ESTIMATING AND TENDERING (CHAP 4) Flashcards
is the process of calculating the projected cost of a construction project.
Estimating
The Foundation of Project Costing
Estimating
It involves breaking down the project into smaller components and estimating the cost of each.
This includes:
Materials: The cost of all materials needed for the project.
Labor: The cost of the labor required to complete the project.
Equipment: The cost of any equipment needed for the project.
Overhead costs: The cost of indirect expenses, such as office rent, utilities, and insurance.
Profit: The desired profit margin for the project.
Estimating
The Process of Bidding for Contracts
Tendering
is the process of submitting a bid for a construction project.
Tendering
This involves preparing a tender document that outlines the estimated cost of the project, the proposed methodology, and any other relevant information.
Key steps involved in tendering:
Review tender documents: Carefully examine the tender documents to understand the projectrequirements and scope.
1.Prepare a tender: Develop a comprehensive tender document that includes your estimated cost, proposed methodology, and any additional information required.
2.Submit the tender: Submit the tender document before
the deadline.
Tendering
The parties involved in ____________ can be divided into three classes:
a) The Client’s Staff or Professional Representative
b) The Constructions Contractor’s Personnel
c) External, Organization
PARTIES INVOLVED IN ESTIMATING AND
TENDERING
The contract documents prepared by the professional representatives of clients include drawings, bill of quantities, specifications and other documents. These are the main sources of information to the estimators who prepare the cost estimates and tenders.
THE CLIENT’S STAFF OR PROFESSIONAL
REPRESENTATIVE
(THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL)
-Decision-Making and Oversight
________ Plays a pivotal role in deciding whether to tender for a contract and the type of tender to submit. They rely on estimators’ cost and resource estimates for informed decisions.
Senior Management (Decision-Making and Oversight)
(THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL)
-Estimating and Planning
________ Produce detailed cost estimates for the project, considering factors like
labor, materials, plant, and temporary works. They often collaborate with planners
to understand project timelines and resource requirements.
Estimators
(THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL)
-Estimating and Planning
_________ Develop construction plans or programs, including pre-tender plans. These plans provide the overall project duration, key activity sequences, and approximate resource totals.
Planners
B) THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL
Procurement and Resource Management
________: Responsible for purchasing materials, placing orders with plant hire
companies and subcontractors. They provide quotations for these items to
estimators.
________: Manage the company’s plant department, supplying estimators
with internal hire rates and information on plant availability.
Buyers, Plant Managers
B) THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL
Key Interconnections and Collaborations:
___________: Exchange information on construction methods
and practices to refine the estimate.
Estimators and Site Management:
B) THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL
Technical Expertise
____________: Provide designs for major temporary structures, offering advice to estimators on the nature and cost of these works.
____________: Offers insights into construction methods and practices, aiding
estimators in developing accurate cost estimates.
Temporary Works Designers, Site Management
B) THE CONSTRUCTIONS CONTRACTOR’S PERSONNEL
Key Interconnections and Collaborations:
___________: Work closely to ensure that the estimate aligns with the
project’s timeline and resource requirements.
Estimators and Planners
