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Fundamentals of Quantity Surveying and Cost Estimation

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Xcel Learning

Summary

Price
Save 14%
£12 inc VAT (was £14)
Offer ends 23 April 2024
Study method
Online, On Demand What's this?
Duration
2.3 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

6 students purchased this course

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Overview

Quantity surveying is a profession in the construction industry that involves managing the costs and financial aspects of a construction project. A quantity surveyor, often referred to as a QS, plays a crucial role in ensuring that a construction project stays within budget and that all financial aspects are well-controlled. Their primary responsibilities include estimating the costs of materials, labour, equipment, and other resources needed for a project. They also prepare bills of quantities, which itemise the materials and labour required, and help in the procurement process.

Cost estimation, on the other hand, is a fundamental part of quantity surveying. It involves predicting the expenses associated with a construction project from inception to completion. Cost estimators use historical data, market rates, and other factors to provide accurate cost projections. These estimates are crucial for project planning, budgeting, and cost control throughout the construction process, ensuring that the project is financially viable and completed within the allocated budget.

Quantity surveying and cost estimation are integral to effective project management in the construction industry, helping to control costs and ensure project success.

Curriculum

13
sections
18
lectures
2h 19m
total

Course media

Description

In this captivating course, you'll explore the following enlightening chapters:

Chapter 1: Introduction to Quantity Surveying and Cost Estimation

  • Overview of the construction industry
  • Role and importance of quantity surveyors
  • Cost estimation in construction projects

Chapter 2: Construction Materials and Methods

  • Types of construction materials
  • Construction techniques and methods
  • Understanding construction drawings and specifications

Chapter 3: Measurement and Quantity Takeoff

  • Principles of measurement
  • Measuring and quantifying construction materials
  • Use of measurement tools and software

Chapter 4: Preliminary Cost Estimation

  • Cost breakdown structures
  • Estimating costs at the concept and feasibility stages
  • Factors affecting cost estimation

Chapter 5: Elemental Cost Estimation

  • Work breakdown structure (WBS)
  • Estimating costs by construction elements
  • Cost databases and price indices

Chapter 6: Rate Analysis and Pricing

  • Unit rates and rate analysis
  • Pricing of construction items
  • Labour, material, and equipment costs

Chapter 7: Cost Estimation Software

  • Introduction to cost estimation software tools
  • Practical exercises using software
  • Advantages and limitations of software

Chapter 8: Tendering and Procurement

  • Preparing and issuing tenders
  • Tender evaluation and contractor selection
  • The role of the quantity surveyor in procurement

Chapter 9: Cost Control and Budgeting

  • Monitoring and controlling project costs
  • Variance analysis and reporting
  • Budget development and management

Chapter 10: Valuation and Final Accounts

  • Interim payment valuation
  • Final account preparation
  • Handling claims and variations

Chapter 11: Legal and Contractual Aspects

  • Construction contracts and forms
  • Contractual disputes and resolutions
  • Contract administration

Chapter 12: Professional Ethics and Standards

  • Code of ethics for quantity surveyors
  • Professional standards and responsibilities
  • Case studies and ethical dilemmas

These course chapters will provide a comprehensive understanding of the fundamental principles and practices of quantity surveying and cost estimation in the construction industry. Students who complete such a program will be well-prepared for a career in this field.

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Who is this course for?

The course "Fundamentals of Quantity Surveying and Cost Estimation" is designed for aspiring construction professionals, including students, recent graduates, and individuals seeking a career in the construction industry. It provides essential knowledge and skills in quantity surveying and cost estimation, making it an ideal choice for those looking to excel in project management, budgeting, and cost control within the construction sector.

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Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.