Quotes and Estimates

Online Course:

Preparing Estimates for a job, and composing a quotation for the work to be done

Lesson Structure

There are 4 lessons in this course:

1. SCOPE AND NATURE OF ESTIMATING, QUOTING & TENDERING
   • Introduction
   • Estimating
   • Using a estimate internally (in the business) or externally (for the client)
   • Quoting
   • Tendering
   • Types of tendering
   • Preliminary planning
   • Project scope
   • Project aims
   • Project goals
   • Project expectations
   • Scope of work vs Statement of work
   • Scope statement
   • Documenting Scope
   • Define and establish acceptance criteria
   • Determine the format, specifications & deadline
   • Format
   • Project specifications
   • Project deadline
   • Review documentation
   • Compare site to plans & scale drawings
   • Examples of the difference between a scope statement and a statement of work
   • What is the difference between a tender and a bid?
2. IDENTIFYING RESOURCE NEEDS
   • Finances
   • Estimating costs
   • Determining resources needed
   • Determine sources of resources for a project
   • Calculate quantities
   • Considerations
   • Profitability
   • Quality Assurance
   • Client satisfaction
   • Summarising and recording your calculations
   • Risks
   • Qualitative risks
3. DEVELOPING SCHEDULES FOR ESTIMATES, QUOTES, OR TENDERS
   • Preparing schedules
   • Works schedule
   • Resource schedule
   • Financial schedule
   • Estimating costs for a quote or bid
   • Examples of financial schedules
4. DRAFT AND FINALISE THE QUOTATION, TENDER OR ESTIMATE
   • Introduction
   • Finalising the bid
   • Charging for time
   • Drawing up a final budget
   • Estimating techniques
   • Post project appraisal

Aims

• Discuss the differences between estimating, quoting and tendering.
• Identify information needing to be gathered and considered when estimating the cost of a project.
• Develop schedules for projects.
• Prepare – draft and finalise - a quote, tender or estimate.
• Determine time and resources required to carry out specified work, to calculate costs and prepare a specified estimate, quote or tender.