Estimating and Tendering: Principles and Practice

Objectives:
• Understand the principles and practices of estimating and tendering in construction projects
• Learn how to prepare accurate and competitive tenders
• Develop skills in identifying and managing risks associated with estimating and tendering
• Familiarize yourself with the legal and regulatory framework governing estimating and tendering
Course Content:
• Introduction to Estimating and Tendering
• Definition and importance of estimating and tendering
• Overview of the estimating and tendering process
• Roles and responsibilities of stakeholders
• Estimating Principles and Techniques
• Types of estimating methods (e.g., rough order of magnitude, detailed estimate)
• Estimating techniques (e.g., bottom-up, top-down)
• Factors affecting estimating accuracy (e.g., scope, complexity, uncertainty)
• Tendering Strategies and Best Practices
• Tendering strategies (e.g., selective, opportunistic, speculative)
• Best practices for tendering (e.g., thoroughness, transparency, compliance)
• Managing risks associated with tendering
• Estimating and Tendering Tools and Techniques
• Computer-aided estimating software
• Estimating and tendering templates
• Best practices for using estimating and tendering tools
• Risk Management in Estimating and Tendering
• Identifying and assessing risks
• Developing risk mitigation strategies
• Managing risks during the estimating and tendering process
• Legal and Regulatory Framework
• Overview of relevant laws and regulations
• Compliance requirements for estimating and tendering
• Consequences of non-compliance

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        6th – 9th May, 2025       

2ND BATCH:       9th – 12th Sept, 2025

3RD BATCH:       16th – 19th Dec, 2025