A webinar on “Mastering Project Estimation & BoQ Preparation: Strategies for Accurate Planning and Cost Management” was held on October 2, 2024, via Zoom. The guest speaker, Md. Shamsul Islam, Executive Engineer at the Ministry of Housing and Public Works (PWD), led the session.
The webinar focused on essential strategies for improving project estimation techniques and effectively preparing Bills of Quantities (BoQ). The speaker shared insights on how accurate estimations and cost management can enhance project efficiency, reduce financial risks, and align with construction standards. He emphasized the importance of precise planning in ensuring project timelines and budgets are met, thus supporting sustainable development.
Furthermore, he discussed best practices for preparing BoQ, detailing how it serves as a fundamental tool for communication between clients and contractors. The speaker highlighted the significance of clarity, transparency, and accountability in cost reporting to avoid miscalculations and financial discrepancies.
The session attracted numerous participants who learned practical approaches to balancing project objectives with budget constraints. The interactive Q&A allowed attendees to deepen their understanding of estimation methodologies and how these can be applied in real-world scenarios to achieve success in project management.