Quantity Surveying in the Americas

Evaluate forms of construction for various property types

Assess the practices and procedures of international quantity surveying

Compare and contrast procurement strategies

Identify the contractual requirements and procedures relevant to construction finances

Evaluate the factors which affect the cost of a building

Evaluate the sources of cost data relating to construction

Assess cost planning methods to control the financial aspect of a project

Illustrate the quantification and costing of construction work

Assess contract practices and administration processes

Evaluate and forecast costs during the construction of a project

Manage various aspects of a project including change procedures and accounts

What is a Cost Manager?

A Cost Manager, also referred to as a Quantity Surveyor, is an integral part of a construction team. In this dynamic and multifaceted role, Cost Managers are involved all aspects of construction. Beginning with the capital expenditure phase of a building or facility, which includes the feasibility, design and construction phases, and can also be involved with the extension, refurbishment, maintenance and demolition of a facility.

The construction industry is global and extends across all real estate and infrastructure markets. Cost Managers work in all sectors of the construction industry worldwide. In real estate, this covers residential, commercial, industrial, leisure, agricultural and retail facilities. In infrastructure, it covers roads, railways, water ways, airports, seaports, coastal defences, power generation and utilities. Cost Managers may also work in process engineering, such as chemical engineering plants or oil rigs.
Cost Managers must understand all aspects of construction over the whole life of a building or facility. They use this knowledge to manage cost effectively, equating quality and value with individual client needs.

Cost Manager work varied roles such as a consultant in private practice, for a developer or in the development arm of a major organization (e.g. retailer, manufacturer, utility company or airport), for a public-sector body or for a loss adjuster. On the contracting side, you could be working for a major national or international contractor, a local or regional general contractor, for a specialist contractor or sub-contractor, or for a management style contractor.

Explore what Cost Managers do:

• Preparing feasibility studies or development appraisals
• Assessing capital and revenue expenditure over the whole life of a facility
• Advising clients on ways of procuring the project
• Advising on the setting of budgets
• Monitoring design development against planned expenditure
• Conducting value management and engineering exercises
• Managing and analyzing risk
• Managing the procurement and tendering process
• Preparing contractual documentation
• Controlling cost during the construction process
• Managing the commercial success of a project for a contractor
• Valuing construction work for interim payments, valuing change, assessing or compiling claims for loss and expense and agreeing final accounts
• Negotiating with interested parties
• Giving advice on the avoidance and settlement of disputes.

Course Content

The course will cover the core knowledge and help you develop technical expertise in the six principle areas of Cost Management:
Construction technology and environmental services for domestic and more complex buildings
Procurement and tendering

• Design economics and cost planning
• Quantification and costing of construction works
• Construction law and standard forms of contract
• Project financial control and reporting

Each module includes assessment questions to test the knowledge gained and there will be an overall exam at the completion of the course. Your learning will be supported through discussion

Who Should Attend

Construction Manager, Civil Engineers, Cost Managers, Cost Engineers, Building technicians, Estimators, Quantity Surveyors, Property Valuers, with a minimum of 3 years' professional experience.

Why Attend

Gain the skills you need to manage the costs effectivity to deliver quality and value to your clients.

Purchasing Information

If you select the wrong start date you must notify us within 14 days of purchase to move to the correct group. Any requests outside of this date are chargeable.

Next available start date: 16 March 2020 - 9:00am

Enrollment duration: 180 Days

Languages: English

Category: Construction

Member price: $1,185.00

Price: $1,425.00

Detailed course guide

Course Type: Product / Distance Learning