Description

Anyone working in the construction industry needs to be able to estimate construction costs. The principles of construction cost estimating are taught in this project management course. We go over how to analyse blueprints, figure out labour and material costs, and use industry-standard tools and methods to increase estimate accuracy. Enrol to learn the techniques needed to calculate construction expenses.

• List and explain the classifications of construction according to the Standard Industrial Manual
• Discuss the functions of the general contractors and identify factors affecting the success of a construction company
• Recall the procedures for creating a thorough construction cost estimate
• Explain the roles and responsibilities of an estimator and the functions of a consistent estimate structure
• Discuss the main engineering goal of the ‘feasibility’ phase
• Define ‘value engineering’ as it implies in the construction industry
• Distinguish between ‘material estimation’ and ‘quantity takeoff’
• List the items included in the supporting project paperwork
• Recall the procedures for calculating quantity takeoffs (QTO)
• Discuss the factors affecting labour costs in construction
• Identify the most challenging aspects of construction cost estimation
• Distinguish between the categories of equipment used in construction