Estimating, Preconstruction and Bidding

In the construction process, the estimator not only predicts project cost, but also recognizes potential risks that might result in delays or financial losses. Designed for construction professionals, this course presents methodologies and processes necessary for developing accurate estimates. Through real-world examples and case studies, you’ll examine the foundations of cost estimation, practice with common tools and the latest technologies in the profession and explore shifts in the industry related to Lean Construction practices. By the end of this course, you will possess an understanding of the essential principles of estimating in order to produce more reliable estimates for your projects.

Learning Outcomes

  • Perform basic estimating functions
  • Identify potential risks and predict how to minimize risk
  • Analyze regional and aggregate market conditions
  • Apply methods and technologies associated with quantity take off, including on screen take off, BIM and 3D
  • Differentiate the bidding process between public versus private projects, and adapt your estimating accordingly
  • Develop a reliable estimate using Target Value Design concepts

Skills You Will Gain

  • Estimation software
  • Risk assessment
  • Target Value Design
  • Applied math
  • Analytics
Course Code
502769