Construction Project Estimating
Overview
This seminar presents the basics of construction cost estimating for construction projects. Emphasis is placed on developing realistic costs and estimating techniques and procedures.
PROGRAMME OBJECTIVES
- Understand the mechanics of construction cost estimating
- Know the various estimating techniques strategies
- Know techniques for preparing unit price estimates
- Know the factors and accuracy of conceptual estimates
TRAINING METHODOLOGY
The seminar employs a variety of techniques, including lecture, hands on exercises and group discussions
ORGANISATIONAL IMPACT
- Improved estimates
- Increased accuracy of estimates
- Choosing appropriate methodologies
PERSONAL IMPACT
- Develop confidence in using various estimating techniques
- Learn new skills and knowledge to help advance career
COMPETENCIES EMPHASIZED
- Understand the various estimating requirements for conceptual vs. hard bid estimates
- Know which estimating approaches are appropriate for different construction delivery systems (design-build, lump sum, unit price, etc.)
Who Should Attend?
This seminar is designed for civil engineers and design engineers, consulting engineers and project managers, construction contractors and constructors, project estimators, owner’s representatives for civil engineering infrastructure projects, contract managers, cost engineers, construction superintendents, regulatory agency project managers, and value engineering program managers.
PROGRAMME OUTLINE
- Costs Associated with Constructed Facilities
- Approaches to Cost Estimation
- Production function
- Empirical cost inference
- Unit costs for bill of quantities
- Allocation of joint costs.
- Types of Construction Cost Estimates
- Design Estimates
- Bid Estimates
- Unit Cost Method of Estimation
- Hierarchy of Estimates
- Preliminary Estimates.
- Detailed Estimates.
- Engineer's Estimates.
- Unit cost method hierarchy
- Subcontractor Quotations.
- Quantity Takeoffs.
- Construction Procedures.
- Factored Estimates
- Estimates Based on Labor, Material and Equipment
- Methods for Allocation of Joint Costs
- Historical Cost Data
- Applications of Cost Indices to Estimating
- Estimate Based on Engineer's List of Quantities
- Allocation of Construction Costs Over Time
- Computer Aided Cost Estimation
- Estimation of Operating Costs
