Certificate in Cost Management and Estimating

  

About this Course

The course is designed and structured to cover the following key aspects of cost management and estimating: • Cost planning and Control Techniques The need for cost planning and control, budgets and budgetary control, owner’s feasibility studies, project cash flow forecasting; Principles and techniques of cost planning during inception, scheme design stages including elemental cost analysis and planning. Contractor’s cost control over contract costs, price changes and variation orders. • Cost Estimating Fundamentals of cost estimating involving cost data, cost indices and construction cost relating to time value. Owner’s development cost estimation involving construction cost, land cost and values, infrastructure and social development and project financing cost; Contractor’s cost estimation including preliminaries, cost of materials, labour, hire or purchase of mechanical plant, preparation of cost estimation for structural works, architectural works and M&E works including Fire, ACMV, Lift, Escalator, Electrical, Plumbing, etc. • Life Cycle Costing, Value Engineering and Sustainable Economics An understanding of life cycle costing (LCC), its purpose and technique; The history of value analysis, areas of application, principles, definitions and methodology of value engineering; The impact of new legislation for environmental sustainability on LCC for sustainable development.

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