Training & events

Construction Projects: Pre Contract Cost Management

Distance learning Online, 27 Feb 2018

By giving you a solid grounding in the principles of cost management pre contract, this course will help you to make strategic decisions, work on higher value projects and act as a client liaison.

Are you looking to provide in-depth, detailed cost control management throughout the whole lifecycle of projects? If so, then our 2 courses on cost management practice are for you. Both pre and post-contract periods are covered, and include the latest processes and procedures to leave you empowered with the skills to effectively manage construct project costs.

Our Pre-Contract course covers procurement and tendering, negotiation and risk, supply chain and value management best practice. Particular focus will be on developing your abilities to deliver strategic procurement advice, identify risks and implement mitigation management processes, and evaluate factors affecting construction costs in order to achieve value for money. You will also learn how to analyse benchmarking techniques and historical cost data sets in order to evaluate predicted cost accuracy.

To achieve these goals pre-contract cost management will provide case studies on large scale projects for you to work through alongside instruction from subject matter experts. Each scenario will simulate a real project experience and will form a major part of the discussions, assessment and analysis.

Who is this course for?

  • Quantity Surveyors and Estimators with at least 5 years’ experience, who want advanced specialist knowledge in pre contract stages
  • Client side professionals working as Cost Managers
  • Lead Cost Managers in the pre contract stage
  • Contractor professionals working as Estimators
  • Lead Commercial Managers

From the trainer

Julian Smith
This course provides an excellent opportunity to extend pre-contract cost management skills to suit modern construction processes and more demanding client needs.

Course Benefits

At the end of this course, you will be able to:

  • Compare available procurement routes such as traditional, design and build, management forms, term and serial contracting and other types.
  • Develop and analyse procurement and tender reports.
  • Identify who owns a risk in relation to the chosen procurement route.
  • Establish the effects of risk on programme and management costs.
  • Advise on the appropriate procurement route in relation to the client’s attitude to risk.
  • Compare construction projects at the strategic briefing and project briefing stages to achieve value for money.
  • Evaluate value engineering processes, cost reports with reference to cost, time, quality and buildability, including qualifications and exclusions.
  • Assess and evaluate market factors and trends in construction cost.
  • Analyse the accuracy of predicted cost using benchmarking techniques and interrogate historical cost data.
show full programme

Learn through a wide range of online learning resources including real time with the trainer through engaging web classes and focus your learning through case studies and practical real-life examples.

The course is composed of 3 technical modules, an introduction and course review modules:

  • Module 0: Introduction
  • Module 1: Strategic Procurement and Advisory
  • Module 2: Risk Management and Planning
  • Module 3: Supply Chain and Value Management
  • Module 4: Review & Reflect

During this course you will have access to RICS Isurv to further support your learning.

Certificate of Completion

Only, upon passing the final exam, learners will be eligible to receive an RICS Certificate of Completion.

Price Excl. VAT

£495.00 for RICS members

£595.00 for non-members

Download course guide