Construction Cost Estimating: Resources and Processes

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Construction Cost Estimating: Resources and Processes

1 hr. Online Course
Level: Intermediate
Average Rating: (1779)

Item #: RV-11537
SME: Michael Keating

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SME

Course Applies To

Overview

Course Description

Being able to accurately estimate (within acceptable ranges) the cost of construction of any project, at any given stage in the process (whether just at concept, during design development, or fully developed and ready-to-advertise design) is an invaluable skill for anyone in the construction industry. How can an estimator become better and more accurate? In order to prepare an estimate, there are several items to consider, including the estimating team, how the quantity takeoff is going to be done, what data resources are available for pricing, how the estimate's going to be prepared and organized and how it's going to be adjusted based on multiple bid factors and the construction economy. In this course, you'll learn how to utilize some of the most important resources and tools available to you, as an estimator.

Learning Objectives

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

Sequence the steps in completing an estimate
Locate sources of error in an estimate
Describe what the CSI Master Format Work Breakdown Structure is, what it includes, and how it is used
Explain different methods of determining overhead
Define Value Engineering (VE)

Course Applies To:

This course can be used for CE or applies to the State Licenses and Professional Organizations listed below.

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Subject Matter Expert: Michael Keating

Biography

Mike Keating has been in the construction industry for over 29 years in various capacities including Estimator/Cost Engineer, Project Manager, Construction Manager, Director of Construction, and A/E Construction Administrator to name a few.He has been involved in both commercial and residential construction projects both in the public and private sector with several individual projects exceeding $100 million in construction value.He currently works for the U.S. Army Corps of Engineers as a Cost Engineer and Value Engineering Officer on large Military, Civil Works, and Inter-Agency developments.In addition, he teaches a class in Construction Engineering as an Adjunct Instructor at the University of South Alabama, Dept. of Civil, Coastal, and Environmental Engineering.

Mr. Keating grew up in Omaha, Nebraska and holds a Bachelor of Science in Construction Management Degree from the University of Nebraska.In addition, he received his MBA from the University of West Florida in 2004.He is a Licensed Professional Engineer (PE) in the State of Virginia, a Certified General Contractor (CGC) in the State of Florida and holds several other industry certifications including Certified Cost Engineer (CCE), Value Management Associate (VMA), Certified Professional Estimator (CPE), and Certified Construction Contract Administrator (CCCA).

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NOTE: State license renewal information is provided as a convenience only and is subject to change at any time. It is the ultimate responsibility of the individual to be sure that he or she is meeting continuing education requirements for each license and corresponding renewal period. Information above was pulled on Tuesday, April 23, 2024.