Accurate cost estimating is essential to evaluating construction opportunities, managing financial risk, and developing competitive bids. In this course, Professor Paul Carr will guide you through the process of preparing comprehensive construction cost estimates that account for project requirements, market conditions, and contractor financial objectives.

You will learn to calculate direct costs for labor, materials, equipment, subcontractors, and self-performed work using construction drawings, specifications, quantity takeoffs, labor productivity rates, and supplier and subcontractor proposals. You'll then evaluate indirect costs, including field and home office overhead, insurance, bonds, and schedule-related expenses, to develop a more complete picture of project costs.

Through applied estimating exercises, you will incorporate risk, contingency, overhead, and profit considerations to prepare a detailed construction bid. By the end of the course, you'll be better prepared to develop and defend cost estimates that reflect both the unique requirements of a construction project and the financial objectives of the contractor.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Foundations of Construction Project Management
  • Construction Materials and Quality Control
 

How It Works

Course Length
2 weeks

Effort
6 to 7 hours of study per week

Format
100% online, instructor-led
  • Construction managers, project managers, and professionals seeking to advance their construction management skills
  • Site supervisors, superintendents, field engineers, and trade leaders responsible for coordinating construction activities
  • Architects, engineers, and design professionals involved in construction planning and project execution
  • Real estate developers, construction consultants, vendors, and regulatory professionals who need to evaluate project costs, schedules, and construction requirements
  • Professionals transitioning into construction management or seeking to enter the construction industry
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