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Overview of construction cost management
Lesson Goals
Lesson Goals
Introduction
Introduction to Construction Cost Management
Key Terminology
Cost Estimation
Understanding Cost Estimation Methods
Factors Influencing Construction Costs
Budgeting and Cost Control
Developing a Construction Budget
Cost Control Techniques in Construction Projects
Cost Tracking Methods
Contract Management
Tender Process
Contract Award
Retentions and Bank Guarantees
Progress Claims
Variations
Contractual Disputes
Project Completion
Accounting - Payroll and Accounts Payable
Timesheets management
Construction Pay Rules / Enterprise Bargaining Agreements (EBAs)
Payroll Management
Procurement / Purchase Orders
Receiving Materials Onsite and Proof of Delivery
Accounts Payable Management
Managing Cashflow
Documentation
Documentation
Conclusion
Recap of Key Concepts in Construction Cost Management
Next Steps and Resources for Further Learning
Quiz: Test your understanding
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Introduction to Construction Cost Management
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