The Imperial Corporate Training Institute has designed the Estimating, Pre-Construction and Bid Preparation Training Program to provide a solid technical and commercial foundation to newer construction professionals during the initial stages of project activities. The estimation of project costs, the development of a structured pre-construction plan and the preparation of a competitive bid are key components that enable construction companies to secure contracts and execute their projects profitably. The program provides each participant with a hands-on and systematic foundation for understanding how estimates are produced, how tenders are created and how bid management decisions are made in competitive construction markets.
The participants of this training program gain detailed insights into current and historical tendering processes, estimation methodologies, allowances for risk and the pricing strategies used throughout the life of the construction project. Through bridging the technical and commercial aspects of a project, this training program enables the learner to contribute with confidence to pre-construction planning and bidding efforts. Utilising real-world scenarios, industry-leading tools and tried-and-true frameworks, the training program equips learners with the skills necessary to gain project acquisition and control of all project costs from initial concept to the award of a contract.
Objectives
By the end of this training course, participants will be able to:
- Understand every phase in the construction bidding process from opportunity identification through to awarding the contract.
- Utilise professional cost estimating techniques appropriate for various types of construction projects.
- Be able to interpret drawings, specifications, and bills of quantities in order to price accurately.
- Create structured pre-construction plans that will allow you to prepare a successful bid.
- Administer and manage tendering documents and submission requirements accordingly.
- Utilise bid management criteria to ensure all elements involved in proposing a bid maintain a balance between pricing, risks, and competitiveness.
- During the bidding process, identify and evaluate all commercial, technical, and contractual risks.
- Prepare detailed estimates, reflecting the project’s full scope, timetable, and resources required for completion.
- Provide data-driven supporting materials that enable decision-making from a cost and pricing perspective to management.
- Increase overall success rates of submitted construction tenders within competitive bidding environments.
Target Audience
This course is suitable for professionals involved in construction planning, costing, and procurement activities, including:
- Estimators and assistant estimators
- Quantity surveyors and commercial engineers
- Pre-construction managers
- Project managers and construction managers
- Contract administrators
- Procurement and tendering professionals
- Engineers involved in bidding and proposal preparation
- Construction consultants and cost planners
- Professionals transitioning into estimating or bidding roles