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Project Planning and Controls: Financial Control for Contractors - Online

Chartered Institute of Building
Course summary
Professional Training
1 day
295 GBP excl. VAT
Online courses
Course Dates
Online courses
295 GBP
22/11/2022

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.

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

About provider

CIOB Academy - Excellence in the Construction Industry

CIOB Academy is the training arm of The Chartered Institute of Building (CIOB) - the worldwide professional body in construction management. Launched in 2016, the Academy provides a wide range of courses to help people develop successful careers in the construction...


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Contact info

Chartered Institute of Building

Englemere Ltd, 1 Arlington Square, Downshire Way, Bracknell
RG12 1WA Berkshire

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www.ciobacademy.org


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