Redfern Contract Consultants Ltd


Effective Cost, Value & Subcontract Management

  • Managing the value and costs of specialist construction work including the procurement and management of subcontracting.iStock_000010847819XSmall

Recommended for

  • Any personnel involved with any direct responsibility for procurement, management and payment of sub-contractors plus any aspect of contractual entitlements to payment, especially project, contract and operations managers, commercial personnel, credit control & finance department, administration personnel.

Duration and Price

  • 1 day: £199 + VAT per person. Book online using the forms below.
  • For group bookings, please contact Andy Redfern on 01283 512535.

Benefits of Attending

  • Gain a concise, detailed and practical review of the key aspects of managing the costs of specialist      construction work
  • Particular emphasis on the issues surrounding effective value management and control of costs
  • Develop a clear and practical understanding of how to manage the day to day control of costs
  • Gain practical advice on how to implement good commercial practice to maximise recovery of entitlements and realistic forecasting
  • Understand the key contractual aspects of subcontract procurement
  • Guide to commercial practice of procuring and managing subcontract accounts
  • Establish how to ensure the subcontract scope of works is correct and the necessary legal and contractual elements are included
  • Learn how to manage the subcontract costs and variations in line with your contract

Next Dates

  • TBC

  • TBC

Course Content

  • Contract value
  • Monitoring and forecasting costs
  • Labour resourcing, allocation and monitoring
  • Procurement
  • Variation recovery and forecasting
  • Good commercial practice for cost and value forecasting and recovery
  • Establishing the subcontract scope of work
  • Preparation, sending and evaluation of tender enquiries
  • Subcontract terms and conditions
  • Clarifications and exclusions
  • Management of subcontract progress and programme
  • Management of subcontract variations
  • Subcontract final account

Testimonials

  • “Such a useful course – I wish I’d been on it much earlier in my career!”
  • “We send all our new project managers on this course as it gives an in-depth grounding on all the contractual roles and responsibilities needed to safeguard our company and employees.”