Construction Cost Estimating and Cost Control

Course Details

This course introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow. Learners will work on a break-even analysis of construction tasks in a project. The course begins with Professor Odeh providing an overview of what will be covered. Next, learners explore the stages of design in a construction project. Professor Odeh then describes the types of cost estimates in a construction project, and the tools and methods used to create estimates.

By the end of this course, you will be able to:

• Acquire the fundamentals of cost estimation and the design phase to perform cost estimation

• Learn about cost control and cost control methods, emphasizing the Earned Value Method or EVM 

• Understand the close out period of the project by exploring the punch lists, final approval, and turnover to the client

Learning Objectives

• 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

• Construction Cost Estimating & Cost Control Over View.

• Understand Design in the Construction Industry.

• Introduction to the Types of Cost Estimating.

• Quantity take-off & Measurement

• Pricing

• Building Estimate

Skills covered

• Cash Flow

• Cost

• Cost Control

• Cost Estimate