Cost Estimation of Construction Projects

In Cost Estimation of Construction Projects, you'll learn ...

• The estimating work process
• The three levels of a conceptual cost estimate
• How to estimate excavation, earthwork and foundations
• How to estimate the cost of labor and equipment
• How to estimate material transportation and handling costs

Overview

Preview a portion of this course before purchasing it.

Credit: 5 CPD

Length: 82 pages

This course provides a study of the methods and procedures needed for estimating the cost of construction projects. Examples are provided in quantities take-off from construction drawings and selecting the appropriate information needed for estimating the project construction costs. The amount of labor and equipment required with their costs are discussed. Bond, tax, contingency, and insurance requirements are explained.

The course offers hands-on knowledge for estimating project costs specifically in the key areas of transport of materials, earthwork excavation, foundations, concrete structures, and different types of masonry construction.

The total cost of a project, in addition to construction cost, includes contingencies, interest during construction, expenses for bond, legal, engineering, and land/ easements.

Several numerical examples with solutions are provided.

The course is relevant to municipal engineers, public utility directors, consulting engineers, and engineers working in regulatory agencies.

Learning Objectives

Upon completion of this course, participants will be able to:

• Outline the estimating process in general.
• Explain different types of estimates and the purpose of each.
• Apply appropriate tools and equipment.
• Describe quantity takeoffs from a set of construction drawings.
• Identify the amount of taxes and insurance.
• Analyze payments for bond and legal and engineering expenses.
• Evaluate the need for different kinds of bonds for a construction project.
• Differentiate land acquisition and easements and their associated costs.
• Calculate cost estimates for real-life projects.
• Design numerical examples with solutions for clear understanding.

Certificate of Completion

You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 25 questions. CPD credits are not awarded until the course is completed and quiz is passed.