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Financial Control and Valuation of Civil Engineering Works
Synopsis:
In
today’s world of ever tighter margins and cash flow problems being experienced
within the industry, prompt and equitable settlement for the work carried
out is essential. It is therefore vital that professionals involved with the
process of measurement and valuation understand fully the implications of
the task they are undertaking. The purpose of this training course is to study
in detail, with delegate participation, the implications of this aspect of
contract administration and the procedures which should be followed.
Course
Duration:
One
Day 0900 - 1700hrs
Course
Level:
The
course is intended for Quantity Surveyors, Commercial Managers and those involved
in Project Management.
Elements
of the following training objectives are covered by the course:
CM2,
CM3 & CM7
CPD
Approval:
Recommended
6 Hours CPD.
Objectives:
• Understand everyone’s duties and responsibilities under the
Conditions
of Contract
•
Appreciate measurement procedures
•
Apply procedures for interim valuations
• Understand variations and their evaluation
• Identify claims procedures
•
Understand the process of the preparation of the final account
Outline Programme:
• Forms of contract
• The contract documents
• The duties and responsibilities of the Engineer and the Contractor
• The role of the Employer
• Organisation of systems and staff
• Measurement procedure
•
Interim valuations
•
Valuation of variations
• Claims procedure
• Final account
Course
Availability and Cost:
Refer to the course
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