Institute of Appraisers & Cost Engineers Nigeria

22/02/2026

ENGINEERING VALUATION ACCREDITATION COURSE

The Institute of Appraisers and Cost Engineers (IACE), a division of the Nigerian Society of Engineers (NSE), is pleased to announce its Engineering Valuation Accreditation Course as part of its commitment to capacity building.

This comprehensive two-part accreditation and certification course is designed to equip engineers with the necessary skills and knowledge in Engineering Valuation.

Course Structure
📌 Part 1: Examination at the end of this stage. Successful candidates will proceed to Part 2.
📌 Part 2: Upon passing the final examination, candidates will be certified as Accredited Engineering Valuers (AEngVal).

Target Participants
✅ COREN-registered and registrable engineers who aspire to become Accredited Engineering Valuers.

Learning Objectives
✔ To provide a comprehensive foundation in engineering valuation for both aspiring and practicing professionals.
✔ To grant the prestigious "Accredited Engineering Valuer (AEngVal)" designation upon successful completion.
✔ To enhance professional competence in valuation principles, asset management, economic analysis, and engineering valuation techniques.
Course Outline
• Introduction to Engineering Valuation
• Principles of Valuation & Code of Ethics (Ethics & Standards in Valuation Practice)
• COREN Regulations on Engineering Valuation
• Engineering Valuation Practice in Nigeria
• Engineering Valuation Process
• Classification & Description of Machinery & Equipment
• Physical Inspection & Investigation Techniques
• Approaches to Value (I & II)
• Range of Values & Standard Valuation Terminology
• Fundamentals of Asset Management
• Appraisal Depreciation
• Data Management
• Contract Documents & Administration
• Value Engineering
• Indexes
• Leadership & Management in Projects
• Standard Valuation Report
• Determination of Economic Life of a Plant
• Engineering Economics in Valuation
• Property, Plant & Equipment (PPE) Valuation (Compliance with IFRS)
• Overview of Financial Reporting Council of Nigeria (FRCN) Valuation Regulations & Guidelines
• Technology in Property, Plant and Equipment (PPE) Valuation
• Syndicate Sessions & Case Studies i.e. Motor Vehicle Valuation
• Examinations (I & II)

📌 Course Details
Part One (1)

🗓 Date: Monday, 23rd – Friday, 27th March 2026
📍 Venue: Online via Zoom
⏰ Time: 10:00 AM – 2:00 PM daily
💰 Fee: ₦50,000 (Covers materials & examination)

Part Two (2)
🗓 Date: Monday, 13th – Friday, 17th April 2026
📍 Venue: Online via Zoom (Details provided upon registration)
⏰ Time: 10:00 AM – 2:00 PM daily
💰 Fee: ₦50,000 (Covers materials & examination)

💳 Payment Details
🔹 Account Name: Institute of Appraisers and Cost Engineers
🔹 Account Number: 4090711157
🔹 Bank: Polaris Bank Plc
Note: Zoom details will be provided for registered candidates only.

📌 After Payment:
✅ Send proof of payment to 07036091976 or [email protected]
✅ Register via the link: https://bit.ly/3Zk7xxN

📞 Enquiries
📱 07036091976 | ✉ [email protected] | 🌐 www.iace.ng
🔹 Fill the form via the link to join us and become an Accredited Engineering Valuer (AEngVal), enhancing your professional standing in Engineering Valuation!

20/05/2025

We’re excited to invite you to a premier gathering of minds shaping the future of cost engineering and valuation—the 2025 National Technical Conference and Induction Ceremony of the Institute of Appraisers and Cost Engineers (IACE).

This signature event will unite thought leaders, industry experts, and fellow professionals to explore innovative approaches in engineering economy and cost management that drive sustainable progress.

📌 Event Snapshot:
Date: Thursday, July 17, 2025

Time: 10:00 AM

Venue: The Symposium Hall, Nigerian Merit Award House
Plot 22, Aguiyi Ironsi Street, Maitama, Abuja

​C​o​nference fee: ​N25,000 only

🔍 Conference Theme:
“Optimizing Cost Engineering, Valuation, and Engineering Economy for a Sustainable Future”

​​​Chairman of the Occasion: Engr. Margaret Aina Oguntala, FNSE​ (President, Nigerian Society of Engineers​)

🧩 Sub-Themes Include:
Driving Infrastructure Excellence Through Cost Innovation & Engineering Economy

Boosting Efficiency and Performance with Smart Appraisal Practices

Leveraging Strategic Cost Engineering for National Development

A highlight of the day will be the induction of our newest Fellows and accredited professionals across key specialties in the field.

👉 Secure Your Spot: Register Here

Join us as we chart a bold course for the future of our profession. Your presence and insights will be a valuable addition to the dialogue.

We look forward to seeing you in Abuja!

Warm regards,
The 2025 Conference Planning Committee
Institute of Appraisers and Cost Engineers (IACE)

18/05/2025

3 Weeks to GO! Cost Engineering Accreditation Course

The Institute of Appraisers and Cost Engineers (IACE) is holding its two-part Accreditation Course in Cost Engineering.
Part 1 – CE 101: Cost Engineering Accreditation Course
Dates: Monday 9th – Friday 13th June, 2025

Time: 10:00 AM – 2:00 PM daily

Fee: ₦50,000 (includes training, materials, and exam)

Target Audience: COREN-registered or registerable engineers

Focus: Cost estimation, control, scheduling, project appraisal, risk analysis, and more

Outcome: Sit for an exam to qualify for Part 2

Part 2 – CE 101: Advanced Topics & Certification
Dates: Monday 23rd – Friday 27th June, 2025

Time: 10:00 AM – 2:00 PM daily

Fee: ₦50,000

On successful completion of both parts and exams, participants will be awarded the designation Accredited Cost Engineer (ACostE).

Registration: https://bit.ly/2025CostEngReg
Payment Details:
Account Name: Institute of Appraisers and Cost Engineers

Bank: Polaris Bank Plc

Account No.: 4090711157

Send evidence of payment to:

WhatsApp: 07036091976

Email: [email protected]

Course Coordinators:

Engr. Ismail Oshone – 07063459049

Engr. Manasseh Yusuf – 07036091976

17/08/2024

18/06/2024

04/06/2024

Call for Papers: IACE National Technical Conference 2024
Theme: Sustainability and Ethical Practices in Appraisal, Cost Engineering, and Engineering Economy in Nigeria.

The Institute of Appraisers and Cost Engineers (IACE) is pleased to announce its upcoming National Technical Conference focusing on "Sustainability and Ethical Practices in Appraisal, Cost Engineering, and Engineering Economy in Nigeria." The conference aims to bring together experts, researchers, and practitioners to explore innovative approaches, best practices, and challenges in these critical areas.

Sub-Themes:
1) The role of digital tools, automation, and data analytics in optimizing appraisal and cost engineering workflows and decision-making processes.
2) Techniques for identifying, assessing, and mitigating risks in appraisal and cost engineering projects to enhance resilience and project success.
3) Professional Development and Ethics: the importance of continuous learning, professional ethics, and standards compliance in maintaining the integrity and credibility of Engineering Valuation, Cost Engineering and Engineering Economy Practices in Nigeria.

Submission Guidelines:
• Abstracts should be submitted by 7th June, 2024.
• Abstracts must be no more than 500 words and should clearly state the objectives, methodology, and findings of the proposed paper.
• Submissions should be sent via email to [email protected]
Important Dates:
 Deadline for Abstract Submission: June 7th, 2024
 Notification of Acceptance: June 15th, 2024
 Full Paper Submission Deadline: July 15th, 2024
Conference Venue: The Nigerian Merit Award House, Plot 22, Aguiyi Ironsi Street, Maitama, Abuja.
Date: Thursday, August 8th, 2024.
Time: 10:00am
Registration Link: https://bit.ly/IACEConfReg

For more information, contact [email protected] / 07036091976.
We look forward to your contributions and participation in advancing sustainability and ethical practices in appraisal, cost engineering, and engineering economy.

04/06/2024

ACCREDITATION COURSE IN COST ENGINEERING
The Institute of Appraisers and Cost Engineers (A Division of The Nigerian Society of Engineers) wishes to announce its accreditation course in Cost Engineering.

This is a two-part accreditation and certification course; at the end of Part 1, an examination will be conducted and successful candidates will proceed to Part 2.
Upon passing examinations in both parts, candidates shall be admitted as Accredited Cost Engineer (ACostE).

CE 101 Cost Engineering Accreditation Course (Part 1)

COURSE OBJECTIVES:
• To professionally develop participants in all aspects of cost engineering practices such as cost estimation, cost control, planning and management, contract administration, risk analysis, profitability, planning and scheduling etc.
• To award the Institute’s designation of “Accredited Cost Engineer” to members who pass the prescribed examination at the end of the course.

TARGET AUDIENCE:
COREN registered and registerable Engineers

REGISTRATION LINK: https://bit.ly/CostEngReg


CE 100 Cost Engineering Accreditation Course (Part 1)
DATE: Monday 24th to Friday 28th June, 2024.
VENUE: Online via Zoom platform
TIME: 10:00am – 2:00pm daily
COURSE FEE: (Part 1): ₦ 50,000.00 per participant to cover training, course materials and examination.

Course Outline
1. Briefs About the Institute
2. Introduction to Cost Engineering
3. Cost Engineering Ethics and Review of COREN Regulations for Engineering Appraisal/Valuation and Cost Engineering Economy
4. Project Cost Estimation Techniques
5. Budgeting and Forecasting
6. Project Cost Control Techniques
7. Activity- Based Costing
8. Principles of Linear Programming
9. Principles of Project Management
10. Project Planning & Scheduling Techniques
11. Project Appraisal and Evaluation
12. Profitability Analysis (I)
13. Project Risks Identification, Analysis and Mitigation
14. Asset Depreciation & Taxation
15. Project Time Management
16. Optimization Techniques (I)
17. EXAMINATION

CE 101 Cost Engineering Accreditation Course (Part 2)
DATE: Monday 8th July to Friday 12th July, 2024.
VENUE: Online via Zoom platform
TIME: 10:00am – 2:00pm daily
COURSE FEE(Part 2): ₦ 50,000.00 per participant to cover training, course materials and examination.

Course Outline
1. Project Cost Techniques (II)
2. Project Cost Control (II)
3. Project Planning & Scheduling Techniques (II)
4. Principles of Project Management (II)
5. Investment Decision-Making Process for Engineers
6. Linear Programming (II)
7. Performance Measurement, Productivity Management
8. Optimization Techniques (II)
9. Progress Measurement and Earned Value Management (EVM)
10. Principles of Project Financing
11. Profitability Analysis (II)
12. Leadership and Managing People in a Project
13. Value Engineering
14. Contract Documents and Contract Administration
15. Engineering Economy
• Time Value of Money
• Life Cycle Costing Fundamentals
• Life Cycle Frameworks and Techniques
• Life Cycle Cost Models and Cost Estimation Models etc.
16. Case Studies
17. Review /Wrap-up
18. EXAMINATION

All Payments are to be made into:
A/C Name: Institute of Appraisers and Cost Engineers
Bank: Polaris Bank Plc
A/C Number: 4090711157
Upon payment, kindly send evidence to 07036091976 or to [email protected]

COURSE COORDINATORS:
Engr. Ismail Saliu Oshone, MNSE, ASCostE
07063459049

Engr. Manasseh K. Yusuf, MNSE, MNIEEE, AEngVal
07036091976

07/02/2024

Institute of Appraisers & Cost Engineers
(A Division of the Nigerian Society of Engineers)
Member, International Cost Engineering Council

ENGINEERING VALUATION ACCREDITATION COURSE

In its quest to create capacity, the Institute of Appraisers and Cost Engineers (A Division of The Nigerian Society of Engineers) wishes to announce its accreditation course in Engineering Valuation.

This is a two (2) part accreditation and certification course; at the end of Part 1, an examination will be conducted and successful candidates will proceed to Part 2.
Upon passing examinations in both parts, candidates shall be admitted as Accredited Engineering Valuer.

Target participants
 COREN registered and registrable engineers who aspire to become “Accredited Engineering Valuer”.

Learning objectives
 To provide a comprehensive set of guidepost and authoritative principles designed to provide necessary foundational background to both Valuer aspirants and to the qualified professionals who desire to update and broaden their professional skills.
 To grant the Institute’s designation of “Accredited Engineering Valuer (AEngVal)” to members who pass the prescribed examination at the end of the course. This is a compulsory course that counts towards accreditation as valuer.

Course Outline
1) Brief about the Institute
2) Introduction to Engineering Valuation
3) Principles of Valuation and Code of Ethics
4) COREN Regulation on Engineering Valuation
5) Engineering Valuation Practice in Nigeria
6) Introduction to Asset Management
7) Engineering Economics in Valuation
8) Engineering Valuation process
9) Classification and description of Machinery & Equipment
10) Appraisal Depreciation
11) Approaches to Value
12) Indexes
13) Range of Values
14) Standard Valuation Terminology
15) Data Management
16) Contract Documents and Administration
17) Value Engineering
18) Inspection/Identification Techniques
19) Harnessing Technology for Engineering Valuation
20) Determination of Economic Life of a Plant
21) Leadership / Management of People in a Project
22) Standard Valuation Report
23) Value Analysis
24) Syndicate Session
25) Case studies
26) Examination I
27) Examination II

Part One (1)
Date:
Monday 18th – Friday 22nd March 2024

Venue:
Online via Zoom platform (Get details upon registration)

Time:
10:00am-2:00pm daily

Cost:
Part 1 Course fee is fifty thousand naira (₦50,000.00) only per participant. This covers materials and examination.

Part Two (2)
Date:
Monday 8th April – Friday 12th April 2024

Venue:
Online via Zoom platform (Get details upon registration)

Time:
10:00am-2:00pm daily

Cost:
Part 2 Course fee is fifty thousand naira (₦50,000.00) only per participant. This covers materials and examination.
Name: Institute of Appraisers and Cost Engineers
Account number: 4090711157
Bank: Polaris Bank Plc

Upon payment, kindly send evidence 07036091976 or [email protected] and register using the link below:

REGISTRATION LINK: https://bit.ly/3OsJ58y

Enquiries
For further enquiries, please contact us on the following:
07036091976, [email protected], www.iace.ng