Posted by Symmons Madge Associates Ltd on 26/06/2017 in Training Course

Commercial Appreciation - Training Course

Birmingham
Birmingham, UK

Start Time
05/07/2017 09:00 am
End Time
05/07/2017 4:00 pm
Price
£260

The engineer of today has often little grasp of the commercial side of the     business - how we operate financially. The first 9 topics (and others) in     the Written Assignment list for the ICE Professional Review relate to Finance.

If an engineer hopes to progress managerially a grasp of the financial aspects     of the business will be essential. This course is structured to give an insight     into financial management as well as to provide the initial guidance to the     financial topics related to the ICE Review and other Professional Bodies.

The course is run on a participative basis.

Course Objectives:

At the end of the course, delegates should have an appreciation of:

  •     
  •  The regulatory framework and its effect on construction.
  •     
  • The tendering process and how tenders are compiled.
  •     
  • The effects of variations and the stages required for the recovery of       additional cost.
  •     
  • How tender prices are compiled.
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  • Financial control - cost and value reporting, cash management and "profit."
  •     
  • The need for a budget as a project and business management and development       too.
  •   

Course Outline:

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  • Effects of Law and Regulation - The primary pieces of legislation and       their effect upon construction methods and economics.
  •     
  • Elements of Price Explained - The tender process explained including an       outline of the compilation of rates and prices and the submission and review       of the tender itself.
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  • Variations - how they arise, their effect and paying/being paid for them.
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  • Cost and Value - Their definition, how they are reported and the importance       of cash flow to the business.
  •     
  • Budgets - Their purpose, compilation and use as an effective management       tool for project and business control and development.
  •   

Intended for:

  •     
  •  Graduate engineers seeking wider experience to progress to the Professional       Review.
  •     
  • Engineers and managers who need to improve their financial understanding.
  •   

Course Duration: 

1 day (6 hours) IPD/CPD

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Birmingham, UK

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