Construction Cost Estimating and Cost Control
Instructor: Ibrahim Odeh, Ph.D., MBA
Beginner Level • 2 hours to complete • Flexible Schedule
What You'll Learn
- 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
Skills You'll Gain
Request for Proposal
Change Orders
Building Information Modeling
Construction Estimating
Request For Quotation (RFQ)
Procurement
Earned Value Management
Project Closure
Project Estimation
Cost Control
Cash Flow Forecasting
Lean Methodologies
Cost Estimation
Punch Work
Bidding
Shareable Certificate
Earn a shareable certificate to add to your LinkedIn profile
Outcomes
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
There are 16 modules in this course
Professor Odeh describes the course and provides an overview of what will be covered. Also covered is an introduction to Construction Cost Estimating and Cost Controls.
Ian Taylor, project manager for Turner and Townsend, introduces the stages of design in a construction project.
Professor Odeh describes the types of cost estimates in a construction project. Also covered in this module are the tools and methods used to create estimates.
James Sneath, Associate Director of Cost Management for Turner and Townsend, and Ian Taylor, Project Manager for Turner and Townsend, discuss Quantity Take Off and Measurement. Estimating cut and fill costs is taught along with a detailed example of using cut and fill software. Also covered in this module is the topic of deep foundations, concrete foundations and structural steel, measurement, masonry, glass curtain wall, facade and wall finishes.
James Sneath, Associate Director of Cost Management for Turner and Townsend, discusses pricing, labor costs and equipment costs. Topics include, cost materials, formwork, reinforcing steel and concrete. Money component and productivity component is discussed in labor costs, as well as estimating equipment costs.
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., illustrates how to build an estimate. Sneath does a deep dive into a schematic design project.
James Sneath, Associate Director of Cost Management for Turner and Townsend, discussed the procurement stage of a construction projects and they typical involvement of a cost manager or cost estimator.
James Sneath, Associate Director of Cost Management for Turner and Townsend Construction, discusses post contract and cost estimation with a construction project. Also covered in this module are cost reporting, change orders and communication and meetings.
Professor Odeh introduces construction cost control and the work segments contained in a project.
In this module, Professor Odeh goes deeper into the Earned Value Method of Cost Control.
Ian Taylor, Project Manager at Turner and Townsend, Inc., introduces cost management close out and punch-list review.
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., talks about cost estimation in general practice. The unit starts with tips in cost estimating and cost management and ends with a discussion of the international roles of cost managers.
Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.
Kevin Labrecque, Senior Vice President at Harper Limbach LLC discusses technology trends in cost estimating and cost control. Topics include 5D Estimating Systems (BIM), estimating software, technology workflows, and implementation.
Christopher Toomey, Senior Vice President at AECOM Global Programs, discusses cost control for large programs.
Sam Spata, Owner of Method Lean, presents this module on Lean In Cost Control.