Course Description

2 days/8 hours per day

Building on the skills acquired in Stage 1 this course will provide the participant with accurate and profitable estimating skills, practical take off experience, project control and preparation of contract documentation from receipt of documents to tender lodgement.

This course is scheduled to provide time between day 1 and 2 to allow participants to complete set work tasks.

Please note this stage cannot be attempted without successful completion of Estimating Stage 1

Course content

• Ascertaining Project Viability
• Labour & Materials Ratios
• Factors Affecting Project Viability
• Calculation of Hourly Return
• Adjusting the Bid to Ensure Viability
• Practical Application of Take-off
• The Mechanics of Take-off
• Application of Labour Units
• Function of Take-off Schedule
• Various Approaches to Take-off
• Sequence of Take-off
• Accuracy of Measurement
• Checking the Runs
• Choice of Labour to Material Units
• Components of Expended Labour
• Variable Job Factors
• Pricing for Profit
• Role of Pricing
• Direct Job Expenses & Overhead
• Job Reconciliation
• Determining Mark-up
• Calculation of "on-site" Hourly Rate
• Types of Costing
• 5 Phases of Summarising Selling Price
• Relationship Between Tender & Bid Price
• Contractual Obligations of the Bid
• Common Forms of Tender Documents
• Conditions of Tender
• Post Tender Analysis