Advanced Construction Cost Studies and Commercial Management

At the end of this course, students should be able to: 1. build up unit prices and analyse rates for all materials required for complex buildings and civil engineering works price preliminary items and day-works for building and Civil Engineering work; 2. prepare subcontract quotations; price temporary works and services for Civil Engineering works and prepare schedule of materials; 3. state the knowledge and skill acquired for using MS Excel and dedicated estimating software in estimating and rate build up; 4. demonstrate the knowledge and skill required for cost/value reconciliation in a construction company; 5. prepare claims for capital allowances on plant and machinery; and 6. explain the requirements for the selection of suitable: construction team, procurement route, tendering method, contractual arrangements, third party right and construction programme.

Computation of rate, preparation of schedule of materials, labour and plant for items in the following sections of the Standard Method of Measurement (SMM): Plumbing installation, electrical installation, civil engineering works and heavy and industrial engineering works. Pro-rata rates, the use of MS Excel in estimating and dedicated estimating software, adjudication process, estimating of preliminary items and day-works items, preparation of subcontract quotations; bidding strategy; cost/value reconciliation of construction works. Capital allowance: claiming capital allowances on plant and machinery. Due diligence: suitability of construction team, suitability of procurement route, suitability of tendering method, suitability of contractual arrangements; third party right and suitability of construction programme.