and major revisions.

This seminar intends to equip the participants with the necessary background knowledge and tools in estimating and analyzing construction cost.

 

Objectives:
At the end of the seminar-workshop, the participant is expected to:

1. Understand the step-by-step procedures in cost estimating, analysis, and bidding processes
2. Identify and examine the components of construction cost variability
3. Gain insights on the realistic assessment of factors which can influence the final bid price
4. Design and organize a system for estimate development to support and facilitate project control processes.

 

Course Outline:
1. Principles of Estimation

1.1 Purpose of Estimating Quantities and Prices

2. Estimating Phases in a Project Cycle

2.1 Budgetary Estimate
2.2 Programming Estimate
2.3 Schematic Estimate
2.4 Preliminary Estimate
2.5 Final or Bidding Document Estimate
2.6 Construction Estimate
2.7 As-Built Cost vs. Final Estimate

3. Selection Process for Prospective Contractor

3.1 Preparing a Shortlist of Bidders
3.2 Pre-Qualification Stage
3.3 Invitation to Bid
3.4 Bid Documents Requirements

4. Workshop-Lecture

4.1 Quantity Take-off using Standard Computation Formats
4.2 Preparing an Organized Bill of Quantities
4.3 Learning to Organize Computations and Estimates

5. Overview of Cost Elements

5.1 Direct Cost Elements

5.1.1 Material Cost Derivation
5.1.2 Labor Cost Derivation
5.1.3 Equipment Cost Derivation
5.1.4 Sub-Contractor Quotation
5.2 Indirect Cost Elements
5.2.1 Overhead Costs
5.2.2 Contingencies & Miscellaneous
5.2.3 Taxes, Fees, etc.

6. Workshop-Lecture

6.1 Price Derivation for B.O.Q. using Standard
6.2 Formats, Prices, Productivity Rates and Extensions

7. Bidding Process

7.1 Types of Bidding
7.2 Award to Prospective Contractor

7.2.1 Contract Preparation and Types of Contract
7.2.2 Major Factors Affecting the Final Bid Price
7.2.3 Letter of Intent/Award
7.2.4 Notice to Proceed

8. Productivity & Quality