
About this course
Overview
Budgets hold or fail on measurement done properly at the start. This covers taking off and measuring, valuation and interim certificates, cost control through the project, and administering the financial side of a contract so that claims get settled on their merits rather than by attrition.
What you will be able to do
Learning outcomes
- Take off quantities and prepare a bill of quantities
- Build and defend a project cost estimate
- Run cost reporting and forecasting
- Value interim payments and assess variations
- Manage claims and final account settlement
What the course sets out to do
Course objectives
- Measure works to recognised standards
- Prepare estimates and bills of quantities
- Control cost through the project lifecycle
- Value work done and manage variations
- Administer the financial terms of contracts
Course content
Modules
01Measurement and Take-Off
Measuring building and civil works to standard methods of measurement.
02Estimating and Pricing
Building rates, pricing bills of quantities, and preparing tenders.
03Cost Planning and Control
Budgets, cost reporting, and forecasting cost to completion.
04Valuations and Payments
Valuing work done, interim certificates, and cash flow management.
05Variations and Claims
Assessing changes, evaluating claims, and managing contractual entitlement.
06Final Accounts
Settling accounts, retention, and closing out the project financially.
Who it is for
Target audience
Quantity surveyors, cost engineers, contractors, and project managers responsible for construction budgets and contracts.
Before you start
Prerequisites
A quantity surveying, construction or project management role.