3/19/24 - Introduction to Cost Estimating
This introductory class was designed by Gordian’s engineering experts to improve the skills of novice estimators and those who work with them. This seminar offers techniques that can be applied across all disciplines. From project inception to execution, all parties involved can benefit from knowing how to estimate like a professional.
A Sample of What You’ll Learn
- Bid documents: 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
- Pricing: Develop pricing using various pricing sources, and understand how subcontractor pricing fits in.
- Recapping or summarizing the estimate: Tally up all of the pricing to arrive at the final number.
- Rules for estimating: Review formulas for area and cubic measure, adding waste and adjusting productivity to specific
- Subcontractors: Evaluate subcontractors’ proposals and prices.
- Insurance and bonds: Add insurances on the work, the employees, and bonding.
- Labor costs: Understand how labor costs are calculated, along with regular and premium wages.
- Bids and proposals: The estimate is the in-house portion of the work for drafting a proposal or submitting a bid.
Materials Included (delivered to attendee prior to class start date)
- Estimating Building Costs
- Introduction to Cost Estimating Training Workbook
Who Should Attend
This class is particularly suited for project managers, architects, engineers, owners’ representatives, contractors, novice estimators, or anyone who has recently entered the construction industry. It is an excellent primer for any of Gordian’s advanced estimating courses, such as: Advanced Cost Estimating, Facilities Estimating, Maintenance & Repair Estimating, or Mechanical & Electrical Estimating.
Note: This course does not include any RSMeans cost data.