This one day training course equips you with the ability to prepare and control budgets, and confidently manage costs within your project's commercial framework.
During the training course you will address three broad themes that underpin project cost:
The project budget - What is the project budget and how does it compare to the final cost
Cost estimating - How do we develop an estimate of the cost - and does this differ between client, designer and contractor
Risk and value - How are risk and value incorporated into the budget
Set against a background of estimating in the construction industry you will explore the elements of project cost and how budgets are established. Working from first principles, cost build up and bills of quantities will be developed and tested using case studies. Contractor tender pricing processes and the effects of risk, value and decision making on project costs will be explored.
The further learning value and structure of this training course conforms to CPD guidelines.