Project Planning and Controls: Financial Control – Online Classroom

Online Product
Online
Course Hours
1 day course
Learn how to prevent unwanted costs and maximise profit through better understanding the payment process, creating and maintaining accurate records and cost reporting.
£249.00 + VAT
CIOB Academy

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Overview

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.

**Multiple dates? when booking, please specify what date you are booking for in the notes section**
Next available date is:

29 October 2020 – 10:00AM – 16:00PM GMT

Objectives

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

Suitability

The course will be of value to:

  • Contracts Managers
  • Commercial Managers
  • Surveyors
  • Estimators

Structure

An online classroom with live tutor and interactions.

Contents

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

Assessment

There is no assessment, you will receive a certificate of completion following the course.