Economics Development & Planning for Construction Projects
Course Description
This course identifies economic factors that significantly influence construction projects. The objective is to introduce participants to the application of various economic analysis techniques such as project feasibility studies, lifecycle cost analysis, estimating and cost planning, and cost control techniques that will facilitate making sound construction economic decisions. The candidates will be able to explain the application of microeconomics concepts to project decisions. This course will be case study driven to demonstrate the principles discussed along the course. This course identifies economic factors that are significantly influencing construction projects and how the aggregate of construction projects affect the economy. The objective of the course is to expose the candidates to the application of various economic analysis techniques such as market analysis, project feasibility studies, life cycle cost analysis, selection of the appropriate types and forms of construction contracts and the bidding process.
The Training Course Will Highlight ?
Training Objective

By the end of this course delegates will be able to:

    • Perform construction economic planning & development
    • Develop construction feasibility analysis to determine go/no go
    • Analyze construction project bids and recommend selection
    • Seek construction project finance for efficient implementation
    • Simulate the investigation, preparation and completion of work assignments under resources constraints and with professional attitude

Target Audience

Construction Engineers, Senior Construction Engineers, Construction Supervisors, Construction General Supervisors, Construction Project Managers, Engineering Technologists, Supervision Engineer, Inspection Engineers, Civil Inspectors, Foremen, Design Structural Engineers, Planners, Structural Engineers, Material Specialists, Quality Control and Quality Assurance Experts, Architects, Supervision Engineers, Team Leaders, Site Officers and Managers, Mechanical Engineers, Technical Professionals, Field Production Supervisor, Operation Engineers, Clients Representatives.

Training Methods

Daily Agenda

Introduction and Learning Concepts

    • Learning Concepts
    • Approaches & Rules of Order
    • Development Economics and Construction Projects
    • Definitions
    • Identify the role of the construction industry in the economy
    • Structure of the construction industry
    • Explain the role of various industry associations
    • The regulatory environment

Market Assessment for Construction Projects

    • Strategic Planning & Projects
    • Land Development
    • The Market Study
    • Site Selection
    • Site Analysis
    • The Project Plan

Market Planning for Construction Projects

    • Market Trends
    • Supply & Demand for Housing
    • Competitive Advantage
    • Target Market & Qualification
    • The Business Plan

Fundamentals of Construction Project Feasibility Analysis

    • The Feasibility Plan & Analysis
    • Capital Budgeting
    • NPV, IRR, CB, SCB, Payback Method, ROI, Yield Rate
    • Economic Modelling & Sensitivity Analysis

Construction Project Life Cycle Costing

    • Developing and presenting a Construction Project Life Cycle Cost Analysis.
    • Dispute Resolution Costs

Construction Project Contracts

    • Types of Contracts & Risk: FFP, FPPI, CPFF, CPIF, CPPF
    • Construction Documents
    • Standard Forms: CCDC, FIDIC, Design & Build, Turnkey
    • Bonds & Insurance

Contract Law & Construction Projects

    • Contract Law
    • General & Specific Conditions, Form of Agreement , Appendices
    • Professional Agreements: PM, Architects, Engineers, QS
    • Partnering: Partnerships, PPP, BOOT, CM, etc

The Bidding Process: The Developer

    • Preparation of Bid Documents
    • The Economics of Contracting
    • Construction Budget & Cash Flow
    • Formal procurement guidelines
    • The Control Estimate

Competitive Bidding: The Contractor     

    • The Bid – Cost/Price
    • Bidding Strategy
    • Accuracy in Estimating
    • Analysis of Bid Success Results
    • Recommendations -Improving Bidding Efficiency & Effectiveness

Construction Project Financing

    • Funding Gap
    • Finance Plan & Loan Application
    • Short & Long Term Financing
    • Loan Security - Insurance & Bonds
    • Hold Back (Retention) & Release
    • Commissioning/Approvals /Take Over/Repayment

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.

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Course Rounds : (5 -Days)

Code Date Venue Fees Register
CE136-02 16-01-2022 Manama USD 4950
CE136-03 08-05-2022 Cape Town USD 4950
CE136-04 28-08-2022 Istanbul USD 5450
CE136-05 27-11-2022 Dubai USD 4950
Prices doesn't include VAT

UpComing Date

  • Start date 16-01-2022
  • End date 20-01-2022

  • Country Bahrain
  • Venue Manama

Quality Policy

 Providing services with a high quality that are satisfying the requirements
 Appling the specifications and legalizations to ensure the quality of service.
 Best utilization of resources for continually improving the business activities.

Technical Team

BTS keen to selects highly technical instructors based on professional field experience

Strengths and capabilities

Since BTS was established, it considered a training partner for world class oil & gas institution

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