3.5 Case Study - Complete Cost Estimate Development
Come along with us as we guide you through the process of setting up, developing, reviewing, and validating a detailed cost estimate for a construction project.
Gold Seal Certification Credits
on the development of a quality cost estimate.
Estimated time to complete this course: 84 hours.
1.1 Course Overview
1.2 Expected Learning Outcomes
1.3 Prerequisites and Required Knowledge
1.4 Certification Opportunities
1.5 Instructor's Guidance and Support
1.6 Evaluation Matrix and Grading Criteria
1.7 Tools and Resources Needed for the Course
2.1 Project Documentation Review
2.2 Understanding Tender Requirements
2.3 Evaluating Site and Market Conditions
2.4 Developing a Procurement Plan
2.5 Establishing the Work Breakdown Structure (WBS)
3.1 Site Conditions Assessment
3.2 Traffic Management and Environmental Considerations
3.3 Detailed Take-offs for Earthworks, Utilities, and Drainage
3.4 Take-offs for Structural Elements (Concrete, Steel)
3.5 Mechanical and Electrical Quantities
4.1 Identifying Direct Costs
4.2 Crew Selection and Production Rates
4.3 Estimating Indirect Costs
4.4 Incorporating Construction Methodology
4.5 Developing a Preliminary Budget and Schedule
5.1 Reviewing and Validating Take-Offs
5.2 Managing Subcontractor and Supplier Pricing
5.3 Adjusting for Market Conditions and Risks
5.4 Finalizing the Estimate with Updates
5.5 Conducting a Cost Estimate Validation Workshop
6.1 Planning the Estimate: Students Develop a Procurement Plan and WBS
6.2 Completing Quantity Take-Offs for a Sample Project
6.3 Developing a Full Direct and Indirect Cost Breakdown
6.4 Creating a Preliminary Construction Schedule
6.5 Conducting a Final Estimate Review and Validation
The benefit of timely feedback
Doina Dobre, P.Eng., GSC
Buy courses in a bundle and save 15% to 25% off the individual courses price.
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