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Unit Rate Calculations, Tender Pricing and Cost Administration

Develop an understanding of the unit rate calculations, tender pricing and cost administration processes.

  • Duration

    2 weeks

  • Weekly study

    8 hours
Overview
Requirements
Educators

How do we utilise unit rate calculations in the process of costing projects?

This course aims to develop your understanding of the factors affecting the total cost of labour to an organisation. By the end of the course, you should be able to define the term ‘all-in-rate’ for labour and be able to calculate it.

You will also examine the factors affecting the cost of materials, calculate material cost component and examine the factors affecting the total cost of a plant to an organisation.

Finally, you will have the opportunity to evaluate the principles of unit rate estimating and understand the process for calculating unit rate for excavation/earthwork.

What topics will you cover?

  • Establishing the cost of labour
  • The all-in-rate
  • Working rule agreement
  • The all-in-rate for plant
  • Cost of plant
  • Capital cost calculation
  • Consumables cost calculation
  • Outline of unit rate estimating
  • Categories of work under groundwork section
  • Unit rate calculation – excavation/earthwork
  • Machine excavation

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Develop an understanding of the process for calculating the unit rate for excavation/earthwork
  • Develop an understanding of the basics of unit rate estimating
  • Develop an understanding of the factors affecting the total cost of a plant to an organisation
  • Develop an understanding of the factors affecting the cost of materials and calculate material cost component
  • Explain the term ‘all-in-rate’ for labour and be able to calculate it
  • Develop an understanding of the factors affecting the total cost of labour to an organisation

Who is the course for?

This course is for students who wish to understand the process for calculating unit rates for excavation and examine the factors involved when costing materials.

Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.

Who will you learn with?

Danny McGough

Danny McGough is the course director for the Construction Management with BIM online course at Coventry. He's worked on a number of complex research projects focusing on BIM & sustainable development.

Who developed the course?

Coventry University

Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.

  • Established

    1992

  • Location

    Coventry

Learning on FutureLearn

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  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

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