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1-DAY TRAINING COURSE
20 JULY 2012 |
ESTIMATING MAINTENANCE
& REPAIR COSTS
Understanding & Managing the Risks
& Uncertainties
(with Worked Examples) |
PE Board Accredited: 7 PDUs
COURSE BACKGROUND The construction cost estimating process is difficult and complex.
Decisions have to be taken in the face of uncertainties relating
to cost and quantities of production; the production period and
foreseeable constructional problems. The difficulties in estimating
are compounded in maintenance work due to the following distinguishing
factors of the work:
- Small, generally non repetitive and multi-location jobs/tasks
- High labour content in the work; vulnerable to quality and productivity
issues
- Higher material wastage due to small work parcels
- Little benefit of learning curve due to nature of work
- Lack of reliable cost standards and data to guide the estimator.
The higher ‘uncertainties’ in executing and managing
maintenance work has led to higher variability in cost estimates.
The variability is further amplified in maintenance tenders as contractors
adopt different risk management approaches and commercial considerations
in bid submission.
It is important that cost estimates are accurate. From an Owner’s
viewpoint, the estimates form the basis of derivation of long life
cycle budgets and shorter term budgets for work procurement. From
a contractor’s viewpoint, the estimate will form the basis
of a tender bid. For both Owners and Clients, the estimate forms
the basis of approval of star rates for variations and non-standard
work which often occurs in maintenance contracts.
COURSE OBJECTIVES The course will provide knowledge and skills to understand the:
- Types of and Nature of Maintenance Work
- Fundaments in Cost Estimating
- Maintenance Cost Estimating: Managing the Risks and Uncertainty
- Long Term Maintenance Cost Estimates
- Medium and Short Term Maintenance Cost Estimates
- Estimating Spot Items and Star Rates in Maintenance Work.
COURSE PROGRAMME (8.30 am – 5.30 pm) 1. Type and Nature of Maintenance Work
- Condition-Based, Cyclical and Response Based Maintenance Systems
- Preventive, Corrective and Ad-hoc Maintenance Work
- Nature and Characteristics of Maintenance Work
2. Fundaments in Cost Estimating
- Types of Cost Estimates
- Accuracy of Estimates
- Cost Data and Cost Models
- Elements of a Cost Estimate
3. Maintenance Cost Estimating
- Unique Factors in Maintenance Cost Estimating
- Distinction between Estimating and Tendering
- Managing Risk and Uncertainties in Maintenance Cost Estimating
4. Long Term Maintenance Estimates
- Use of Estimates
- Basis of Estimates and Information Needs
- Worked Examples
5. Medium and Short Term Estimating
- Use of Estimates
- Basis of Estimates and Information Needs
- Worked Examples
6. Estimating Spot Items and Star Rates
in Maintenance Work
- Function of Spot Items and Star Rates
- Basis of Estimates and Information Needs
- Worked Examples
COURSE LEADERS
Dr Quah Lee Kiang MRICS
Dr Quah is the Director of the Real Estate and Construction Centre
& the Real Estate & Construction Academy in Singapore. She
has extensive regional and international experience in Project and
Facilities Management & Maintenance research, advice and academia.
Dr Quah led the EU funded project BE4213 Condition Assessment and
Maintenance Strategies for Buildings and Building Components, which
among other things, sought to develop an objective building condition
assessment system. This project formed part of ongoing research
over the last 20 years which culminated in Dutch Standard NEN 2767
on Condition Assessment of Buildings, believed to be a ‘world
first’.
Dr Quah’s professional and research affiliations include
being Coordinator of the International Council for Research and
Innovation in Building and Construction (CIB) Working Commission
70 on Facilities Management and Maintenance from 1990-2000 and past
President of the Chartered Institute of Building Singapore Centre
for two terms. She is also a member of both the Royal Institution
of Chartered Surveyors (RICS) Asia and Singapore Board. Dr Quah
was conferred an Honorary Fellow by Oxford Brookes University for
her work in real estate and construction education and the unusual
impact her career has had on this particular academic field in Asia.
COURSE DATE AND VENUE
Friday, 20 July 2012
Training Lab C.303, Block C Level 3, Employment & Employability
Institute
141 Redhill Road, Singapore 158828
COURSE FEES
The course fee of $595.00 includes course documentation and refreshments
at breaks. A group discount of 10% will apply for three or more
delegates from the same organisation.
COURSE ACCREDITATION AND CERTIFICATE OF ATTENDANCE
The course has been approved for 7 PDU units under the PE Board
Continuing Professional Development programme. Attendance certificates
will be issued; they may also be suitable for meeting the CPD requirements
of other relevant professional bodies not operating a CPD course
accreditation system.
WHO SHOULD ATTEND
The course will benefit those who have a vested interest in buildings including:
- Developers
- Building Owners
- Government Officials
- Architects
- Engineers
- Project Managers
- Quantity Surveyors
- Contractors/Sub-Contractors/Suppliers
- Property Managers
- Facilities Managers
- Maintenance Managers
- Management Corporations
- Town Councils
- and Others
CANCELLATIONS
Cancellations made later than 1 week before the commencement of
the course will be subjected to an administrative fee of $100.00.
Substitutions can be made at any time.
COURSE ENQUIRIES AND REGISTRATIONS
Mr Ken Chew
Tel: 6474 7442 Fax: 6474 2724 E-mail:
recc@pacific.net.sg
PLEASE NOTE
It may be necessary for reasons beyond RECC’s control, to change the content and timing of the programme and the identity of the course leader/s.
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