FIDIC for Quantity Surveyors & Cost Engineers: Managing Costs, Budgets, and Variations Effectively
COURSE OVERVIEW
Effective cost management is a critical aspect of FIDIC-based projects. This 5-day intensive programme equips **Quantity Surveyors and Cost Engineers** with the knowledge and practical skills to **manage budgets, evaluate claims, assess variations, and control project costs** under Red, Yellow, Silver, and Gold Book contracts.
The course combines **contract clauses, cost planning, claims analysis, and case studies** to strengthen financial governance and project delivery.
COURSE OBJECTIVES
By the end of this programme, participants will be able to:
1. Understand FIDIC contractual clauses relevant to cost management and payment
2. Manage budgets, interim valuations, and final accounts
3. Assess and quantify claims, variations, and extensions of time
4. Implement cost control and risk mitigation strategies
5. Prepare accurate payment certificates and reports
6. Integrate cost management with project planning and schedule monitoring
7. Ensure compliance with FIDIC, local regulations, and best practices
8. Apply lessons from practical case studies to real-world projects
5-DAY DETAILED COURSE OUTLINE
DAY 1 — Introduction to FIDIC for QS & Cost Engineers
* Overview of FIDIC Red, Yellow, Silver & Gold Books
* Roles and responsibilities of Quantity Surveyors and Cost Engineers
* Key contract clauses affecting cost and payment
* Understanding project budgets, cash flow, and funding
DAY 2 — Cost Planning & Budget Management
* Preparing and monitoring budgets under FIDIC contracts
* Interim payments, payment schedules, and cash flow management
* Cost control strategies and financial reporting
* Documentation and record-keeping for audit compliance
DAY 3 — Variations & Claims Assessment
* Identifying and valuing variations
* Submitting claims for additional work, delays, and costs
* Assessing claims submitted by contractors or subcontractors
* Tools and templates for claim quantification
DAY 4 — Extensions of Time & Financial Impact
* Understanding FIDIC delay and extension clauses
* Calculating cost impacts of delays and extensions
* Integrating schedule and cost analysis
* Real-world examples of disputes over EOT and costs
DAY 5 — Practical Workshops & Certification
* Case studies: payment certification, variation assessment, and cost control
* Hands-on exercises: evaluating claims and preparing financial reports
* Best practices in cost management under FIDIC
* Final assessment & certificate issuance
WHO SHOULD ATTEND
* Quantity Surveyors
* Cost Engineers & Project Controllers
* Project Managers & Contract Administrators
* Financial Controllers and Accountants in construction projects
* Consultants and Engineers handling FIDIC contracts
* Contractors and subcontractors managing cost compliance
KEY BENEFITS
Participants will:
* Master FIDIC cost management, payment, and financial clauses
* Improve budgeting, cost control, and reporting accuracy
* Assess and quantify claims, variations, and extensions of time
* Reduce disputes and enhance compliance with contractual obligations
* Gain practical experience through real-world case studies and exercises
* Strengthen professional skills and credibility in project finance management
CERTIFICATION
Certification Title:
**Certified Specialist in FIDIC Cost Management for Quantity Surveyors & Cost Engineers**
*Issued by KE Leaders International Training Centre*
Includes:
✔ International Certification
✔ Digital Badge
✔ CPD Hours
✔ Payment Certification & Claim Templates
✔ Case Study Workbook
Contact Info:
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
