Course description
Project Planning and Controls: Financial Control for Contractors
Learn to better manage your project finances with this invaluable one-day course from CIOB Academy. You will develop your understanding of the tender process, and learn best practices related to cost controls, variations, cost value reconciliations, acceleration, loss and expense, and disruption costs.
On completion of the course you will be able to:
- Understand the full tender process and the difference between cost and value
- Demonstrate best practice for dealing with variations, disruption costs and loss and expense
- Demonstrate the importance and benefit of good records for loss and expense recovery
- Show a greater awareness of cost reporting
- Understand the valuation and payment process
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Suitability - Who should attend?
This course is suitable for:
- Contracts Managers
- Commercial Managers
- Surveyors
- Estimators
Training content
Topics covered:
- Tendering Process
- Estimating – Hints & Tips
- Tender clarifications
- Tender Adjudication
- The difference between cost & value
- Preliminaries cost control
- Tips for getting your money !
- Relationship building with Client’s QS
- Interim Valuations
- Valuation of Variations
- Contractors Quotations for Variations
- Acceleration Quotations
- Loss & Expense record keeping
- Preliminaries Matrix
- Head Office Overhead recovery
- Disruption costs
- Dayworks pros and cons
- What to do when you’re not paid!
- Cost Value Reconciliations
- Cost to Complete Exercises
- Negotiating Skills
- Final Account preparation and agreement
Why choose Chartered Institute of Building
The world's largest and most influential professional body for construction management and leadership.
Founded in 1834
Our professional and vocational qualifications are a mark of the highest levels of competence and professionalism
Expenses
£200 + VAT - non-member £180 + VAT - CIOB member