Budgeting, Costing & Tendering (For Engineers)

In today’s world, Budgeting & Costing plays a major role & is an important factor in ensuring commercial viability of any Business. Company Managements are demanding higher levels of accuracies in assessment of Products, Projects & Expenditures. This becomes more complex in high value, long term Projects, wherein, variety of Items, Components, Materials, Parts, Spares & Services have to be assessed for their technical suitability and then, to be budgeted on cost front. In this Program Module, we give you an insight on all the necessary Techniques, Tools and Methodologies adopted during Budgeting & Costing.

Contents : This Program Module covers following;

• Budgeting & Costing in a Factory Setup
• Budgeting & Costing in a Project Setup
• Design review & Drawing Analysis
• BOM / BOQ preparation
• Material Evaluation & Supplier Selection
• Price Negotiations
• Contracting & Sub-Contracting
• Contingencies & Provisions
• Overall Documentation
• Tendering, Bidding, Participation in E-Auctions
• Interaction with Industry Experts