Construction Cost Estimation Basics Online Course

Key Features

• Accredited by CPD
• Instant e-certificate
• FREE PDF + Hardcopy certificate
• Easy payment method
• Fully online, interactive course with audio voiceover
• Self-paced learning and laptop, tablet, smartphone-friendly
• Learn Anytime, Anywhere
• 24/7 Learning Assistance
• Best Value Price
• Discounts on bulk purchases

This course introduces Construction Cost Estimation Basics for beginners and professionals. Learn practical methods to estimate construction costs accurately for all projects. Explore the role of cost estimator in managing construction budgets. Understand key elements and factors influencing accurate cost estimation. Gain insights on cost management and controlling project finances effectively. Learn proper management of material for construction projects and operations. Develop skills to forecast project costs and prepare competitive bids.

Learning Outcomes:

1. Understand fundamentals of construction cost estimation and project budgeting.
2. Learn various methods of estimating construction costs efficiently.
3. Explore the role of cost estimators in project financial planning.
4. Identify elements and factors influencing construction cost estimation accuracy.
5. Apply cost management strategies to control overall project expenses.
6. Develop skills for material management in construction projects effectively.

Course Link: Construction Cost Estimation Basics

Course Curriculum:

Module 01: Introduction to Construction Management

• Overview of construction management principles and project lifecycle.
• Key responsibilities of construction managers in cost estimation.
• Introduction to budgeting and project scheduling fundamentals.

Module 02: Cost Estimation

• Basics of construction cost estimation techniques and methods.
• Difference between preliminary, detailed, and unit cost estimation.
• Steps to calculate project cost effectively and efficiently.

Module 03: Role of Cost Estimator and New Aspects of Cost Estimation

• Responsibilities and qualifications of a professional cost estimator.
• Emerging trends and technology in modern construction cost estimation.
• Integrating software tools for accurate estimation and reporting.

Module 04: Elements and Factors Influencing Cost Estimation

• Key cost elements: labor, material, equipment, and overheads.
• External factors affecting cost: inflation, regulations, and market trends.
• Risk analysis and contingency planning for accurate estimates.

Module 05: Cost Estimation in Construction Industry

• Industry-specific practices for residential, commercial, and infrastructure projects.
• Estimation techniques for small, medium, and large scale projects.
• Benchmarking costs using historical data and industry standards.

Module 06: Cost Management

• Techniques for monitoring and controlling project costs.
• Budget variance analysis and reporting methods.
• Strategies to optimize project costs without compromising quality.

Module 07: Management of Material for Construction

• Procurement planning and inventory management techniques.
• Reducing material wastage and cost optimization strategies.
• Effective documentation and tracking of construction materials.

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Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.