seminar 1 - question 1
TRANSCRIPT
BACHELOR OF QUANTITY SURVEYING
QSB60504 ESTIMATING
GROUP MEMBERS: LE JIA NIAN 0319957
PANG KAI YUN 0319802
SYLVESTER TANG 0325152
TEH QING DA 0318590
YEO KAI WEN 0319844
SEMINARS
LECTURER: MS. AZRINA MD YAAKOB
QUESTION 1:
You are working in a Quantity Surveying consultant firm. Your
firm has recently engaged by a newly established developer.
a. Explain to your client the importance of estimating at
different stages of procurement. (9 marks)
b. Explain to your client the differences of measurement,
tendering and estimating. (9 marks)
c. Explain to your client what preliminaries items are and
provide five (5) examples. (7 marks)
a. Explain to your client the importance of estimating at different stages of procurement. (9 marks)
Stages of Procurement
Importance of estimating:
a) Pre contract
• To predict the cost of the project
• To ensure the cost of the project is within the client’s budget
• To predict the duration of the project
• To establish a construction schedule
• To assist the clients getting the most competitive tender
• To forecast the material, equipment (eg, plants and tools) and the quantities needed
• Clients can start to invite tender
a. Explain to your client the importance of estimating at different stages of procurement. (9 marks)
a. Explain to your client the importance of estimating at different stages of procurement. (9 marks)
Importance of estimating:
b) Post contract
• To predict the cost of the project
• To control the cost during construction
• To allow for variation order (V.O.)
• To control the cash flow on the project
• To assist clients in making important decisions about changes in project design and/or materials that affect cost positively or negatively
Measurement Estimating Tendering
DefinitionA process of quantifying items according to a rule or set of rules.
A process to predict the cost of the project
A process for contractor to offer a price for a project
Based onStandard Method of Measurement (SMM2)
Building up rates Bill of Quantities (BQ)
Profit Profit not included Profit not included Profit included
Primary content
Definition of Item + Quantity
Elements cost (labour, material, plants) + prelims + prime cost sum + provisional cost + dayworks + overheads
Estimated cost + profit
b. Explain to your client the differences of measurement, tendering and estimating. (9 marks)
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
Preliminaries (or 'prelims') are the description of the project
that feature at the beginning of a bill of quantities that
allows the contractor to assess costs in required by the
method and circumstances of the works before the
construction start
Example of preliminaries:
a) Temporary road access to site (to deliver item into the site)
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
Example of preliminaries:
b) Site office, storage sheds, labour shed, toilet
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
Example of preliminaries:
c) Temporary Fencing, Hoardings, Signboard (to prevent any
exposure to construction site risks to all pedestrian and
vehicular traffic passing the site)
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
Example of preliminaries:
d) Services (eg. water supply, power supply, etc)
c. Explain to your client what preliminaries items are and provide five (5) examples. (7 marks)
Example of preliminaries:
e) Conditions of contract (requirements for insurance,
performance bonds, warranties and product guarantees
for the contractor and sub-contractors)
THANK YOU !