The Estimating Process
Module Ref: A12
Duration: 1 day
Maximum 15 delegates
Aims
To give early career construction personnel an introduction to the preparation of tenders.
Coverage
- The decision to tender
- Tender documents
- Management of the process
- Risk appreciation
- The pricing process
- Tender deliverables
- Turning an estimate into a tender
Teaching Outcomes
At the end of the workshop, the delegates should understand:
- The role of each party
- The differential between an estimate and a tender
- The management of a tender
- Key programme dates and periods
- Resources used when formulating an estimate
- Site overhead allowances
- Construction risk and opportunity
- The conversion of an estimate into a tender
- Tender submission documentation
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