7/25/2023 - Construction Cost Estimating + Facilities Construction 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.

Seminar Details
Las Vegas, NV
7/25/23 to 7/27/23
Embassy Suites Las Vegas | Class Time: 8:30 AM to 4:30 PM PST


  • 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.

Dinner, lodging, airfare and transportation to and from the venue are the responsibility of the student. A complimentary full buffet and cooked-to-order breakfast will be available for hotel guests before class starts. Refreshments will be provided throughout the day. The hotel is offering attendees a discounted room rate of $159/night if they book prior to July 3rd, 2023 and mention "Gordian RSMeans Training" event name during booking.