Project cost management, estimating, budgeting and value, Birmingham

17 October, 2018 | 09:00 - 17:00

Venue address:

etc Venues - Maple House
150 Corporation Street
Birmingham
B4 6TB
United Kingdom
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About this event

This training course has been mapped to:

  • UK-SPEC Competence C1: Plan for effective project implementation and C2: Plan, budget, organise, direct and control tasks, people and resources.
  • ICE Key Attribute 5A: Ability to prepare and control budgets
  • ICE Key Attribute 5C: A high level of commercial and contractual understanding and an ability to use it within own area of responsibility

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.

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