Construction Project Management: Project Estimating

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If you were given the task of estimating the future expense of a unit of production in a manufacturing facility you could do it with considerable precision. A plant offers standard conditions, close controls, and consistent processes. Construction estimating, on the other hand, lacks standardization, presents challenging site locations and project conditions. Nevertheless, a skilled and experienced estimator, using cost accounting information gathered from similar previous construction projects, can do a reasonable job of predicting construction costs. The character or location of a project can present unique problems, but there are usually some basic principles and precedents that apply.

This interactive online course will walk you through the steps involved in estimating construction projects starting with an overview of cost‐estimating procedures and how the final project budget is reached. Then, you’ll learn how to develop monthly progress estimates and change order estimates. Finally, you’ll become familiar with details about specific estimates that you’ll typically prepare.

Objectives SME Course Applies to

Course Objectives

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

Explain how to develop the project estimate
List cost models and how they are used by the project manager
Recognize ways the project manager uses estimates
Identify several types of specialty estimates developed during the execution of the project

SUBJECT MATTER EXPERT: S. Sears

S. KEOKI SEARS is a Project Manager and owner of Project Catalyst Corporation, based in Durango, Colorado.

State Licenses

Alaska

AK - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

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Connecticut

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Delaware

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Accreditation: AIA Registered Provider J315

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Indiana

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Accreditation: AIA Registered Provider J315

IN - Engineer (General - Board Approved - CE21800018)

IN - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Kansas

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Accreditation: AIA Registered Provider J315

KS - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Kentucky

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Louisiana

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LA - Landscape Architect (General - Approved LA CES-2027)

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MI - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Minnesota

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MN - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Missouri

MO - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

MO - Engineer (General - ,)

MO - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

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Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEUs for this program.

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Ohio

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Oklahoma

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PR - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

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SC - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

South Dakota

SD - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

SD - Engineer (General - ,)

SD - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Tennessee

TN - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

TN - Engineer (General - ,)

TN - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Texas

TX - Engineer (General - ,)

TX - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Utah

UT - Engineer (General - ,)

UT - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Virginia

VA - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

VA - Engineer (General - ,)

VA - Landscape Architect (General - Approved LA CES-2027)

Vermont

VT - Engineer (General - ,)

Washington

WA - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

WA - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

Wisconsin

WI - Architect (General - RV2388-2027)

Accreditation: AIA Registered Provider J315

WI - Engineer (General - ,)

WI - Landscape Architect (Health, Safety & Welfare - Approved LA CES-2027)

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Construction Management Association of America - CMAA - (CCM, CACM) (General)

International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)

International Maintenance Institute - IMI - Certifications (CMT, CMP, CMM, CWWMT) (General)

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Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - 15105301OJ)

Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - 15105301OJ)

Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - 15105301OJ)

Soil Science Society of America - SSSA - Certified Professional Soil Scientist (CPSS) (General)