Tallowgate Works: tender to first valuation

What you will do

Hannah, Tandlewick's estimator, has priced the net rates and the preliminaries; you turn them into a tender, buy the dry lining, value the first month and the first Variation. Price the dry lining, build the tender sum, level three subcontract bids and award the package, put together Interim Valuation 1 with retention and VAT, then value the architect's first Variation and move the contract sum. Every figure is rechecked against the case ledger, and every wrong answer that matches a known mistake is named. Learning outcome: you can build a UK contractor's tender from net cost without double-counting preliminaries, risk or VAT, level an incomplete bid and justify the award, apply SBC retention and the VAT tax point to an interim payment and its notice dates, and value a Variation under the clause 5.6 Valuation Rules.

You will be able to

Skills checked

• Price a trade package from NRM2 quantities and rates
• Build a tender sum with preliminaries and overheads and profit
• Level subcontract bids and award the package
• Prepare an interim valuation with retention, VAT tax point and domestic reverse charge
• Value a variation under JCT clause 5.6 and update the contract sum

Tasks

1. 1Price the dry lining packageBOQWatch 6 min
2. 2Build the tender sumBOQWatch 6 min
3. 3Level the dry lining bids and awardBid managementWatch 6 min
4. 4Interim Valuation 1 (September)ContractsWatch 6 min
5. 5Value Variation 01 (AI 07)VariationsWatch 6 min

Certificate

Awarded when all 5 tasks pass the numbers, trace and explain checks.

3.0 h of study

Certificates →

OpenConstruction AcademyCertificate of completionIssued toYour nameTallowgate Works: tender to first valuationCourse version 0.6.14ID OCA-XXXX-XXXX

Files you work with

Created in your OpenConstructionERP workspace the moment you enrol.

• project
• parties7 records
• BOQbill of quantities18 lines
• Bid managementbid package4 lines
• contract
• Contractsprogress records4 lines
• Variationschange register1 record

Before you start

No other course is needed first. You can start with this one.

Questions