Program Overview:
This training program is designed to provide participants with the essential knowledge, skills, and behaviors required for professionals involved in project study, pricing, and cost estimation. The course offers specialized training in modern methods of project pricing and cost estimation,
General Objectives:
By the end of this training program, participants will be able to:
- Understand and apply modern concepts and systems for project pricing and cost estimation.
- Gain knowledge of advanced pricing strategies and techniques used in project management.
- Develop skills for creating professional technical and financial proposals for projects.
- Learn to assess and mitigate risks in pricing and cost estimation processes.
- Apply systematic pricing methodologies, including direct and indirect costs,
- Master the use of tools like Excel for item pricing and cost calculations.
Training Content:
- Pre-training assessment: Evaluate participants’ existing knowledge and skills.
- Selecting suitable projects: Identify projects based on company capabilities .
- Contract document review: Analyze contract terms, technical specifications, and design drawings to identify conflicts.
- Initial quantity take-off: Conduct preliminary material and item quantity assessments.
- Supplier database review: Access and evaluate supplier databases for project items.
- Supplier communication: Learn how to request and process quotations (RFQ) from suppliers.
- Project pricing system development:
- Direct cost estimation (materials, transportation, labor, etc.).
- Indirect cost estimation (workforce, insurance, equipment, etc.).
- Calculating profits and administrative costs.
- Cost estimation techniques: Explore different methods for calculating project costs.
- Budgeting: Prepare project budgets based on estimated costs.
- Preparing proposals: Develop technical and financial proposals for project bids.
- Post-training assessment: Evaluate the improvement in participants’ knowledge and skills after the program.
- Certificate distribution and final activities: Certificates awarded upon successful completion.
Target Audience:
- Main contractors and subcontractors.
- Public and private sector employees involved in project management.
- Engineers from technical offices responsible for preparing project documents.
- Quantity surveyors and managers of project pricing and estimation.
- Engineers and consultants in construction and maintenance sectors.
- Students and recent graduates in engineering wishing to specialize in project pricing.
- Individuals responsible for pricing and estimating project costs in both public and private sectors.
