Course Highlights
  • The fundamentals of cost estimation and the design phase to perform cost estimation
  • How to conduct the close out period of the project by exploring the punch lists, final approval, and turnover to the client
  • The cost control methods emphasizing the Earned Value Method
Skills you will learn!
Curriculum

5 Topics
Introduction to Cost Estimating and Cost Control
Academic Honesty Policy
Discussion Forum Etiquette
Introduction to Cost Estimating and Cost Control
Pre-course Survey

4 Topics
Design In The Construction Industry
Lecture Handout
Understanding Design
Understanding Design

7 Topics
Overview of the Types of Cost Estimates
Cost Indices
Cost-Capacity Factor
Lecture Handout
Cost Estimates Quiz
Cost Estimates Work Problem
Cost Indices

20 Topics
Measurement Masonry Glass Curtain Wall
Facade / Wall Finishes / Measurement Overview
Cut and Fill Process and Equipment
Cut and Fill Takeoff
Cut and Fill Software
Introduction to Deep Foundations
Concrete Foundation and Concrete Properties
Concrete Formwork
Concrete Takeoff: Parking Lot Example
Concrete Takeoff: Skyscraper Example
Quantifying rebar Walkthrough
History of Structural Steel
Steel Sections in Design
Structural Steel Takeoff Example
Lecture Handout
Lecture Handout
Lecture Handout
Lecture Handout
Quantity Take-Off and Measurement
Quantity Take-off and Measurement

7 Topics
Cost of Materials and Formwork
Concrete Material: Reinforcing Steel and Concrete
Money Component
Productivity Component and Examples
Estimating Equipment Costs
Lecture Handout
Pricing

9 Topics
Estimate Classification Methods and Formats
Design Estimate Project
Schematic Design Estimate Demo
Schematic Design: A Deeper Dive
Building and Finalizing the Estimate
Checks and Due Diligence
Lecture Handout
Lecture Material - Schematic Design
Building the Estimate

4 Topics
General Procurement: Pre-Bid Estimate and Bid Documentation
Bid Stage Bid Returns and Levelling
Lecture Handout
Procurement

5 Topics
Cost Reporting Overview
Cost Reporting Examples
Change Orders and Communication
Lecture Slides
Post-Contract Quiz

4 Topics
What is Cost Control
Defining Methods of Cost Control
Lecture Handout
Cost Control

8 Topics
Defining EVM
EVM Parameters
Performance Examples
EVM Favorable Performance
Calculating EVM
Lecture Handout
Earned Value Method
Work Problem EVM

4 Topics
Close Out Punch List Review
Close Out Activities
Lecture Handout
Close Out Period

5 Topics
Cost Estimating in General Practice
Tips in Cost Estimating and Cost Management
Roles and Responsibilities of Cost Managers
Lecture Handout
Cost Estimation

15 Topics
Cash Flow Method
Accrual Method
Contractor Cash Flow
Charting Cash Flow
Calculating Billing
Payment Cycle
Payment Cycle Drivers
Payment Cycle Delays
Schedule of Value
Accelerating Revenue
Front Loading
Delaying Expenses
Lecture Handout
Lecture Handout
Project Cash Flow

7 Topics
5D Estimating Systems (BIM)
Estimating Software in Action
Workflows
Implementation Perspective
Next Steps
Lecture Handout
Technology Trends in Cost Estimating and Cost Control

5 Topics
Program Cost Control
Defining the Cost of a Capital Program
Useful Tools for Cost Control
Lecture Handout
Cost Control for Large Programs

9 Topics
Money and Estimate in Capital Project Delivery
Benchmarking and Normalization Process
Lean Design: Value
Lean in Cost Control
Lean Set Based Design
Lecture Handout
Lean in Cost Control
Lean in Cost Control
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Construction Cost Estimating and Cost Control

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