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Cost Management of Engineering Works in Construction

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The maintenance of the campus has been allocated to outside contractors and the ways of reducing the maintenance costs are sought for at every stage. Two different price bases are being considered,This brief report summarizes and enumerates the various steps taken at each level of selection, sorting and implementation of tenders submitted by the contractors. Norman Fisher, Li Yin Shen, p.The tenderers are required to submit their tenders with the tendered trade percentage for every trade of the Schedule of Rates. A rough assessment is needed to arrive at the estimated tender sum for comparison of different tenders. The tenders are then compared with the tender sum arrived at by rough estimation. (Construction Contracting guidelines for first nations and aboriginal communities, April 2002, p 8)Here the rates are prepared exclusively for this maintenance contract. Just as Bills of Contracts they are bind contracts. The complete list of items of work are produced with corresponding assumed quantities and unit rates. The total rates alone are bind while the quantity is not. By rough calculations a total tender sum is arrived at. p 22,Philip Sayers)The approach to arrive at a better price base is calculated by the Maintenance Surveyor. The important consideration here is that since the work is ad-hoc going in for a fixed rate as fixed by the ASD is not viable, rather a short ‘term’ contract is better.ii) If successfully implemented the date used in costing of the maintenance work can go on record and become a permanent stylus for comparing future tenders and works. We however cannot make changes in the official documents such as the SOR-ASD6 OTHERS: The Works Orders approach gives us the facility to mend buildings based on the man hours required to carry on a desired work. In this scenario one can record the labour times involved in the works orders.The clients and contractors harbour different apprehension in the works order approach. While the client is worried about the relative inflexibility in making orders of maintenance works, the small scale of work juxtaposed to the time and effort spent the proper administration of small orders the contractor is bothered by the high risks involved, the possibility of lower wages etc.Each member of the maintenance team is made accountable and
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preview essay on Cost Management of Engineering Works in Construction
  • Pages: 5 (1250 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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