Project, Contract

Training Course: Estimating, Budgeting, Cost Control & Value Engineering


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PC9427

14 - 18 Jul 2024

Istanbul (Turkey)

Hotel : DoubleTree by Hilton Istanbul Esentepe

Cost : 5250 € Euro

Introduction 

The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and budget forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them. As potential projects are considered, management not only requires costs estimates of high accuracy, they seek opportunities to reduce life-cycle costs, improve budget accuracy and optimize whole-life project value.

Course Objectives of Estimating, Budgeting, Cost Control & Value Engineering

In this program you will learn about:

  • This Program is Intended for any Professionals Preparing, Analyzing, Auditing or Approving  Estimates. Proposals, Value Engineering Ideas, Claims or Budgets.
  • The program will provide the participant with the essential methodologies and tools for effective estimating, budgeting, cost control and value engineering on his job.
  • The program emphasises use of standardized methods, procedures, knowledgebase and checklists.

Course Outlines of Estimating, Budgeting, Cost Control & Value Engineering

Day 1

  • Registration
  • Program Introduction
  • Program Overview
  • Estimating & Cost Control Problems

Day 2

  • Understanding the Estimating Problem
  • Estimating vs. Guess Work
  • Classification of Costs
  • Bidding & Negotiation Issues
  • Analyzing Production Costs

Day 3

  • Impact of Contract Conditions on Estimates
  • Good Practices in Estimating (Quality Assurance)
  • Defining Work Scope & Objectives: Physical, Documentation & Strategic
  • Understanding Planning & Scheduling
  • Impact of Planning Decisions on Costs
  • Cost Escalation

Day 4

  • Material Takeoff
  • Standard Material Costs Data
  • Work Method
  • Productivity
  • Labour Hours
  • Labour Rates Data

Day 5

  • Site Overheads
  • Head Office Overheads
  • Profit Allowance
  • Contractor's Contingency Allowances
  • Owner/Client's Contingency Allowances
  • Value Engineering
  • Program Recommendations and Your Action Plan

Project, Contract

Training Course: Estimating, Budgeting, Cost Control & Value Engineering


Register Now
Quick Inquiry
Discount Group Download Brochure (18)

PC9427

14 - 18 Jul 2024

Istanbul (Turkey) - DoubleTree by Hilton Istanbul Esentepe

Hotel : DoubleTree by Hilton Istanbul Esentepe

Cost: 5250 € Euro


  About Istanbul

Few places compare to the vibrant, cosmopolitan city of Istanbul, whose enormous size straddles both Europe and Asia, forming a bridge between western and eastern cultures. Resting upon the natural harbor of the Golden Horn, the skyline of the once-Constantinople is pierced with minarets and ancient monuments that embody centuries of history. While it is brimming with historical landmarks and colorful markets, modern Istanbul is also well represented through its contemporary art scene, European-style café culture, world-class dining venues.


  Things to do and places to visit in Istanbul

Istanbul is teeming with attractions and landmarks from historic sights and unique cuisine to lively markets and unmistakable culture. It is a thriving city, with a myriad of things to do that skillfully manage to blend every aspect of both the contemporary and the historical world.

On a city break in Istanbul be sure to:

  • Visit a hammam, a traditional Turkish bath, whose origins date back to Roman times.
  • Marvel at the Hagia Sophia, Süleymaniye Mosque and Blue Mosque, Istanbul's most spectacular monuments that dominate the skyline.
  • Explore the Topkapi Palace Museum, one of Istanbul's most visited museums, home to over 80,000 artifacts.
  • Walk through the Basilica Cistern, an underground marvel built in the 4th century.
  • Be dazzled by the Grand Bazaar, one of the world's oldest and largest covered markets.
  • Go shopping for exotic products and Turkish delights in the Spice Bazaar.
  • Cross the bridge connecting Europe and Asia against the backdrop of the Bosphorus, or take a Bosphorus cruise.
  • Taste the diversity and flavor of Turkish cuisine.
  • Admire panoramas of the city from the Galata Tower.
  • Walk through Taksim Square, the city's dynamic square that never sleeps.
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