8/1/2023 - Facilities & Construction Cost Estimating
Today’s construction professional, whether a project manager or designer, has more responsibilities than ever before. In this increasingly cost-conscious industry, the professional is being asked to explore more cost-effective options in order to keep costs to a minimum. Therefore, one needs good estimating skills.
Upgrading existing, often occupied, buildings can pose difficult estimating problems. Complete plans and specifications are rarely available. And yet you are expected to produce a realistic estimate. Learn the correct methodology for generating accurate, reliable project costs using both unit price and assemblies methods. On Day three, take a hands-on approach using our state-of-the-art estimating software, RSMeans Data Online, for more efficient project estimating.
- Learn how to use the plans and specifications to create the estimate. Learn what information can be expected from each document and how it is applied.
- The Takeoff process - Learn how to derive all of the tasks in the correct quantities, which is essential for a professional estimate.
- Develop pricing using various pricing sources, and understand how subcontractor pricing fits in.
- Creating, reviewing, recapping, and summarizing estimates.
- Evaluating subcontractors’ proposals and prices.
- Adding insurances on the work, the employees, and bonding.
- Understand how labor costs are calculated, along with regular and premium wages.
- The estimate is the in-house portion of the work for drafting a proposal or submitting a bid.
- Learn how to identify potential problems and provide estimating solutions to building alterations.
- Receive step-by-step procedures for factoring in minimum labor costs, accurate productivity estimates and allowances for typical project contingencies.
- Understand estimating considerations such as project size, labor hours, building code compliance and purchasing materials in smaller quantities.
- Learn where direct and indirect costs come from and how they can be applied in specific situations.
What Will Be Covered
- This class starts with the details of interpreting bid documents and ends with the summary of the estimate and the submission of the bid
- The estimating process and the importance of each process step
- The value of the Reference Section
- Renovation estimating challenges and how to avoid common errors that defeat an estimate
- How to close the gap between the budget estimate and the contractor’s bid
- How context and process scopes affect the estimates
- Evaluation of the structure, defining the start and finish of the scope
- Overhead costs for a construction company and development of contractors’ billing rates
- Unit price renovation estimates – job orientation, sources of cost information and pricing the estimate
- Using and modifying assemblies for renovation estimating
Materials Included (Received on-site on the first day of training)
- Latest edition of Facilities Construction Costs with RSMeans data Cost Book
- Facilities Estimating Workbook
- Estimating Building Costs
- Construction Cost Estimating Concepts and Practices Workbook
Who Should Attend
Facility managers, plant engineers, architects, contractors, estimators, builders and others concerned with proper preparation and/or evaluation of renovation estimates.
Continuing Education Credit Eligibility
Approved for Continuing Education Units by the Association for the Advancement of Cost Engineering (AACE) International Certification Board Continuing Education Units:
AACE: 21 hours, 2.1 CEU’s
Lodging & Travel
Registration for this seminar does not include travel or accommodations. Continental breakfast and refreshments will be provided each day.
Lunch, dinner, lodging, airfare and transportation to and from the venue are the responsibility of the student. Attendees will be provided a code to redeem a discounted room rate at the Attendees will receive a discounted room rate of $200/night if they make a reservation with the host hotel (Courtyard Seattle Kirkland) by July 10th, 2023. Mention Gordian at time of reservation.