PRE-CONSTRUCTION BUDGET AND ESTIMATE – CRITERIA FOR PREPARING QUOTATION AND TECHNICAL PROPOSAL
Criteria for Preparing Quotation and Technical Proposal
Today, the diversification and differentiation of the risk perception require more accurate and precise detection of the risk provisions on the price assessments at the quotation stage. To get the most reasonable quotation and to prepare high-quality technical proposals in accordance with project management principles are essential for companies to be able to undertake new projects and thus sustain their continuity. in today’s tight competition conditions As known, the technical proposal, as well as the quotation, is a determining factor in the assessment of the proposal and in the selection of the contractor for the projects carried out by the finance of the World Bank, the European Development Bank, the Asian Development Bank, Islamic Development Bank, the International Monetary Fund, the International Bank for Reconstruction and Development, Asian Infrastructure Investment Bank and similar international organizations.
Therefore, the interaction of multiple parameters of project management such as temporal planning, cost estimates, risk management, contract management, budget, cash flow and the challenges posed by the obligation of assessing them at the same time makes the quotation process even more complex. Today, the investors faced with the option of delivering more construction projects. In order to provide the services demanded by the investors, the contractors, subcontractors, and design specialists provide service under various scenarios. Each construction project has its own unique opportunities, benefits, risks and hidden hazards. How can interested parties in the construction project management process benefit from the available opportunities and advantages? Which actions can each party take to reduce the risks that may be incurred in the construction process, and to avoid hidden threats to the estimate and the budget?
This training has been designed to have basic and advanced levels and will last three days (27 hours). It will be useful to all project managers, quotation specialist, and other professionals in the construction sector who want to better understand the today’s complex processes of pre-construction budgeting and estimate. This training will examine the roles, responsibilities, and perspectives of the parties. The participants will learn the techniques used in pre-construction budgeting and estimating the needs of each construction project. This training, which is organized by Loop Academy, will provide an overview of estimating and budgeting, detailed price research, price increase trends in the sector, determining the risks, assessment of risk provisions, construction methods, project management plan and project management principles and the pre-construction services you need.
You can click here or call us to learn more about training details and schedule and to join training programs organized by Loop Academy about “Pre-construction Budget and Estimate-Criteria for Preparing Quotation and Technical Proposal”. You can fill out the pre-request form for the training by clicking here and send it to us by pressing the submit button.