Executive Training Course (1-Day)

ESTIMATING MAINTENANCE AND REPAIR COSTS

» Qualified for 7 PDUs by PE Board

Course Background

The construction cost estimating process is difficult and complex. Decisions have to be taken in the face of uncertainties relating to cost and quantities of production; the production period and foreseeable constructional problems. The difficulties in estimating are compounded in maintenance work due to the following distinguishing factors of the work:

– Small, generally non repetitive and multi-location jobs/tasks
– High labour content in the work; vulnerable to quality and productivity issues
– Higher material wastage due to small work parcels
– Little benefit of learning curve due to nature of work
– Lack of reliable cost standards and data to guide the estimator.

The higher ‘uncertainties’ in executing and managing maintenance work has led to higher variability in cost estimates. The variability is further amplified in maintenance tenders as contractors adopt different risk management approaches and commercial considerations in bid submission.

It is important that cost estimates are accurate. From an Owner’s viewpoint, the estimates form the basis of derivation of long life cycle budgets and shorter term budgets for work procurement. From a contractor’s viewpoint, the estimate will form the basis of a tender bid. For both Owners and Clients, the estimate forms the basis of approval of star rates for variations and non-standard work which often occurs in maintenance contracts.

Course Objectives

The course will provide knowledge and skills to understand the:

• Types of and Nature of Maintenance Work
• Fundaments in Cost Estimating
• Maintenance Cost Estimating: Managing the Risks and Uncertainty
• Long Term Maintenance Cost Estimates
• Medium and Short Term Maintenance Cost Estimates
• Estimating Spot Items and Star Rates in Maintenance Work.

Course Programme

• TYPE AND NATURE OF MAINTENANCE WORK
  • Condition-Based, Cyclical and Response Based Maintenance Systems
  • Preventive, Corrective and Ad-hoc Maintenance Work
  • Nature and Characteristics of Maintenance Work
• FUNDAMENTS IN COST ESTIMATING
  • Types of Cost Estimates
  • Accuracy of Estimates
  • Cost Data and Cost Models
  • Elements of a Cost Estimate
• MAINTENANCE COST ESTIMATING
  • Unique Factors in Maintenance Cost Estimating
  • Distinction between Estimating and Tendering
  • Managing Risk and Uncertainties in Maintenance Cost Estimating
• LONG TERM MAINTENANCE ESTIMATES
  • Use of Estimates
  • Basis of Estimates and Information Needs
  • Worked Examples
• MEDIUM AND SHORT TERM ESTIMATING
  • Use of Estimates
  • Basis of Estimates and Information Needs
  • Worked Examples
• ESTIMATING SPOT ITEMS AND STAR RATES IN MAINTENANCE WORK
  • Function of Spot Items and Star Rates
  • Basis of Estimates and Information Needs
  • Worked Examples

Course Leaders

Dr Quah Lee Kiang FRICS
Dr Quah is the Director of the Real Estate & Construction Centre and the Real Estate & Construction Academy in Singapore. She has extensive regional and international experience in Project and Facilities Management & Maintenance research, advice and academia.

Dr Quah led the EU funded project BE4213 Condition Assessment and Maintenance Strategies for Buildings and Building Components, which among other things, sought to develop an objective building condition assessment system. This project formed part of ongoing research over the last 20 years which culminated in Dutch Standard NEN 2767 on Condition Assessment of Buildings, believed to be a ‘world first’.

Dr Quah’s professional and research affiliations include being Coordinator of the International Council for Research and Innovation in Building and Construction (CIB) Working Commission 70 on Facilities Management and Maintenance for a decade and past President of the Chartered Institute of Building Singapore Centre.  She was also a member of the Royal Institution of Chartered Surveyors (RICS) Asia Board, Singapore Board and Asia Pacific Sustainability Board.

Dr Quah was conferred an Honorary Fellow by Oxford Brookes University for her work in real estate and construction education and the unusual impact her career has had on this particular academic field in Asia.

Course Dates
Monday 19 Aug 2024

Course Fees
$615 nett per person. Course fees includes full colour course documentation and refreshments at tea breaks. 

All Singaporeans aged 25 and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to choose from the courses available on the Training Exchange course directory. NTUC members may claim up to $250 under the Union Training Assistance Programme (UTAP). 

Course Accreditation and Certificate of Attendance
The course has been approved for 7 PDU units under the PE Board Continuing Professional Development programme. Attendance certificates will be issued; they may also be suitable for meeting the CPD requirements of other relevant professional bodies not operating a CPD course accreditation system.

Who should attend
The course will benefit those who have a vested interest in buildings including:

• Developers
• Building Owners
• Government Officials
• Architects
• Engineers
• Project Managers
• Quantity Surveyors
• Contractors/Sub-Contractors/Suppliers
• Property Managers
• Facilities Managers
• Maintenance Managers
• Management Corporations
• Town Councils
• and Others

Cancellations
Cancellations made one week before the scheduled commencement date of the course will be subjected to an administrative fee of $100.00. The full fee of $615.00 will be payable thereafter for any cancellation; substitutions can be made at any time.

Registration & Enquiries
Mr Ken Chew
Tel: 6563 4166
Fax: 6563 4156
E-mail: exectrg@recc.com.sg

Please note:
It may be necessary for reasons beyond RECC’s control, to change the content and timing of the programme and the identity of the course leader/s.