Contact MERC Training Center
Join MERC Training Center on FacebookTwitter with MERC Training CenterConnect with MERC Training Center on LinkedIn

Estimating, Budgeting, Cost Control & Value Engineering

Locations & Dates:

Date: 15 - 19 Oct 2017
Ref: P9427
Location: Egypt (Sharm El-Sheikh)
Fees: 2500 

MERC Training Center reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees

Program Overview

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.

Program Content

(Subject to Customization by Program Director based on Participant Group)
(Program Timings 8:30 AM to 2:30 PM) (Some Days 3:00 PM - 7:30 PM)

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)

Day 4

  • Defining Work Scope & Objectives: Physical, Documentation & Strategic
  • Understanding Planning & Scheduling
  • Impact of Planning Decisions on Costs
  • Cost Escalation

Day 5

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

Day 6

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