Project, Contract

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


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PC9427

2 - 6 Jun 2025

Amsterdam (Netherlands)

Hotel : Grand Hotel Amrâth Amsterdam

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 (38)

PC9427

2 - 6 Jun 2025

Amsterdam (Netherlands) - Grand Hotel Amrâth Amsterdam

Hotel : Grand Hotel Amrâth Amsterdam

Cost: 5250 € Euro


  About Amsterdam

Amsterdam, capital of the Netherlands, is a popular destination amongst travelers from all around the world. Once just a little fishing village, Amsterdam is now a major international city after having become an important port during the 1600s. Throughout its history, the city has had many famous residents, including artists, philosophers and other historical figures. There is much to discover along Amsterdam's quaint streets and picturesque canals. So much so that a flight to Amsterdam comes with a guarantee of cultural and historical attractions that will provide memories to last a lifetime. Amsterdam is a hotbed of culture for travelers of all ages and tastes.


  Things to do and places to visit in Amsterdam

From the moment passengers step off their flight to Amsterdam, they will find it a friendly city with a lively atmosphere. Its flat geography means that it is perfect for exploring by bicycle. If you're feeling less active, it the city is also well-served by public transport. The so-called Venice of the North has something for every visitor. Culture vultures have museums, galleries and theaters to see, Families can visit the zoo or the Science Center NEMO.

When visiting Amsterdam, be sure to:

  • See the picture-perfect and colorful houses of the Grachtengordel district.
  • See the iconic works of one of Holland's most famous artists at the Van Gogh Museum.
  • Visit the house where Anne Frank and her family hid from the Nazis.
  • Browse through the extensive collection of fantastic art in the Rijksmusem.
  • Wander through the blaze of colors that is the Singel Flower Market.
  • See the city at a leisurely pace on a canal cruise.
  • Marvel at one of the city's many historic churches.
  • Learn about life aboard a ship at the National Maritime Museum.
  • Discover the Begijnhof's well-preserved medieval architecture.
  • See animals of all kinds, as well as the butterfly pavilion and aquarium, at the Artis Zoo.
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