Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Construction Estimating

Understand the concept of construction cost estimating and how to avoid common estimating mistakes.

Cost estimating is one part of the total construction project management team effort. It impacts many other departments such as procurement, scheduling, accounting and finance, and others. Although cost estimators may need to know all the "in's and out's" in the process of cost estimating, everyone involved in the management of the construction project needs to be familiar with the cost estimate and the estimating process. Cost estimating is an important subject to those in the legal department because disputes arise typically in almost every construction project, with the cost as the core issue in the dispute. This information is recommended for architects and engineers who are involved in the design of construction projects as well as owners of such projects.

Runtime: 97 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Importance of "Mathematical Intuition" for Cost Estimators

Introduction to Cost Estimating

  • Definitions: Quantity Estimating/Surveying, Cost Estimating, Cost Engineering, Cost Control, Cost Management
  • Types of Estimates and Their Uses
  • Types of Construction Contracts and the Impact on the Cost Estimate
  • Total Project Cost to an Owner
  • To Bid or Not to Bid; Factors Impacting the Decision to Bid
  • Direct Versus Indirect Cost
  • Work Breakdown Structure (WBS) and the CSI MasterFormat
  • Schedule of Values
  • Construction Cost Estimating as It Relates to Project Scheduling and Project Control

Estimating Indirect Cost

  • Bonds and Insurance
  • Estimating General and Job/Project Overhead
  • Estimating Profit and Contingency
  • Estimating Inflation/Escalation
  • Allocating Indirect Costs

Construction Cost Estimating

  • Estimating Labor and Equipment
  • Materials Estimating
  • Tips on Quantity Take Offs
  • Cost Estimating Database/Sources of Pricing

Cost Control

  • The Baseline Budget
  • Progress Payments
  • Change Orders

Approximate Estimates

A Quick Look at Rsmeans Online Estimating

  • https://www.rsmeansonline.com/
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 19, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Saleh Mubarak

Saleh Mubarak

Saleh A. Mubarak, Ph. D.

Dr. Saleh Mubarak

  • Independent consultant, professor, author, trainer, and public speaker
  • Over 28 years of diversified experience in academic and industrial, U.S. and international, public and private sectors
  • Expert in construction project planning and scheduling, cost estimating, and project controls, also an expert in construction project management
  • Author of two books, Construction Project Scheduling and Control and How to Estimate with RSMeans Data: Basic Skills for Building Construction; and many publications and articles in the general area of construction project management as well as life management
  • Speaker in tens of professional conferences and events on technical and nontechnical topics
  • Member of the Project Management Institute (PMI) and former member of the AACE International
  • Ph.D. degree in civil engineering, specialized in construction project management; M.Sc. degree in civil engineering, specialized in structures and mechanics; and B.S. degree in civil engineering
  • Can be contacted at 813-455-9339, [email protected], LinkedIn┬« https://www.linkedin.com/profile/view?id=7647185&trk=nav_responsive_tab_profile, and books page, http://www.wiley.com/WileyCDA/Section/id-302475.html?query=Saleh+A.+Mubarak
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 404993
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!