How do you differentiate between a direct and indirect expense?
Direct expenses are usually the big three – labor, material and equipment; however you can include other fees and subcontractors as part of the main direct expenses as well. Indirect expenses include project overhead, contingencies, inflation and escalation. This video reviews allocation of expenses and risk; and also discusses labor analysis, and how to organize the estimate.
Agenda
Faculty
Saleh Mubarak
Saleh A. Mubarak, Ph. D.
Dr. Saleh Mubarak
- Professor, industry expert, author, consultant
- 35 years of diversified experience
- Speaker at 100’s of conferences and other events
- Author of 3 books that are references in the construction industry, in addition to many papers and articles, mostly with a focus on construction cost estimating, planning and scheduling, and project controls
- Member of the AACE International and former member of the PMI
- BS, MSc, and Ph.D. in civil engineering
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