Learning Outcomes (LO):
On successful completion of this module, the learner will be able to
1 manage cash flow, both forecasted as well as the management of incorporated simulated risks
2 compile interim valuations up to and including Final Account.
3 have an appreciation of financial implications with regard to variations and day works
4 undertake a cost value reconciliation as well as update forecasts
5 divide a project into subcontract packages and procurement of
6 have competency in the use of the Standard Forms of Building & Engineering Contracts and associated subcontracts as well as the application of legislation that affects the administration of these contracts;
7 have an appreciation of dispute resolution procedures from the
preparation of evidence to the procedure itself.
You will find enclosed a priced bill of quantities and drawings for a community center building to be built in Cavan. The contract is a standard GCCC short public works contract PW-CF6. Retention on the contract is 8%. The duration of the project is 9 months. The main contractor is subcontracting the entire project except for management. As the Quantity Surveyor for the main contractor with responsibility for this project, using the attached BOQ, drawings and other documentation – you are asked to carry out a number of commercial management tasks as per project instructions (a separate document)
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