The design and construction of building projects is highly complex and demanding process involving multiple disciplines such as architecture, civil and structural engineering, mechanical and electrical engineering, quantity surveying and construction.
The design and construction of building projects is highly complex and demanding process involving multiple disciplines such as architecture, civil and structural engineering, mechanical and electrical engineering, quantity surveying and construction. Delivering a project of high complexity within the right cost budget, time schedule and quality is critical in meeting client’s project objectives.
Cost management and estimating provides project owners, developers, consultants and contractors the certainty and economy of cost over the life cycle of a building with the use of cost modeling, planning and management techniques. The Certificate in Cost Management and Estimating covers the basic principles relating to estimating of items of the works to be undertaken on construction projects.
Major topics are quantitative techniques in cost analysis, cost planning and approximate estimating. The principles governing the pricing of items and building up rates for items of works including structural, architectural and M&E works are also covered.
The Institute was established in 1982 when the Singapore Institute of surveyors and the Singapore Institute of Valuers merged. The Institute comprises 3 divisions: the Land Surveyors, the Quantity Surveyors and the Valuation and General Practice.
The Land Surveyors play a crucial role in the proper erection of buildings, especially high-rise construction, and the accurate delineation and identification of vertical and horizontal interests in these buildings.
The Quantity Surveyors are consulted on the economics of cost in the development or redevelopment process.
The Valuers give advice on the values of interests in property upon which all real estate activities are based on. In addition, the Valuation and General Practice also comprise real estate professionals dealing in marketing and agency, management and various forms of consultancy on real estate issues.
Objective
As stated in our Constitution, we aim to:
secure the advancement and facilitate the acquisition of that knowledge which constitutes the professions of Land Surveying, Quantity Surveying and Valuation and General Practice;
promote the general interests of the profession and to maintain and improve its usefulness for the benefit of the public;
regulate and improve the standards of professional conduct and practice of its members.
History of SISV
The singapore Institute of Surveyors and Valuers (SISV) was formed on 1st April 1982 following a merger between the Singapore Institute of Surveyors (SIS) and the Singapore Institute of Valuers (SIV). This merger was the culmination of seven years efforts by both the surveying and valuing professions to form a single body to further their common interests.
Singapore Institute of Surveyors (SIS)
The SIS's history dated as far back to 1937 when then first professional institution for the Land Surveyors, Quantity Surveyors and Valuers was established in Singapore. That was the Malaya Branch of the Royal Institution of Chartered Surveyors (RICS). In 1957, Malaya become independent from Great Britain. For political and geographical reasons, the local branch sub-divided into the 'Singapore branch' and the 'Malaya Branch'. With encouragement and cooperation from the RICS, the Singapore Branch was phased out. The Singapore institute of Surveyors came into being on 23 July 1968.
Singapore Institute of Valuers (SIV)
The SIV can trace its origin back to 18 January 1963 when then Real Estate Valuers Association (Singapore) [REVA(S)] was formed as a result of discussions by a group of members of the Chartered Auctioneers and Estate Agents institute of the United Kingdom to have a local association of Valuers, Auctioneers and Estate Agents. In 1977, the REVA(S) decided to amend its Constitution and ByeLaws and changed its name to the Singapore Institute of Valuers (SIV). The REVA(S) formally become SIV on 22 September 1977.
This course introduces concepts of project cost management and budget control and aims to develop a comprehensive understanding of how principles, methods, and tools of the management of project costing, budget management and cost control are applied in the management of projects.
Many managers and executives have the responsibility of preparing and monitoring a business budget for their team or department. Therefore, it is important for them to understand the different types of budgets and budgeting considerations.
Gaining insights into the cost-volume-profit relationships enable managers to make better scare resources allocation decisions, plan activities, control costs and evaluate performance.
To stay on top, companies must constantly re-examine the budgeting and forecasting models they use in their decision making processes to ensure they are up-to date and incorporate the latest in budgeting and forecasting best practices.
This workshop focuses on the skills to manage the budgeting and forecasting processes that are critical to enterprises large and small.
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