School Event

Estimating, Costing & Pricing of Construction Tenders

Course Outline

SESSION 1:  Introduction                          

1.       What - Defining estimate, cost and price                                                                 

2.       Why - Importance of estimating, costing and pricing                          

3.       Where – Uses of estimating, costing and pricing

4.       When – Competitive bidding in action

5.       Definitions                                                            

SESSION 2:  Contextual Framework                              

1.       Role-players                                                                                 

2.       Standards and uniformity

3.       Procurement and tendering

4.       Types and forms of contracts

5.       Pricing and contracting strategies

6.       Specifications and quality requirements

7.       The programme

8.       Available software                                                                            

SESSION 3:  General Principles  

1.       Establishment and P&G                                                  

2.       Securities and insurances                               

3.       Escalation                                                                              

4.       Pricing data and standard units                                                                    

5.       Schedule of quantities (BOQ)                                                                          

SESSION 4:  Measurement           

1.       Field investigation                                                                             

2.       Units of measurement                                                                                                    

3.       Rules of measurement                                                                                                    

4.       Coding, numbering and the preparation of the SoQ (include activity)  

INTRODUCTION

·         Definitions, importance and uses of estimating, costing and pricing

·         Competitive bidding in action

·         Definitions

 

CONTEXTUAL FRAMEWORK

·         Role-players

·         Standards, uniformity, types and forms of contracts

·         Pricing and contracting strategies

·         Available software

 

GENERAL PRINCIPLES

·         Establishment, P&G, securities, insurances and escalation

·         Pricing data and standard units

·         Schedule of quantities (BOQ)

 

MEASUREMENT

·         Field investigation

·         Units and rules of measurement

·         Coding, numbering and the preparation of the SoQ

 

QUANTITY ESTIMATING

·         Types of estimating

·         Accuracy of the estimation

·         Using the Schedule of Quantities

·         Day works and common pitfalls

 

CLIENT COSTING

·         Change management

·         Accuracy of costing

·         Fixed, variable, direct and indirect costs

·         Hidden costs and contingencies

 

TENDERER PRICING

·         Site visits and investigation

·         Keeping records and collecting information

·         Production determination, profits and mark-up

·         Time calculation VS client requirement

 

CONTRACT COMPLETION

·         Recording of information

·         Cash flow, S-curves and cost management                                                    

Dates and Times:
  • Mon 11 February 2019  08:30 to 16:30
  • Tue 12 February 2019  08:30 to 16:30
Type: Course
Venue: Westville Conference Centre, Durban
Fee: R 5 695.65 excl. VAT
CESA / SAICE member fee: R5 090.40 excl. VAT
CESA Validation Num: CESA-860-05/2019
CPD Points: 2
Coordinator: Blessings Banda