Construction Estimation - Taylor Pro College

About Course

This course provides a thorough understanding of construction estimation, focusing on the methods and techniques used to accurately estimate the costs of construction projects.

Students will learn how to prepare detailed cost estimates, analyze project specifications, and apply various estimation techniques to determine project budgets.

The course covers topics such as quantity takeoff, cost analysis, and the use of estimation software. Emphasis is placed on developing skills for creating precise estimates, understanding cost factors, and preparing competitive bids for construction projects.

After completion of the course, students are expected to be able to:
Identify the key components and processes involved in construction estimation.
Describe various methods of quantity takeoff and cost estimation techniques.
Compare project specifications and blueprints to develop accurate cost estimates.
Predict different cost factors and their impact on project budgets and bids.
Utilize estimation software tools to prepare and manage construction cost estimates.
Develop detailed and competitive bids based on thorough cost analysis and project requirements.

Course Content

Topic 1: Introduction to Construction Estimating

Introduction to Construction Estimating
LO1: Define the Purpose and Scope of Construction Estimating.
LO2: Describe the Key Components of a Construction Estimate
LO3: Explain the Role of Estimating in Project Planning and Budgeting

Topic 2: The Estimating Process

Topic 3: Quantity Takeoff Procedures

Topic 4: Materials and Labor Costs

Topic 5: Overhead and Profit Margins

Quiz I

Topic 6: Estimating Tools and Software

Topic 7: Site Preparation and Foundations

Topic 8: Framing and Structural Components

Topic 9: Roofing and Exterior Finishes

Topic 10: Interior Finishes and Fixtures

Quiz II

Topic 11: Mechanical, Electrical, and Plumbing Systems

Topic 12: Cost Control and Management

Topic 13: Preparing and Submitting Bids

Topic 14: Reviewing and Adjusting Estimates

Topic 15: Quantity Takeoffs

Topic 16: Cost Calculation

Topic 17: Estimating Software

Topic 18: Labour & Material Analysis

Topic 19: Bid Pricing

Topic 20: Final Exam Review

Final Exam Quiz

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About Course

What Will You Learn?

Course Content

Topic 1: Introduction to Construction Estimating

Introduction to Construction Estimating

LO1: Define the Purpose and Scope of Construction Estimating.

LO2: Describe the Key Components of a Construction Estimate

LO3: Explain the Role of Estimating in Project Planning and Budgeting

Topic 2: The Estimating Process

The Estimating Process

LO1: Explain the Sequential Stages of the Construction Estimating Process

LO2: Analyze Project Specifications and Drawings for Estimating Requirements

LO3: Evaluate the Information needed to prepare a Complete Cost Estimate

Topic 3: Quantity Takeoff Procedures

Quantity Takeoff Procedures

LO1: Describe Standard Procedures for Measuring Construction Quantities

LO2: Apply Appropriate Measurement Methods to Construction Components

LO3: Analyze Takeoff Records for Accuracy and Completeness

Topic 4: Materials and Labor Costs

Materials and Labor Costs

LO1: Explain the Factors that determine Material and Labor Costs

LO2: Calculate Material and Labor Costs using Quantities and Unit Rates

LO3: Predict the Effect of Price and Productivity Changes on Estimated Costs

Topic 5: Overhead and Profit Margins

Overhead and Profit Margins

LO1: Define Overhead and Profit within Construction Pricing

LO2: Calculate Appropriate Overhead and Profit Allowances for an Estimate

LO3: Evaluate how Margin Decisions influence Project Profitability

Quiz I

Quiz I

Topic 6: Estimating Tools and Software

Estimating Tools and Software

LO1: Describe the Functions of Common Construction Estimating Tools

LO2: Compare Manual and Digital Estimating Methods for Efficiency and Accuracy

LO3: Select Appropriate Estimating Tools for Different Project Requirements

Topic 7: Site Preparation and Foundations

Site Preparation and Foundations

LO1: Identify Cost Elements associated with Site Preparation and Foundation Work.

LO2: Calculate Quantities for Excavation, Concrete, and Foundation Components.

LO3: Analyze how Site Conditions affect Foundation Estimation.

Topic 8: Framing and Structural Components

Framing and Structural Components

LO1: Describe Major Framing and Structural Elements included in Estimates.

LO2: Derive Structural Quantities from Drawings and Specifications.

LO3: Evaluate the Cost Implications of Structural Design Requirements.

Topic 9: Roofing and Exterior Finishes

Roofing and Exterior Finishes

LO1: Identify Estimating Requirements for Roofing and Exterior Finishes

LO2: Calculate Quantities for Roofing and Exterior Materials

LO3: Compare Exterior Systems based on Material and Installation Costs

Topic 10: Interior Finishes and Fixtures

Interior Finishes and Fixtures

LO1: Describe Interior Finishes and Fixtures relevant to Cost Estimation

LO2: Apply Specification Information to determine Interior Work Quantities

LO3: Analyze how Finish Selection affects Interior Construction Costs

Quiz II

Quiz II

Topic 11: Mechanical, Electrical, and Plumbing Systems

Mechanical, Electrical, and Plumbing Systems

LO1: Explain the Cost Components of Mechanical, Electrical, and Plumbing Systems

LO2: Analyze MEP Specifications for Materials, Equipment, and Installation Requirements

LO3: Evaluate the Contribution of MEP Systems to the Overall Project Estimate

Topic 12: Cost Control and Management

Cost Control and Management

LO1: Explain the Principles of Construction Cost Control

LO2: Compare Estimated Costs with Actual or Updated Cost Information

LO3: Evaluate Cost Variances and determine suitable Budget Control Measures

Topic 13: Preparing and Submitting Bids

Preparing and Submitting Bids

LO1: Describe the Essential Components of a Construction Bid Package

LO2: Develop a Bid using Estimate Data and Project Requirements

LO3: Evaluate Bid Documentation for Completeness and Submission Compliance

Topic 14: Reviewing and Adjusting Estimates

Reviewing and Adjusting Estimates

LO1: Analyze Completed Estimates for Omissions and Inconsistencies

LO2: Adjust Estimates using Revised Quantities, Prices, or Project Requirements

LO3: Evaluate Revised Estimates for Accuracy before Finalization

Topic 15: Quantity Takeoffs

Quantity Takeoffs

LO1: Perform Integrated Quantity Takeoffs from Project Drawings