Professional development for cost estimators. Financial analysis of estimate documentation

Programme

Day 1

• Stages of implementing projects of construction, reconstruction, modernisation, capital, current, preventive or emergency repair. Methods of estimating project cost. The Basic Law of entrepreneurial activity.
• Specifics of technical documentation for cost estimates. Design and estimate documentation and the requirements for it. Analysis of the most common errors in cost estimates and methods of checking and correcting them.
• The state standard for determining construction cost in the Republic of Kazakhstan. Main provisions for determining the estimated cost of construction by the resource method and its latest current editions. Pricing principles.
• Brief overview of the maximum capabilities of estimating software using the example of ABC 2022. Overview of the ABC software line: ABC PIR, ABC AKKORD, etc.
• Practical demonstration examples of producing estimate documentation using ABC 2022, supporting documentation for public and commercial procurement tenders, state expert review, production reports and analytical documentation.
• Project timelines — the key factor in the financial result of project implementation. The work schedule, integrated schedules. Production reporting on project implementation.
• The Law on Public Procurement — requirements for preparing the Technical and Economic part of the Tender Documentation in budget-funded and quasi-budget projects. Commercial tenders. Changes to the Law on Public Procurement from 01.01.2018.
• Specifics of holding tenders for commercial projects in construction, reconstruction, capital and current repair. The specifics of industrial and sector construction.
• Determining the limits for reducing the cost of a construction, reconstruction, capital and current repair project. Forming recommended limits (maximum and minimum discount). Determining project profitability under cost reduction for participation in a Tender.

Day 2

• A model for the financial analysis of estimate documentation. Identifying the key factors affecting project cost.
• Determining resource cost limits. Planning minimum and maximum profit. Determining the «dumping» threshold. Justifying the tender price and the discount amount in public procurement tenders and commercial tenders.
• Determining the timelines of construction, reconstruction, capital and current repair. Preparing work schedules based on the enterprise's potential capabilities.
• Planning production processes, project management, monitoring changes in production processes to achieve financial results. Using software products in the Project Management system.
• Planning and monitoring the financial situation to achieve a specific financial result.
• Financial and technical control of project implementation and the targeted use of resources. Financing conditions and prospects for the development of investment programmes.
• Risk management in construction. International risk management standards. Specifics of risk management in budget-funded projects.
• Analysis of world practice on the seminar topics. The international association AACE.
• Recommendations on professional reference literature and reliable sources of current information.
• Review of a specific example of Financial analysis of estimate documentation, determining resource cost limits and profit.
• Answers to questions.

• Within this seminar-workshop answers will be given to all your production questions related to the seminar topic, along with recommendations.
• Participants are given the opportunity to use free online consultations on the seminar topics.
• All methodological and legislative material will be provided in electronic form to each seminar participant in full.
• At the end of the seminar a test will be held, based on the results of which a Certificate is issued.