Construction management – analysis and control of production costs

A)Introduction to the report
B)Source of cost data- Identify sources and describe the content briefly.
c)Application of cost data
1.Initial approximate estimate for decision making
(types of cost data required, sources that could be used, specific issues)
2. Detail and accurate estimate of costs
(types of cost data required, sources that could be used, specific issues)
3. Validation of the estimate
(types of cost data required, sources that could be used, specific issues)
D)Common deficiencies and how to such deficiencies-Discuss common deficiencies and how you overcome them.
Also advantages and disadvantages with examples – price book, including subcontractors and suppliers price- advantages and disadvantages with examples. BCIS advantages and disadvantages with examples, including recommendations of BCIS and RICS.

In producing an estimate the contractor’s estimator will use a variety of sources of information to ensure that the estimate of cost is as realistic as possible.
Discuss, using examples, the sources of cost data that could be available to assist in producing a cost estimate at tender stage.

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