11/7/2023 - Construction Cost Estimating Concepts & Practice

Today’s construction professional, whether a project manager or designer, has more responsibilities than ever before. As a result, new skills are required to meet those challenges. In this increasingly cost-conscious industry, professionals are being asked to explore more cost-effective options in order to keep costs to a minimum. Therefore, one needs reliable estimating skills. Experienced professionals can update and enhance their estimating skills by building on what they know. Novices can learn the basics to create a solid foundation that allows them to apply the rudimentary skills immediately.

Seminar Details

Date:

11/7/23 to 11/8/23

Venue:

Virtual | Class Time: 12 PM to 4 PM EST

$890.00

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Product Description

Objectives

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 and 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
Create, review, recap and summarize estimates
Evaluate subcontractors’ proposals and prices
Add insurances on the work, the employees and bonding
Understand how labor costs are calculated, along with regular and premium wages
Gain a better understanding of the in-house portion of the work (the estimate) for drafting a proposal or submitting a bid

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. It is presented in terms that can be applied by all disciplines, whether you are an owner, design professional, general contractor or subcontractor. The practical skills are identical and have similar applications regardless of discipline or whether an attendee’s practice is commercial or residential construction. Everyone benefits from the unique perspective that is derived from understanding the process as practiced by the professional. All parties to the construction process can benefit from knowing how to estimate as a professional.

Materials Included (delivered to attendee prior to class start date)

Estimating Building Costs
Construction Cost Estimating Concepts and Practices Workbook

Who Should Attend

Project managers, architects, engineers, owners’ representatives, contractors and anyone responsible for budgeting or estimating construction projects

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: 7 hours, .7 CEU’s

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