Introduction to Construction Cost Estimating
Product ID : SAMU-0003
Level : Intermediate
Duration : 90 Minutes
Saleh Mubarak, Ph.D.
- Construction project management professional, professor, consultant, author, public speaker, and trainer
- Ph.D. in civil engineering from Clemson University, USA, specialized in Construction Project Management
- Experience: 30+years, diversified:
o Industrial: private and public sectors, in the U.S. and internationally. Positions occupied include project engineer/manager, cost estimator, planner/scheduler, project controls manager, cost manager, training manager.
o Academic: faculty member/professor, head of a department.
- Extensive experience in continuing education and professional training around the world. Topics are mainly planning & scheduling, cost estimating project controls. Topics also include soft skills and their integration with project management
- Author of:
o Construction Project Scheduling and Control (currently 3rd edition, 4th edition is coming soon)
o How to Estimate with Means Data: Basic Skills for Building Construction (currently 4th edition, 5th edition is coming soon)
o Many articles; technical and other
- Many presentations in professional conferences such as PMI, AACE International, public speaker in many local, regional, and international events
- An authority on project planning, scheduling, and project control
- An advocate of holistic healthy living
This is an introductory webinar on construction cost estimating. The knowledge and skills of the cost estimator can make the difference between winning and losing, or between success and failure. This webinar takes a panoramic view of construction cost estimating from inception to final completion; explaining main concepts and giving valuable tips for cost estimators as well as the entire construction project management team. It explains the difference, in concept and methodology, between approximate and detailed estimates. It explains also the difference between direct and indirect expenses and the categories under each type. The webinar then explains bonds and insurance, project breakdown structure and the CSI MasterFormat, cost control, and a glimpse of Earned Value analysis. It includes many valuable tips and hints.
- Importance of “mathematical intuition” for cost estimators
- Introduction to Cost Estimating
b. Types of estimates and their uses
c. Total project cost to an owner
d. To bid or not to bid; factors impacting the decision to bid
e. Direct versus indirect cost
f. Work Breakdown Structure (WBS) and the CSI MasterFormat,
g. Schedule of values
- Estimating indirect cost
a. Bonds and insurance
b. Estimating general and job/project overhead
c. Estimating profit and contingency
d. Estimating inflation/escalation
e. Allocating indirect costs
- Construction Cost Estimating
a. Estimating labor and equipment
b. Materials estimating
c. Tips on quantity take-offs
- Cost Control
a. The baseline budget
b. Progress payments
Course Level - Basic / Intermediate
Who Should Attend
Architects, engineers (of all disciplines), contractors, subcontractors, project managers, cost/quantity estimators, project management team members, attorneys/lawyers, executives
Why Should You Attend
This webinar helps construction professionals who deal with construction cost estimating directly or indirectly. It starts with definitions and concepts and then goes to methods and tools, and how cost estimating becomes part of project controls and project management. Construction cost estimating is an extremely important subject in today’s competitive world. A minor mistake can be the difference between profit and loss. This webinar gives an overall idea of the entire process of construction cost estimating; both approximate and detailed. The webinar includes many valuable tips for both cost management professionals as well as the entire project management team. It is essential for all project participants; the owner, the designer, the contractor, and the construction project management team.
This topic is extremely important for all project participants: the owner, the architect (designer), the contractor, and the construction manager.