This course introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow. Learners will work on a break-even analysis of construction tasks in a project. The course begins with Professor Odeh providing an overview of what will be covered. Next, learners explore the stages of design in a construction project. Professor Odeh then describes the types of cost estimates in a construction project, and the tools and methods used to create estimates.
By the end of this course, you will be able to:
-Acquire the fundamentals of cost estimation and the design phase to perform cost estimation
-Learn about cost control and cost control methods, emphasizing the Earned Value Method or EVM
-Understand the close out period of the project by exploring the punch lists, final approval, and turnover to the client
Bidding, Project Closure, Change Orders, Punch Work, Request for Proposal, Cost Estimation, Earned Value Management, Construction Estimating, Cost Control, Request For Quotation (RFQ), Building Information Modeling, Procurement, Cash Flow Forecasting, Lean Methodologies, Project Estimation
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4.7 (2,171 ratings)
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VG
Feb 1, 2019
Very interesting course with substantial and important information and knowledge to get you familiar with cost estimating and cost control. Very practical and close to reality examples.
AM
May 6, 2020
great class. I learned a lot of valuable information. I am looking to make a career change and I hope this online learning course will aid me significantly in making a career switch.
From the lesson
Post Contract and Cost Estimation within a Project
James Sneath, Associate Director of Cost Management for Turner and Townsend Construction, discusses post contract and cost estimation with a construction project. Also covered in this module are cost reporting, change orders and communication and meetings.