Estimating 101 – Introduction to Construction Estimating

Description

This course will provide participants with an overview of the construction estimating process.

This course will cover:

• Introductions
• Role of the Estimator
• Types of Estimates
• Definition of an Estimate
• Components of Cost
• Risk Analysis
• Pricing
• Summarizing the Estimate
• Laws and Rules of Tendering
• Construction Project Phases
• Types of Construction Contracts
• MasterFormat®
• Cost vs Price
• Components of Price
• Quantity Surveying
• Allowances and Contingencies
• Procurement Methods
• Basics of Bonding

Learning Outcomes:

Upon successful completion of this course, participant will be able to:

1. Identify the various phases of a construction project from inception to commissioning and beyond.
2. Describe the role of the estimator in the modern construction industry.
3. Identify 6 common types of construction contract arrangements.
4. Identify 4 common types of construction estimates.
5. Detail the components of a construction estimate.
6. Recall the process of creating and applying various unit rates within a construction estimate as well as the completion and summarization of a construction estimate
7. Identify various methods used for procurement of construction services.

This course is worth four credits towards Gold Seal Certification upon successful completion. 

Registrants seeking the Gold Seal credits must:

1. Sign into each session of the course with your own screen/account. (No screen sharing - as the instructor must be able to track individual attendance and participation).

2. Be prepared to leave their cameras on so that instructor can confirm participation

3. Be prepared to complete the quiz/test at the end of the course individually.

Intended Audience

If you are new to the industry or to estimating, if you currently work in the field and are considering a move into the office, if you are a college or university graduate still considering your career options or if you are an employer wishing to educate your existing staff

Speaker

Ralph Lembcke P. GSC., (full bio)

Navigating the world of construction is a complicated process. The industry has its own language, culture and conventions. Who better to help you chart a course than someone with over 40 years experience both as a contractor and as a college level construction professor? Ralph combines practical knowledge with proven communication skills to provide you with no-nonsense, clear, concise and, occasionally humorous, learning experiences for a well-rounded understanding of our complicated industry.