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Course Title:

Course ID:

090924 0101 390PRA

Course Dates :

09/Sep/2024

 To

20/Sep/2024

Course Duration :

10

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£9,896.03

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$12,661.33

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Construction Management, Contract, Tendering, Budgeting, Estimating

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

The cost of a project is the most significant factor in its becoming a reality. Costs are dealt with at the beginning of a project by preparing a “budget cost estimate” incorporating relevant historical cost data and the creative skill of a seasoned estimator with similar project experience.
This is the most important, as well as the most difficult, type of estimate to prepare accurately.
The increasing demands for capital projects are placing greater stress on available funding resources. In this period of belt-tightening and reduced budgets, it is imperative to find ways of doing more with less.
Value Engineering (VE) has proved to be a valuable tool in stretching capital, construction, operation, and maintenance dollars to achieve the required goals for reduced costs, both in the public and private sector.
Use of VE techniques also typically results in improvements in facility performance, even at these lesser costs.

Objectives

This course will provide a basis for the many areas of estimating that may be faced by the design and construction professional.
It will provide "hands on" examples to facilitate a familiarity with different types of estimates and their components. With this basis, a person, through research, study and practical application, can further expand their cost estimating skills relative to their own profession or branch out into new areas of estimating.
Other methods of cost control, such as value engineering.
Upon completion of this training course, participants will know:
• Mitigation of risk by selection of the most suitable project design type
• Methods of selection of the most suitable building systems
• Terms and conditions - examples of commercial terms
• Reducing total cost of project without any changes of functions and quality.
• Developing better building functions.
• How to determine fair and reasonable prices and times.
• Structuring economic price adjustments.
• Negotiation planning and strategies
• Value Engineering management techniques

Who Should Attend?

This course is targeted for:
• Chief Executive Officers
• Finance Managers
• Human Resources Managers
• Project Managers
• Planners
• Information Technology Managers.
• Architectural engineers
• Structural design engineers
• Construction engineers
• Mechanical engineers
• Electrical engineers
• Process / operation engineers

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day One
Welcome & Introductions
• Welcome & Opening Remarks
• Participant Introductions
• Objectives of Training Course
• Course Organization & Agenda
Cost Management Process in Planning & Design
Introduction to Project Budgeting & Concept Estimating (CH 1 + 2)
• Budget Elements
• Design Phases
• Cost Control Concept
• Historical Budget Techniques
• Estimating Standards
• The Uniformat Elemental Classification
Capitalized Approach to Project Budgeting (CH 3)
Sample Project Cost Plan / Cost Model
• Construction Market Survey
• Regional & National Market Conditions, Potential Bidders
• Labor Availability, Productivity and Union Rates
• Material Availability and Unit Price Summary
• Market Analysis Survey Questionnaire
Fixing Project Scope (CH 4)
• Facilities Functional & Technical Programs
• Key Cost Drivers
Computing Program Area Requirements (CH 5)
• Space Efficiency
• Rules of Measurement
• Converting Net of Gross
Case Studies – Example Estimates
• Case Study 1: Historical Comparative Budget Estimate (UDM)
• Case Study 2: Parametric Budget Estimate (EMU)
• Case Study 3: Parametric Concept Design Estimate (4th Precinct):
Assignment Reading Assignment, Chapters 1-6

Day Two
Discuss Reading Assignment
Budget Estimating Approaches
• Capitalized Approach to Project Budgeting (CH 3)
• Historical Projects, Comparable Costs (Per UM) + Summary Level 1
• Parametric Uniformat Level 3 Systems + Summary Level 1
Case Study Project Budgeting (DTF Office)
• Team Formation & Project Familiarization
• Project Scope (CH 4)
• Program Area Requirements (CH 5)
Historical Comparative Budget Estimate
• Office Historical Costs
• Estimate Summary Assumptions
Project Workshop
• Determine Average Historical Costs
• Complete Budget Estimate Summary (Level 1)
Parametric Systems Budget Estimate
Establishing Configuration / Massing (CH 6)
• Sitting the Building/ Configuration
• Statistical Configuration Process
• Building Statistical Description Summary
Project Workshop
• Determine & Document Configuration Quantities
Documenting Quality (CH 8)
• Quality Standards / Levels
• Sample Documentation by Element
Project Workshop
• Determine & Document Quality
Parametric Systems Budget Estimate Completion
• Uniformat Systems & Quantities
Project Workshop
• Determine & Document Systems Level 3 Costs
• Complete Project Summary Level 1
Assignments
• Project Assignments
• Reading Assignment, Chapter 7

Day Three
Discuss Project Assignment/ Turn-in
Concept Design Estimating Approaches
• Parametric Uniformat Level 4 & 5
• Quantity Take-off Cost Items
• Summary Level 1 Uniformat
Case Studies - Concept Estimating (Multi-Tower, NPS, PAAET)
• Team Formation
• Project Familiarization
• Project Scope (CH 4)
• Program Area Requirements (CH 5)
Project Workshop
• Determine Configuration Quantities
Determining Quantities/ Costs for Structural Elements (CH 7)
• System 01 – Foundation
• System 02 – Substructure
• System 03 – Superstructure
Project Workshop
• Determine Quantities/ Costs, systems 01-03
• Determining Quantities/Costs for Architectural Elements (CH 7)
• System 04 – Exterior Closure
• System 05 – Roofing
• System 06 – Interior Construction
Project Workshop
• Determine Quantities/ Costs, systems 04-06
Assignments
• Project Assignments
• Reading Assignment, Chapter 7

Day Four
Discuss Project Assignment/ Turn-in
Determining Quantities/Costs for Mechanical Elements (CH 7)
• System 07 – Conveying Systems
• System 081 – Plumbing
• System 082 – HVAC
• System 083 – Fire Protection
• System 084 - Special Mechanical Systems
Project Workshop
• Determine Quantities/ Costs, Systems 07-084
Determining Quantities/Costs for Electrical Elements (CH 7)
• System 091 – Primary Power & Distribution
• System 092 –Lighting & Secondary Distribution
• System 093 – Special Electrical Systems
Project Workshop
• Determine Quantities/ Costs, Systems 091-093
Assignments
• Project Assignments
• Reading Assignment, Chapters 10-11
Determining Quantities/ Costs for Equip./ Site Work Elements (CH 7)
• System 11 – Equipment
• System 121 – Site Preparation
• System 122 – Site Improvements
• System 123 – Site Utilities
• System 124 – Off-site Work
Project Workshop
• Determine Quantities/ Costs, Systems 11-12
Assignments
• Project Assignments
• Reading Assignment, Chapters 10, 11

Day Five
Discuss Project Assignment/ Turn-in
Project Management Plan (CH 10)
• Methods of Accomplishment
• Scheduling
• Uniformat Elemental Specifications
Budget Development Remaining Items (CH 11)
• General Conditions, OH&P, System 10
• Contingencies, Types & Use
• Escalation
• Design & Management Costs
• Management Costs during Construction
• Real Estate Costs
• Reservations
Project Workshop
• Determine Quantities/ Costs, Remaining Items
Closing the Loop – Recycling Cost Data (CH 12)
• Controlling Design Work
• Estimates at SD, DD, CD, Bids, Change Orders
• Historical Data
Life Cycle Costing (LCC)
• Methodology and techniques of life cycle costing
• LCC case studies (building systems, layout alternatives)
• Computer template for analyzing the life cycle costs of alternatives
Value Engineering
• Assuring best value for dollars spent
• Value methodology process & tools
Open Forum
• Questions & Answers
• Course Evaluation
• Certificates upon Successful Course Completion
• Next Steps

Day Six and Seven (WEEKEND)

Week 2

Day Eight
• INTRODUCTION
o Course Objectives
• VALUE ENGINEERING BRIEFING
o Definition of Value Analysis/ Engineering
o Results of VA/ VE Programs
o History of Value Analysis/ Engineering
o Reasons for Unnecessary Cost
o All Cost is for Function
o Value Methodology
o Case Studies
• INFORMATION PHASE
o Project Selection, VE Objectives, VE Team Selection
o Information Requirements for VE
o Workshop Logistics
o Workshop Information Phase
• PROJECT WORKSHOP – INFORMATION PHASE
o Organize Into Project Teams (4-6 People Each)
o Select Team Leader & Recorder
o Project Overview, Design Documents, Cost Estimate
o VE Objectives

Day Nine
• FUNCTION ANALYSIS PHASE
o Function Models:
o Cost, Quality, Risk, LEED (Sustainability)
o Function Analysis Process
o Function, Cost, Worth Worksheet
o FAST Diagramming
o Level of Abstraction
o Development of Worth
o Function, Cost, Worth Worksheet
o FAST Diagramming
• PROJECT WORKSHOP - FUNCTION ANALYSIS PHASE
o Function Cost Model
o Quality, Risk and Other Function Models

Day Ten
• CREATIVE PHASE
o In-Depth Brainstorming
o Delphi Technique
o Force Field Analysis
o Other Creativity Techniques
• PROJECT WORKSHOP - CREATIVE PHASE
o Idea Generation for Basic Function(s)
o Force Field Analysis
o Other Creativity Techniques
• EVALUATION PHASE
o Idea Generation - Advantages/Disadvantages
o Cost Estimating
o Matrix Evaluation Techniques
o Sample Projects
o Class Exercise

Day Eleven
• PROJECT WORKSHOP - EVALUATION PHASE
o Idea Comparison
o Idea Ranking
o Initial Criteria Evaluation
o Cost Estimating
o Initial Matrix Evaluation
• SPECIAL TOPIC: “VE IN DESIGN BUILD”
• DEVELOPMENT PHASE
o Life Cycle Costing Techniques
o Manual Method Using Short Format
§ Annualized & Present Worth Methods
§ Inflation & Escalation
o Computer Spreadsheet Approach to LCC
o Exercise – Life Cycle Cost Analysis
• PROJECT WORKSHOP - DEVELOPMENT PHASE
o Life Cycle Cost of Alternates
o Evaluation Matrix
o Life Cycle Cost of Alternates
o Weighted Evaluation
o Proposal Sketches, Narratives, etc.

Day Twelve
• PRESENTATION PHASE
o Salesmanship, Overcoming Resistance to Change
o Oral Presentation
o Written Proposal
o Sample Projects
• PROJECT WORKSHOP - PRESENTATION PHASE
o Individual Counseling Sessions - Optional
o Complete Written Proposals
o Prepare Oral Presentations
o Instructor Review of Proposals
o Team Oral Presentations
• CERTIFICATES/ CLOSING REMARKS

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.