About the Course
This course provides a comprehensive introduction to the principles and practices of construction estimating, with a focus on preparing accurate, reliable estimates for various construction projects. Students will learn how to apply systematic estimating methods to different types of projects and phases, including conceptual, preliminary, and detailed estimates. The course covers all aspects of the estimating process, from initial bid preparation to final pricing, and emphasizes practical skills for handling takeoffs, pricing labor and materials, managing subcontractor bids, and understanding project overheads. Special attention is given to the use of modern estimating tools and technologies, as well as methods for managing costs throughout the lifecycle of a construction project.
- Prepare and evaluate different types of construction estimates (conceptual, preliminary, and detailed).
- Accurately perform quantity takeoffs for various construction trades, including excavation, concrete, masonry, carpentry, and finishes.
- Price construction work based on labor, material, equipment, and subcontractor costs, considering factors like labor productivity and material availability.
- Analyze and manage subcontractor bids, ensuring comprehensive scope coverage and minimizing risks.
- Calculate general expenses (overheads) for a construction project and incorporate them into final estimates.
- Understand and apply life-cycle costing (LCC) principles to assess long-term project costs, considering factors like inflation, time value of money, and maintenance costs.
- Utilize technology and digital tools effectively to streamline estimating processes and improve accuracy.
- Prepare detailed and competitive bids, addressing all potential risks and uncertainties