Cost Estimating Training Fundamentals

The Fundamental of Estimating Course is a two-day course providing the essential building blocks of accurate cost estimation for practitioners.

This course is tailored to estimators or cost engineers in either the public or private sectors and provides an effective foundation for the production of comprehensive and accurate cost estimates.  The course is applicable to all sectors within the built environment.

By the end of the Fundamentals of Estimating Workshop participants will have a sound understanding of:

• the value of good estimating
• essential elements of a good estimate
• different levels of estimating and the approach required
• estimating methods including:
• historical analogy
• parametric estimating
• first principles, or bottom-up, estimating
• expert judgment
• Quantity takeoffs
• Production rates
• Direct Cost Assessments
• Indirect Cost Assessment
• Overheads
• Risk, Uncertainty and Contingencies
• Profit
• Inflation

Fundamentals of Estimating Workshop