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Prepare and agree contract accounts and entitlement in construction contracting operations management

Reference
D/505/8359
Level
Level 6
Credit Value
14
Guided Learning Hours
40
 
Aim
The aim of this unit is to illustrate the skills, knowledge and understanding required to confirm competence in prepare and agree contract accounts and entitlement in construction contracting operations management within the relevant sector of industry.


Learning Outcomes Assessment Criteria
The Learner Will The Learner Can
1 Be able to prepare and agree interim valuations and final accounts
  • 1.1 - Value work in progress, and agree the calculations with valuers who are acting for the people involved in the contract
  • 1.2 - Price and reference the quantities used in valuations and accounts so that they meet contract provisions
  • 1.3 - Value variations and items which do not have an agreed contract rate by agreeing justifiable non-standard rates
  • 1.4 - Identify the liability for the cost of re-work and additional work, agree the liability with the people involved in the contract and record the estimates to meet administrative and contractual requirements
  • 1.5 - Prepare and submit accurate valuations and accounts which contain relevant background information and clarify and justify areas of potential disagreement
  • 1.6 - Record documents, back-up information and calculations accurately, reference them clearly and store them so that they can be easily referred to for audit and reference
2 Understand how to prepare and agree interim valuations and final accounts
  • 2.1 - Examine how to value work in progress
  • 2.2 - Evaluate how to agree the calculations with valuers who are acting for the people involved in the contract
  • 2.3 - Examine how to price the quantities used in valuations and accounts so that they meet contract provisions
  • 2.4 - Explain how to reference the quantities used in valuations and accounts so that they meet contract provisions
  • 2.5 - Examine how to value variations and items which do not have an agreed contract rate by agreeing justifiable non-standard rates
  • 2.6 - Describe what to identify as the liability for the cost of re-work and additional work
  • 2.7 - Evaluate how to agree the liability with the people involved in the contract
  • 2.8 - Explain how to record the estimates to meet administrative and contractual requirements
  • 2.9 - Explain how to prepare and submit accurate valuations and accounts which contain relevant background information
  • 2.10 - Explain how to clarify areas of potential disagreement
  • 2.11 - Evaluate how to justify areas of potential disagreement
  • 2.12 - Explain how to record documents, back-up information and calculations accurately, reference them clearly and store them so that they can be easily referred to for audit and reference
3 Be able to prepare and agree compensation events and entitlement for reimbursement for loss and expense
  • 3.1 - Assess the basis of entitlement and criteria for recovery against the contract and relevant expert opinion, and progress valid entitlement which can be substantiated
  • 3.2 - Calculate entitlement accurately from relevant and verified information sources
  • 3.3 - Analyse the opposing grounds for the entitlement, structure the entitlement clearly and present them
  • 3.4 - Negotiate and agree amendments to the entitlement with the parties involved in the contract
  • 3.5 - Conduct negotiations with the parties involved in the contract in a manner which maintains their goodwill and trust
  • 3.6 - Record documents, back-up information and calculations accurately, reference them clearly and store them so that they can be easily referred to for audit and reference
4 Understand how to prepare and agree compensation events and entitlement for reimbursement for loss and expense
  • 4.1 - Examine how to assess the basis of entitlement and criteria for recovery against the contract and relevant expert opinion
  • 4.2 - Explain how to progress valid entitlement which can be substantiated
  • 4.3 - Explain how to calculate entitlement accurately from relevant and verified information sources
  • 4.4 - Examine how to analyse the opposing grounds for the entitlement
  • 4.5 - Explain how to structure the entitlement clearly
  • 4.6 - Explain how to present the entitlement
  • 4.7 - Propose how to negotiate amendments to the entitlement with the parties involved in the contract
  • 4.8 - Evaluate how to agree amendments to the entitlement with the parties involved in the contract
  • 4.9 - Explain how to conduct negotiations with the parties involved in the contract in a manner which maintains their goodwill and trust
  • 4.10 - Explain how to record documents, back-up information and calculations accurately, reference them clearly and store them so that they can be easily referred to for audit and reference
Assessment guidance and/or requirements
This unit must be assessed in a work environment, in accordance with the ConstructionSkills‘ Consolidated Assessment Strategy for Construction and the Built Environment.
Assessors for this unit must have verifiable, current industry experience and a sufficient depth of relevant occupational expertise and knowledge, and must use a combination of assessment methods as defined in the Consolidated Assessment Strategy.