Lecture notes
Unit 3
- Institution
- PEARSON (PEARSON)
Provide insight to unit 3 Aim 1 ( commercial risks)
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Unit 3: Tendering and Estimating• Unit externally assessed, mandatory unit for the Extended Diploma in which:
• Examine the means and processes involved when tendering and estimating to
obtain work as a main contractor.
• Learners will gain understanding of the essential requirements for main
contractors in order to assess commercial risks associated with a project bid.
• Learners will need to demonstrate their understanding of:
• the elements that make up an estimate
• the build-up of the final price within a tender
• the mathematics involved in calculating values for work items
• how to build up prices from the analysis of method statements and outputs to
produce final costs.
,Assessment outcomes
AO1 Apply knowledge and understanding of the tendering
and estimating process and techniques to determine
estimated costs
AO2 Analyse information to determine tendering and
estimating outcomes in order to make evaluative judgements
and commercial decisions in context
AO3 Be able to apply the tendering and estimating process,
techniques and outcomes in order to produce a justified
tender submission relative to the scenario
,Assessment guidance
This is an externally assessed unit comprising:
• a written exam based upon a given estimating scenario.
• copy of the examination paper as a revision resource.
Delivering the topic
• The complete process involved in producing project estimates and
commercial risk assessments, through to the submission of the tender
bid.
Topics:
1. Commercial risks
2. Estimating
3. Commercial decision
, Tendering and Contracting in the UK
RIBA Plan of Work The process through which a building is completed
• Inception
• Feasibility
• Outline Proposal
• Schematic Design Pre-Contract
• Detail Design
• Production Information
• Bills of Quantities
• Tender Action
• Project Planning
• Operations on Site Post-Contract
• Completion
• Feedback
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