One of the biggest challenges we face as cost estimators is tight deadlines for cost estimate development. Implementing a strategy for our cost estimating development process might be the difference between a high-quality cost estimate and failure.
Using composite crews to estimate a construction project is the best and most accurate way to develop a cost estimate. On one condition: we know what we are doing. Browse through this slideshow and see what are the most important points to consider when using composite crews for cost estimating.
Presentation on practical approach of costing in construction industry has been prepared with the objective of spreading and sharing knowledge of flow of costing and key areas among industry, professionals and other related people.
it may be very useful to understand the basic concepts and approach of costing of this fastest growing industry.
Using composite crews to estimate a construction project is the best and most accurate way to develop a cost estimate. On one condition: we know what we are doing. Browse through this slideshow and see what are the most important points to consider when using composite crews for cost estimating.
Presentation on practical approach of costing in construction industry has been prepared with the objective of spreading and sharing knowledge of flow of costing and key areas among industry, professionals and other related people.
it may be very useful to understand the basic concepts and approach of costing of this fastest growing industry.
For civil engineer quantity surveying and estimation costing is very important for any project.
In this presentation we study about the Important terms used in estimation and costing, contingencies, work charge establishment, tools and plants, etc. types of estimates and their functions.
This above data is related with Sheet Metal fabricated product line.I have elaborated basic difference between Estimation & Costing with strategy for getting best pricing & calculations involved in Actual Spending.
What is estimate?
Purpose of estimate
Technical Terms in estimate
Project
Quantity Surveying
Plinth Area
External Services
Contingencies
Work charge estiblishment
Tools&Plants(T&P)
Centage Charges
Schedule of Rates
Contract Costing is a difficult one for accounting.
Basics of which, can be seen in this PPT. I hope it will help to understand what is Contract Costing and how its accounting can be done. Please Like if it proves to be helpful for you.
The purpose of cost estimating is to find the cost of the manufacturing operations and to assist in setting the price for the product
Costing is the determination of an actual cost of a component after adding different expenses incurred in various departments
Interactive, instructor-led online training. Expert level cost estimating knowledge streamlined to deliver results.
Each course follows the real-life cost estimating process, using actual project documentation.
Discover a fast way to learn construction cost estimating and start a career which is in high demand. Construction cost estimators usually benefit from secure jobs and constant demand.
For civil engineer quantity surveying and estimation costing is very important for any project.
In this presentation we study about the Important terms used in estimation and costing, contingencies, work charge establishment, tools and plants, etc. types of estimates and their functions.
This above data is related with Sheet Metal fabricated product line.I have elaborated basic difference between Estimation & Costing with strategy for getting best pricing & calculations involved in Actual Spending.
What is estimate?
Purpose of estimate
Technical Terms in estimate
Project
Quantity Surveying
Plinth Area
External Services
Contingencies
Work charge estiblishment
Tools&Plants(T&P)
Centage Charges
Schedule of Rates
Contract Costing is a difficult one for accounting.
Basics of which, can be seen in this PPT. I hope it will help to understand what is Contract Costing and how its accounting can be done. Please Like if it proves to be helpful for you.
The purpose of cost estimating is to find the cost of the manufacturing operations and to assist in setting the price for the product
Costing is the determination of an actual cost of a component after adding different expenses incurred in various departments
Interactive, instructor-led online training. Expert level cost estimating knowledge streamlined to deliver results.
Each course follows the real-life cost estimating process, using actual project documentation.
Discover a fast way to learn construction cost estimating and start a career which is in high demand. Construction cost estimators usually benefit from secure jobs and constant demand.
What is the desired outcome of a construction cost estimate? How do we achieve it? These slides will introduce you to easy steps that can be implemented to plan for a quality cost estimate development.
This document provides a brief review of commissioning and start-up activities. If you are not familiar with commissioning activities and find yourself in a situation where you need to provide some input on commissioning costs, this document will give you the basic understanding.
Checklist for budgeting: Make sure all important items on the list are accounted for in your preliminary budget
◾Checklist for estimating: Make sure all items get into your detailed estimate
◾Tool for tracking estimated vs. actual costs (called “job costing”)
◾Tool for tracking payments and amount due to vendors and subcontractors
Brief description is given about different types of estimates of buildings in civil engineering with basic technical terminology used in civil engineering field
COMPARATIVE STUDY OF THE EFFECT OF TREATED COIR FIBER AND NATURAL RUBBER MODI...IAEME Publication
Open Graded Friction Course (OGFC) is a porous, gap -graded asphaltic concrete mixture that contains a high percentage of interconnected air voids. These types of mixtures are also referred to a s Permeable Friction Course (PFC). Generally, the OGFC pavement reduces hydroplaning, splash and spray, and improves roadway visibility and the skid resistance of pavement surface under wet weather conditions. This research gives the results of a study focusing on four different OGFC mixes prepared with PG 60/70 bitumen, PG 60/70 & coir fib er, Natural Rubber Modified Bitumen (NRMB) and NRMB & coir fiber. Surface treatment process was done on the coir fiber to improve the properties like durability and temperature stability. Coir fiber was mainly used in this study to reduce the drain down loss of OGFC mix. Natural Rubber Modified Bitumen is widely used in south Kerala and a few studies were conducted on mixes prepared with it. Mix designs were performed according to the design procedure proposed by the National Center of Asphalt Technology (NCAT) for a range of 4.5 – 6.0 % bitumen content and 0.3% fibre dosage.
Capital cost estimating – owner’s costs in an EPC project delivery methodDoina Dobre, P.Eng, GSC
A brief introduction to Owner's costs in capital cost estimating, with an EPC cost component.
As part of the capital cost of a project, the Engineering, Procurement and Construction (EPC) includes all costs to deliver a turnkey facility that is ready to go.
Freelancer Magento Experts model allows you to hire designers on full-time, part-time or hourly basis. This model can save you at least 30% of cost against any fixed price quotes calculated even at $15/hr.
Unlike the freelancing project portals, we are accountable for the results and ensure that only qualified designers work for you. The designers that you hire will be our full-time employees and they will work exclusively on your assignments for the duration of the contract. It's the easiest way to get design projects done. We guarantee it!
We are dedicated to help our clients continually grow and succeed in their online business and we incorporate this dedication into every thread of what we do. Our values aren't just something we list on our site. We believe in them. Recruit by them. Review by them. And work according to them.
Our numbers speak for themselves. With a proven track record to deliver creative, robust and most importantly, increasingly profitable eCommerce sites, our diverse group of experts are committed to customer satisfaction and project excellence.
(DRAFT)Assessment 2 Appendix B – Learning and de.docxShiraPrater50
(
DRAFT
)
Assessment 2 : Appendix B – Learning and development session plan
Session objectives
Timeframe
Activity
Teaching or assessment strategy or approach to achieve session objectives
Tools/resources
Assessment 2 : Appendix B – Performance data
Summary of initial training outcomes
Description
Outcome
Target
Number of employees trained in new sales model
367
4,000
Number of employees trained in sustainability practices
270
4,000
Average assessment score of trainees completing the training
90%
80%
Manager observation of trainees’ skills on-the-job (use of the new sales model; knowledge of sustainability practices)
Randomised observations show that 45% of trainees apply some features of the sales model they were trained in and there is some use or mention of sustainability practices
80%
Revenue per trained salesperson/month
$20,000
$35,000
Customer awareness of sustainability practices
68% of customers are aware of sustainability practices
95% aware
Customer experience satisfaction ratings
67% of customers report being satisfied with their Australian Hardware shopping experience
95% satisfied
Interviews with employees and level 1 feedback
Interviews with sales employees immediately after training found that sales employees:
· reported that they enjoyed training very much
· had thought the training and assessment would be much more difficult than it turned out to be
· found the ten question multiple choice assessment easy and convenient
· are not sure if they would be able to apply knowledge in face-to-face dealings with customer.
Interviews with managers
Interviews with line managers yielded the following general observations:
· Employees displayed initial enthusiasm after the training
· Employees are generally unable to transfer learning to actual interaction with customers, for example:
· sales staff do not mention sustainability as important differentiator for Australian Hardware
· sales staff do not follow sales model and forget to ask customers about their specific needs and possible future needs.
Assessment 2 : Appendix B – Training strategy and schedule
Training objectives
Actions
Timeframe
Activity: (training/assessment, coaching or other support, monitoring)
Teaching or assessment strategy or approach to achieve training objectives
Resources:
Trainer
(number 1–30)
Managers
Assessment 2 : Appendix B – Service agreement
1. Service Agreement
Service Agreement dated: 3 January 2014Between
Train Your Way Up
Service Agreement Sponsor – Director of studies for Train Your Way Up, Jan PowersAnd
Australian Hardware Human Resources
Service Agreement Sponsor – Susan Black, Human Resources General Manager
2. Scope of services
Sales training to upskill sales staff in the new sales model:
1. Greet the customer.
2. Proactively ask questions to identify the customer’s needs.
3. Present possible solutions and discuss sustainable or environmentally friendly options where relevant.
...
Inside Gainsight’s New Post-Sales Structure: Reorganizing the Team to Drive C...Gainsight
In this webinar, Allison Pickens, Gainsight's VP of Customer Success, will give you a detailed explanation of our new org chart as well as the philosophy behind the changes. She'll offer strategies on how to apply these principles and tactics to your own Customer Success team.
How We Reorganized Our Entire Post-Sales OrganizationGainsight
One of Gainsight's principles is to "Carry the Torch" for the Customer Success industry. We've shared a lot about innovations in our processes, but not as much about our organization. In this session, Allison Pickens, VP of Customer Success and Business Operations at Gainsight, will share the story of how we re-organized post-sales to drive success for our customers.
NIDM (National Institute Of Digital Marketing) Bangalore Is One Of The Leading & best Digital Marketing Institute In Bangalore, India And We Have Brand Value For The Quality Of Education Which We Provide.
www.nidmindia.com
Exploring Career Paths in Cybersecurity for Technical CommunicatorsBen Woelk, CISSP, CPTC
Brief overview of career options in cybersecurity for technical communicators. Includes discussion of my career path, certification options, NICE and NIST resources.
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
4. Your biggest challenges as a cost
estimator:
■ Accurate and complete project information
■ Access to cost data
5. Your biggest challenges as a cost
estimator:
■ Accurate and complete project information
■ Access to cost data
■ Produce a cost estimate that meets the expectations of the review team
6. Your biggest challenges as a cost
estimator:
■ Accurate and complete project information
■ Access to cost data
■ Produce a cost estimate that meets the expectations of the review team
■ Meet the deadline for cost estimate completion
7. Your biggest challenges as a cost
estimator:
■ Accurate and complete project information
■ Access to cost data
■ Produce a cost estimate that meets the expectations of the review team
■ Meet the deadline for cost estimate completion
■ Validate the cost estimate
9. You can overcome those challenges by…
■ Planning your cost estimating development activities
10. You can overcome those challenges by…
■ Planning your cost estimating development activities
■ Measure your performance
11. You can overcome those challenges by…
■ Planning your cost estimating development activities
■ Measure your performance
■ Ask for feedback from the review team
12. You can overcome those challenges by…
■ Planning your cost estimating development activities
■ Measure your performance
■ Ask for feedback from the review team
■ Adjust your plan for the next cost estimate
13. You can overcome those challenges by…
■ Planning your cost estimating development activities
■ Measure your performance
■ Ask for feedback from the review team
■ Adjust your plan for the next cost estimate
■ Rinse and repeat!
16. Step 1
1. Review all available documents
– Ask for clarifications
17. Step 1
1. Review all available documents
– Ask for clarifications
– Take notes on all missing/incomplete information
18. Step 1
1. Review all available documents
– Ask for clarifications
– Take notes on all missing/incomplete information
– Set-up a request for clarification registry
19. Step 1
1. Review all available documents
– Ask for clarifications
– Take notes on all missing/incomplete information
– Set-up a request for clarification registry
– Set-up a risk/opportunity registry and add all relevant information
20. Step 1
1. Review all available documents
– Ask for clarifications
– Take notes on all missing/incomplete information
– Set-up a request for clarification registry
– Set-up a risk/opportunity registry and add all relevant information
– Make a habit to review documents for all specifications which might have an impact
on cost
21. Step 1
1. Review all available documents
– Ask for clarifications
– Take notes on all missing/incomplete information
– Set-up a request for clarification registry
– Set-up a risk/opportunity registry and add all relevant information
– Make a habit to review documents for all specifications which might have an impact
on cost
– Build-up the project in your mind theatre and take the time to see the big picture
24. Step 2
2. Define the purpose of the cost estimate:
– Is it a cost estimate for a tender submission?
25. Step 2
2. Define the purpose of the cost estimate:
– Is it a cost estimate for a tender submission?
– Or, is it a budget cost estimate for a client/owner/engineering firm? If so, what is the
expected accuracy?
28. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
29. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
30. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
31. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
■ Constructability methods
32. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
■ Constructability methods
■ Price sourcing strategy
33. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
■ Constructability methods
■ Price sourcing strategy
– What scope will be subcontracted?
34. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
■ Constructability methods
■ Price sourcing strategy
– What scope will be subcontracted?
– What scope will be self-performed?
35. Step 3
3. Set-up the cost estimate development kick-off meeting
– Invite all cost estimate review team members
– Feel free to invite construction professionals within the company who might have a
valuable input
– Discuss:
■ Constructability methods
■ Price sourcing strategy
– What scope will be subcontracted?
– What scope will be self-performed?
– How many quotations will be required to validate a price?
38. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
39. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
40. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
– Build the schedule logic and determine the milestones
41. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
– Build the schedule logic and determine the milestones
– Determine the resource required for cost estimate completion
42. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
– Build the schedule logic and determine the milestones
– Determine the resource required for cost estimate completion
– Communicate with management regarding the resource requirements
43. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
– Build the schedule logic and determine the milestones
– Determine the resource required for cost estimate completion
– Communicate with management regarding the resource requirements
– Build-in time for unexpected activities: last minute take-off for subcontractor price
review and validation, changes to the project documents, etc.
44. Step 4
4. Develop the cost estimate schedule:
– List all activities needed to be performed to complete the cost estimate
– Estimate the time required for each activity
– Build the schedule logic and determine the milestones
– Determine the resource required for cost estimate completion
– Communicate with management regarding the resource requirements
– Build-in time for unexpected activities: last minute take-off for subcontractor price
review and validation, changes to the project documents, etc.
– Build-in time for cost estimate reviews
55. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
56. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
57. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
58. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
59. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
60. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
61. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
– Price and incorporate risk registry items as applicable
62. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
– Price and incorporate risk registry items as applicable
– Review cost estimate draft with the review team
63. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
– Price and incorporate risk registry items as applicable
– Review cost estimate draft with the review team
– Update the cost estimate as per review notes
64. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
– Price and incorporate risk registry items as applicable
– Review cost estimate draft with the review team
– Update the cost estimate as per review notes
– Update costs as more information becomes available from subcontractors/suppliers
65. Step 6
6. Develop the cost estimate:
– Quantity take-offs based onWBS and price sourcing strategy
– Develop direct costs
– Develop indirect costs based on preliminary construction schedule
– Optimize resources
– Update costs as they become available from subcontractors/suppliers
– Incorporate all additional information if applicable (changes to the project
documents, clarifications, etc.)
– Price and incorporate risk registry items as applicable
– Review cost estimate draft with the review team
– Update the cost estimate as per review notes
– Update costs as more information becomes available from subcontractors/suppliers
– Final cost estimate and tender submission review.
66. Your turn now!What is your best
strategy?
Please leave your comments and share what works best for you. How do you manage to
finish your cost estimates on time and have them pass the final review?
Do you want to see what others are saying about the challenges they face as cost
estimators?Take the survey, it is anonymous:
https://goo.gl/forms/udLFq83q5Su7j5uY2
Thank you for clicking through the full slide deck!
Want to read more about cost estimating?You can find me blogging at
www.LearnCostEstimating.com
Or, send me an email at Doina.Dobre@EmeraldGroup.ca