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.
By the end of this course, you will be able to:
By the end of this course, you will be able to:
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Sequence the steps in completing an estimate
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Locate sources of error in an estimate
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Describe what the CSI Master Format Work Breakdown Structure is, what it includes, and how it is used
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Explain different methods of determining overhead
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Define Value Engineering (VE)