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Apprentice Mode
10 Modules / ~100 pages
Wizard Mode
~25 Modules / ~400 pages

Cost Estimation Techniques for Construction Projects
( 25 Modules )

Module #1
Introduction to Cost Estimation
Overview of cost estimation, importance, and challenges in construction projects
Module #2
Types of Cost Estimates
Detailed estimate, rough order of magnitude (ROM), budget estimate, and final estimate
Module #3
Cost Estimation Methods
Top-down, bottom-up, and hybrid approaches to cost estimation
Module #4
Data Collection and Sources
Gathering data for cost estimation, including historical data, industry benchmarks, and vendor quotes
Module #5
Work Breakdown Structure (WBS)
Creating a WBS for construction projects, including hierarchical structure and coding systems
Module #6
Cost Estimation Software
Overview of popular cost estimation software tools, including Excel, Sage, and Autodesk Quantity Takeoff
Module #7
Unit Price Estimation
Estimating costs using unit prices, including labor, materials, and equipment costs
Module #8
Quantity Takeoff (QTO)
Conducting a QTO, including measurement and calculation of quantities
Module #9
Labor Cost Estimation
Estimating labor costs, including labor rates, productivity, and crew composition
Module #10
Material Cost Estimation
Estimating material costs, including supplier quotes, escalation, and waste factors
Module #11
Equipment Cost Estimation
Estimating equipment costs, including rental rates, fuel, and maintenance
Module #12
Indirect Cost Estimation
Estimating indirect costs, including overhead, profit, and risk contingencies
Module #13
Risk Analysis and Contingency Planning
Identifying and managing risks, including probability, impact, and mitigation strategies
Module #14
Scheduling and Cost Loading
Linking cost estimates to project schedules, including cost-loaded schedules and cash flow analysis
Module #15
Cost Estimation for Specific Trades
Cost estimation techniques for electrical, mechanical, plumbing, and other specialized trades
Module #16
Cost Estimation for Civil Works
Cost estimation techniques for roads, bridges, and other civil infrastructure projects
Module #17
Cost Estimation for Building Projects
Cost estimation techniques for commercial and residential building projects
Module #18
Cost Estimation for International Projects
Challenges and best practices for cost estimation in international construction projects
Module #19
Value Engineering and Cost Reduction
Techniques for reducing costs without compromising project quality or functionality
Module #20
Cost Estimation for Sustainability and Energy Efficiency
Estimating costs for sustainable buildings and energy-efficient systems
Module #21
Cost Estimation for Construction Claims and Disputes
Cost estimation for construction claims, including delay, disruption, and acceleration claims
Module #22
Cost Estimation for Project Close-out
Finalizing cost estimates, including close-out procedures and final cost reports
Module #23
Cost Estimation Best Practices
Industry best practices for cost estimation, including standards, guidelines, and checklists
Module #24
Cost Estimation Case Studies
Real-world examples and case studies of cost estimation for construction projects
Module #25
Course Wrap-Up & Conclusion
Planning next steps in Cost Estimation Techniques for Construction Projects career


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