Fundamentals of Cost Estimating – Build Essential Skills

1.2 Introduction to Construction Cost Estimating

Unlock career opportunities and master cost estimating. This essential skill drives project success, from planning to feasibility. Learn practical techniques, simplify complex concepts, and excel in this high-demand field with confidence.

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Why Cost Estimating Matters to You?

Unlocking career opportunities and mastering a foundational skill in construction.

In the world of construction, cost estimating is not just a task—it's a critical pillar that impacts project success from inception to completion. The ability to forecast costs accurately influences everything from resource allocation to project feasibility. Whether you're just starting your career or looking to advance, understanding cost estimating fundamentals can position you as an indispensable asset to your team. This course is designed to simplify complex concepts and provide you practical techniques you can immediately apply. From understanding cost structures to developing detailed estimates and communicating results effectively, this course prepares you to excel in a high-demand skillset that employers value. Gain the confidence to navigate cost-estimating challenges and elevate your career to the next level.

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What You Will Learn

1. 2.0 Introduction
2. 2.1 Cost Estimate Definition, Types and Methods
3. 2.1 Cost Estimate Definition And Types - Quiz
4. 2.2 Cost Estimate Structure
5. 2.2 Cost Estimate Structure - Quiz
6. 2.3 Cost Estimate Development
7. 2.3 Cost Estimate Development - Quiz
8. 2.4 Assingment
1. 3.0 Introduction
2. 3.1 Cost Groups
3. 3.1 Cost Groups - Quiz
4. 3.2 Cost Types
5. 3.2 Cost Types - Quiz
6. 3.3 Assignment
1. 4.0 Introduction
2. 4.1 What is a Bill of Quantity?
3. 4.1 What Is A Bill Of Quantity - Quiz
4. 4.2 Take-off Techniques
5. 4.2 Take-off Techniques - Quiz
6. 4.3 Take-off Tools
7. 4.4 Assignment
1. 5.0 Introduction
2. 5.1 Pricing Methods
3. 5.1 Pricing Methods - Quiz
4. 5.2 Crews
5. 5.2 Crews - Quiz
6. 5.3 Materials and Subcontractors
7. 5.3 Materials and Subcontractors - Quiz
8. 5.4 Indirect and Overhead Costs, Risk and Mark-up
9. 5.4 Indirect Costs, Mark-ups And Risk - Quiz
10. 5.5 Cost Development Examples
11. 5.6 Assignment
1. 6.0 Introduction
2. 6.1 Schedule and Duration
3. 6.1 Schedule and Duration - Quiz
4. 6.2 Production Rates
5. 6.2 Production Rates - Quiz
6. 6.3 Benchmarking
7. 6.3 Benchmarking - Quiz
8. 6.4 Risk Analysis
9. 6.4 Risk Analysis - Quiz
10. 6.5 Review and Approval
11. 6.5 Review and Approval - Quiz
12. 6.6 Assignment
1. 7.1 Course Summary and Key Takeaways
2. 7.2 Reflection and Self-Assessment
3. 7.3 Feedback and Testimonials
4. 7.4 Completion Certificate

About this course

$750.00
54 lessons
Total learning commitment to complete this course: 34 hours
Course format: text, presentations, audio, downloadable PDF's.

Collaboration is essential

The benefit of timely feedback.

All lessons have a dedicated discussion section so you can ask questions, see previously answered questions, interact with other course participants and your instructor. You do not have to go through this learning journey alone or have to ponder on unanswered questions.

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Message From the Course Creator

Doina Dobre, P.Eng., GSC

Cost estimating is more than just numbers—it’s a vital skill that drives project outcomes in the construction industry. Whether you're working on small-scale builds or complex mega-projects, an accurate estimate is essential to keeping projects on track, within budget, and profitable. Drawing from decades of experience, this course goes beyond theory, focusing on real-world applications and problem-solving. Together, we'll explore proven methodologies, tools, and strategies to enhance your ability to estimate costs with precision. My goal is to empower you to approach estimating with clarity and confidence, setting you apart as a trusted professional in the field.

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1. Detailed Cost Estimating - Entry Level

Detailed Cost Estimating - Entry Level Courses
Bundle • 6 learning products
Gain a strong foundation in cost estimating with this entry-level course bundle, covering key topics like industry fundamentals, general contracting, bidding, scheduling, and blueprint reading.

$1,084

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