<< Return to Calendar

Getting Acquainted with Estimating, Costing & Pricing of Construction Tenders

Overview

This two-day facilitator-led course is designed to ensure successful procurement by accurately estimating, costing, and pricing tenders. Candidates will receive a comprehensive training manual that will serve as a reference manual and will participate in various practical activities to help them apply their theoretical training in practice.

Why Should an Individual Attend?

Participation in an interactive workshop
  • Learn from a recognised expert with cross industry experience
  • Comprehensive course documentation
  • CPD credits (ECSA)
  • CPD hours - Category A Core (SACPCMP)

Outcomes

By attending this course, you will learn about: 
  • Measurements
  • Estimation of quantities
  • Costing
  • Pricing of tenders
  • Cash flow and cost management
  • Various facets of estimating and pricing with practical aspects highlighted

Program Outline

INTRODUCTION

Definitions, importance and uses of estimating, costing, and pricing

Competitive bidding in action

Definitions

CONTEXTUAL FRAMEWORK

  • Role-players
  • Standards, uniformity, types, and forms of contracts
  • Pricing and contracting strategies
  • Available software

GENERAL PRINCIPLES

  • Establishment, P&G, securities, insurances and escalation
  • Pricing data and standard units
  • Schedule of quantities (BOQ)

MEASUREMENT

  • Field investigation
  • Units and rules of measurement
  • Coding, numbering, and the preparation of the SoQ

QUANTITY ESTIMATING

  • Types of estimating
  • Accuracy of the estimation
  • Using the Schedule of Quantities
  • Dayworks and common pitfalls

CLIENT COSTING

  • Change management
  • Accuracy of costing
  • Fixed, variable, direct, and indirect costs
  • Hidden costs and contingencies

TENDERER PRICING

  • Site visits and investigation
  • Keeping records and collecting information
  • Production determination, profits, and mark-up
  • Time calculation VS client requirement

CONTRACT COMPLETION

  • Recording of information
  • Cash flow, S-curves, and cost management
  •  

Who Should Attend?

  • Supply chain practitioners
  • Quantity surveyors
  • Consulting engineers
  • Contractors
  • Clients
  • Candidate engineers, technologists, and technicians
  • Senior engineers in the civil construction industry
Dates and Times:
  • Wed 17 April 2024  08:30 to 16:30
  • Thu 18 April 2024  08:30 to 16:30
Type: Online
Venue: Virtual Classroom Training, Online
Fee: R 5 984.00 excl. VAT
R 6 881.60 incl. VAT
CESA / SAICE member fee: R5 823.60 incl. VAT
Validation Number/s: CESA-2063-05/2025
SACPCMP/CPD/24/168
CPD Points: 2
Coordinator: