Control project quantities and costs
Overview
"This standard is about implementing quantity and cost control systems, identifying variances in quantities and costs and recommending cost efficiencies in the execution of projects in accordance with current organisational requirements which are equal to or exceed current statutory and legislative requirements.
This standard is for people working in the occupational area of construction site management which is defined as the management of multiple construction trades and disciplines and can be used by supervisors and managers"
Performance criteria
You must be able to:
"P1 implement and monitor one of the following quantities and
cost control systems which can provide early warning of
problems
1.1 operational procedures and meetings
1.2 electronic records
P2 ensure that quantity and cost data is collected, recorded and
passed on to the stakeholders in relation to at least four of the
following
2.1 people
2.2 plant, equipment or machinery
2.3 materials and components
2.4 sub-contractors
2.5 information
2.6 work area and facilities
2.7 waste management
2.8 site overheads
2.9 records of valuations of work completed
P3 ensure that work values, quantities and cost data are prepared
and recorded
P4 ensure that prepared data is presented in a format which will
help the people responsible to make decisions
P5 ensure that variations and trends in quantities and cost data
are identified, specified, quantified, costed and recorded
P6 ensure that any variations are investigated, agreed and
recorded to allow at least one of the following actions to be
implemented
6.1 alter progress in accordance with agreed programme
6.2 agree new completion dates
6.3 initiate contract claim
6.4 secure alternative resources
6.5 alter planned work schedules
6.6 alter method of work
P7 identify and record at least four of the following opportunities
for cost efficiency and recommend them to stakeholders
7.1 waste reduction
7.2 resource management and logistics
7.3 applications of new technologies and materials
7.4 energy and utility management
7.5 recyclable and recoverable materials
7.6 alternative sources and types of materials
7.7 variations in quality
7.8 standardisation
7.9 revenue generation
7.10 method of work"
Knowledge and Understanding
You need to know and understand:
"Performance Criteria 1
Implement systems
K1 how to implement and monitor project quantities and cost
control systems which will provide early warnings of problems
Performance Criteria 2
Collect quantity and cost data
K2 how to ensure that the following quantities and cost data is
collected and recorded for the project against the following
resources used
Quantities and cost data
K2.1 materials
K2.2 plant
K2.3 people
K2.4 sub-contractors
K2.5 day works
K2.6 variations
K2.7 retention sums
K2.8 forecasts of expenditures
K2.9 performance information
K2.10 project programme and progress
Resources
K2.11 people
K2.12 plant, equipment or machinery
K2.13 materials and components
K2.14 sub-contractors
K2.15 information
K2.16 work area and facilities
K2.17 waste management
K2.18 site overheads
K2.19 records of valuations of work completed
K3 how to ensure data is passed on to the stakeholders in time
for them to use it
Performance Criteria 3
Prepare data
K4 how to ensure the correct work values and following
quantities and cost data are prepared
K4.1 materials
K4.2 plant
K4.3 people
K4.4 sub-contractors
K4.5 day works
K4.6 variations
K4.7 retention sums
K4.8 forecasts of expenditures
K4.9 performance information
K4.10 project programme and progress
Performance Criteria 4
Present data
K5 how to ensure that the following quantities and cost data are
presented in a format which will help the people responsible
to make decisions
K5.1 materials
K5.2 plant
K5.3 people
K5.4 sub-contractors
K5.5 day works
K5.6 variations
K5.7 retention sums
K5.8 forecasts of expenditures
K5.9 performance information
K5.10 project programme and progress
Performance Criteria 5
Identify variations and trends
K6 how to ensure variations and trends in the following
quantities and cost data are identified, specified, quantified
and calculated
K6.1 materials
K6.2 plant
K6.3 people
K6.4 sub-contractors
K6.5 day works
K6.6 variations
K6.7 retention sums
K6.8 forecasts of expenditures
K6.9 performance information
K6.10 project programme and progress
K7 why it is important to quantify the cost trends in quantities
and cost data
Performance Criteria 6
Investigate variations and implement corrective action
K8 how to ensure variations in cost data are investigated
K9 why it is important to investigate variations in cost data
K10 how to agree and implement the following corrective actions
with stakeholders which will add costs and expenditure to
budget
K10.1 alter progress in accordance with agreed programme
K10.2 agree new completion dates
K10.3 secure alternative resources
K10.4 alter planned work schedules
K10.5 alter method of work
K11 why it is important to agree and implement corrective
action with stakeholders in order to maintain costs and
expenditure to budget
K12 how to initiate a contract claim
Performance Criteria 7
Identify cost efficiencies
K13 how to identify the following opportunities for cost efficiencies
K13.1 waste reduction
K13.2 resource management and logistics
K13.3 applications of new technologies and materials
K13.4 energy and utility management
K13.5 recyclable and recoverable materials
K13.6 alternative sources and types of materials
K13.7 variations in quality
K13.8 standardisation
K13.9 revenue generation
K13.10 method of work
K14 how to develop and recommend to stakeholders the systems
and processes that will assist in the identification of
opportunities for cost efficiencies
K15 why it is important to develop and recommend to
stakeholders the systems and processes to identify
opportunities for cost efficiencies
K16 how to recommend opportunities for cost efficiencies to
stakeholders"