Course description
Project Planning and Controls: Financial Control for Contractors - Online
In the execution of a project, tools for financial control, cost reporting and record keeping are indispensable. These tools allow contractors to clearly record financial transactions, better manage costs, deal with loss and expense, and prepare accurate final accounts.To assist those responsible for project finances, this course will look in detail at the tender process, and best practice related to cost controls, variations, cost value reconciliations, acceleration, loss and expense, and disruption costs. You will also go through cost to complete exercises and final account preparation.Overall you will develop the tools to protect your company from unwanted costs and maximise profits which is something all employers and clients will appreciate.
Do you work at this organisation and want to update this page?
Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.
Suitability - Who should attend?
The course will be of value to:
- Contracts Managers
- Commercial Managers
- Surveyors
- Estimators
Outcome / Qualification etc.
By the end 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
Training Course Content
The course will cover:
- 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
- Negotiating Skills
- Final Account preparation and agreement
Course delivery details
An online classroom with live tutor and interactions.
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
Course Price: £ 295+VAT