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Module 1: Introduction to Cost Management in MEP Projects
1-Cost-Control-Budgeting-and-Value-Engineering-in-MEP-Works
Understanding MEP Systems – HVAC, Fire Fighting, Electrical, Plumbing
Cost Components in MEP Works – Materials, Labour, Equipment, Overheads
Importance of Cost Control and Budget Planning in MEP
Module 2: Estimation and Quantity Take-Off Methods
2-Estimation-and-Quantity-Take-Off-Methods
Basics of Quantity Measurement for MEP Items
BOQ Preparation for HVAC, Fire Fighting, Electrical, and Plumbing
Rate Analysis and Market Benchmarking
Module 3: Budget Sheet Preparation and Cost Allocation
3-Budget-Sheet-Preparation-and-Cost-Allocation
Creating a Detailed Budget Sheet for MEP Packages
Allocating Costs Across Disciplines and Subcontractors
Linking Budget Sheets to Project Milestones
Module 4: Project Cost Breakdown Structure (CBS) for MEP
4-Cost-Control-Budgeting-and-Value-Engineering-in-MEP-Works
Developing CBS by Work Package and Discipline
Integration of CBS with WBS and S-Curves
Monitoring Cost Performance Using CBS
Module 5: Direct and Indirect Cost Components
5-Direct-and-Indirect-Cost-Components
Identifying Direct Costs: Material, Labour, Equipment
Indirect Costs: Site Overheads, Prelims, Administration
Inclusion of Contingencies and Escalation in Cost Planning
Module 6: Procurement Cost Management
6-Procurement-Cost-Management-in-MEP-Works
MEP Material Procurement Cycle and Lead Times
Vendor Evaluation and Cost Comparison Sheets
Managing Imported Equipment, Duties, and Freight
Module 7: Cash Flow and Payment Schedule Management
7-Cash-Flow-and-Payment-Schedule-Management
Preparing Cash Flow Forecast for MEP Packages
Linking Payment Milestones to Work Progress
Cash Flow Tracking and Deviation Analysis
Module 8: Value Engineering Fundamentals
8-Value-Engineering-Fundamentals-in-MEP-Systems
Principles of Value Engineering in MEP Systems
Cost vs. Function Optimization – Case Scenarios
Conducting VE Workshops and Evaluation Matrices
Module 9: Life Cycle Cost Analysis (LCCA)
9-Life-Cycle-Cost-Analysis-in-MEP-Works
Concept of Life Cycle Costing in MEP Works
Comparing Capital Cost vs. Operating Cost
Energy Efficiency and Payback Period Calculations
Module 10: Cost Control Techniques and Monitoring Tools
10-Cost-Control-Techniques-and-Monitoring-Tools
Cost Baseline and Budget Control Techniques
Variance Analysis and Corrective Actions
Cost Reporting and Dashboards for Management
Module 11: Contractual and Financial Implications
11-Contractual-and-Financial-Implications-in-MEP-Works
Contract Clauses Affecting Cost and Payment Terms
Handling Variations, Change Orders, and Claims
Managing Retention, Advance, and Final Settlements
Module 12: Coordination Between MEP and Civil Works
12-Coordination-Between-MEP-and-Civil-Works
Interface Management Between MEP and Structural Teams
Cost Impact of Design Changes and Coordination Gaps
Controlling Rework and Wastage Costs
Module 13: Risk and Contingency Cost Planning
13-Risk-and-Contingency-Cost-Planning-in-MEP-Projects
Identifying Cost Risks in MEP Projects
Establishing Risk Reserves and Contingencies
Monitoring Risk Triggers and Cost Impacts
Module 14: Cost Reporting and Performance Review
14-Cost-Reporting-and-Performance-Review
Monthly and Quarterly Cost Reports – Structure and Formats
KPIs for MEP Cost Performance (CPI, SPI, CV, SV)
Final Cost Closeout Report and Lessons Learned
Module 15: Advanced Value Engineering Applications
15-Advanced-Value-Engineering-Applications
Case Studies in Cost Reduction for HVAC, Electrical, and Plumbing
Sustainable Design and Energy Cost Optimization
Developing a Value Engineering Culture in MEP Organizations
