Webinar: Mastering the Dual-Rate Overhead Process and Calculation for Precision Costing

Please note: The webinar link will be sent to all attendees the day prior to the event

The custom nature of construction projects demands precise information to make risk-reducing and profit-enhancing decisions.

Applying General and Administrative (G&A) costs to a construction project tender is an often simplified methodology. G&A, or "overhead," is a substantial expense paid for a contractor's project margins and is affected by the mix of cost types that a firm projects. Unfortunately, only a handful of formulas capture the realities of its dynamics. The Dual-Rate Overhead Application Methodology is an algorithm formulated from construction contractor banking data and is considered the most accurate.

Don't miss our upcoming webinar, in which industry experts Matt Stevens PhD and John Smolders, AM, will examine and discuss the Dual-Rate Overhead Calculation.

What You'll Learn:

• Accurate G&A Costing to a Project: Understand the importance of precise G&A costs and how they impact your tendering results and project margins.
• Proven Methodology: Discover the Dual-Rate Overhead Application Methodology, developed from extensive banking data, established decades ago, and re-validated by recent studies.
• Project Size Efficiency: Utilise job sizing algorithms to determine overhead efficiency for varying-size projects.
• Practical Applications: Apply dual-rate overhead across your firm to enhance cost clarity, aid in negotiations, and improve post-job reviews.

Do not miss this opportunity to gain a competitive edge in the construction industry

About the speakers:

Matt Stevens PhD

Matt Stevens, PhD, FAIB, is a Senior Lecturer at Western Sydney University. He teaches and researches construction contracting issues. Since arriving at WSU in 2018, he has authored over 70 academic and professional papers. He instructs several subjects, including Modern Construction Enterprises and Modern Construction Projects. 

Matt’s recent text book, co-authored with John Smolders, Understanding Australian Construction Contractors: A Guide for Emerging Professionals (Routledge), was published in 2023. His other industry books include The Construction MBA and Managing a Construction on Just 24 Hours a Day (McGraw-Hill).

Before 2018, Stevens advised over 100 construction firms in Australia, Canada and the US. His credentials, experience, and body of work all focus on construction contracting. 

John Smolders AM

John is a practicing construction professional. Grounded by onsite and offsite training and practice over many years, he now shares these insights with his students and peers.

Having served and represented the industry through professional organisations, John was awarded Member of the Order of Australia for significant services to the Construction Industry and to Higher Education in 2019.

About the webinar:

Time: 12:00pm - 1:00pm (AEST)
Cost: $38 (incl. GST) AIQS Members // $50 (incl. GST) Non-Members
CPD: 1 point

Register below for the live session or CLICK HERE to register for the recording.

The views and opinions expressed in this presentation are those of the presenter(s) and do not necessarily reflect the official policy or position of AIQS.