Tendering, Cost Estimating And Contracts Administration

Venue: JW Marriott Hotel

Location: Kuala Lumpur, Malaysia

Event Date/Time: Jul 27, 2009 End Date/Time: Jul 28, 2009
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Introduction and Overview of Cost Estimating

· What is cost estimating

· Purpose, functions, objectives of cost estimating

· Uses of cost estimating

· Functions and organization of estimating department

· Roles and responsibilities of cost estimators

Preparing Estimates for Quotation

· Understanding the types of estimates

· Factors in cost estimating

· Steps in preparing a cost estimates for quotations/tendering

· Reviewing the tender requirements

Mechanics of Cost Estimating

· Cost estimate format

· Establish labour rates and labour cost calculations

· Types of overheads and overheads calculations

· Obtaining contractor/subcontractors quotations

- Cost exercises / Preparing quick cost estimates

Preparing Bond Calculations & Assessing Risks

· What are bonds? / Types of bonds

· Assessment of risk and profits

· Stages in the preparation of tender submission

Establishing the right tender pricing

– Types of pricing / Cost and price analysis / Price variations

The Tendering Process

· Determine the needs

· Specification writing and tender documents

· Tender evaluation and procedures

- Types of evaluation / Comparison of bids