Principles of Tendering and Estimating II

At the end of this course, students should be able to: 1. Gain awareness and understanding of the difference between an estimate and a tender and the role of tender adjudication; 2. Develop the knowledge and understanding of the importance of construction cost library, its constituents and sources of estimating data; 3. Gain awareness and understanding of the factors impacting the determination of tender sum; 4. Develop the knowledge and understanding of the procedure involved in building up unit rates for building projects and determination of labour constant; and 5. Develop the knowledge and understanding of the procedure for survey of basic prices of construction materials and plant items.

Comparison between estimate and tender, the purpose of tender adjudication, derivatives of cost library for construction works and sources of estimating data: Factors affecting determination of tender sum of construction work. Procedure for estimating unit rates for building projects and determination of labour constants, survey of basic prices of building materials and plant items.