Basics of Estimating Construction Costs

The cost estimation process in construction is detailed and encompasses various phases to analyse the actual costs of a project. This course aims to illustrate the main principles in construction management and the most accurate method for estimating the cost of building projects. It starts by presenting the features of the construction industry and the significance of upholding high standards for both labour and product quality. You will discover the role of the construction supervisor and how important they are to completing projects that meet client requirements on schedule and on budget.

The next section of the course introduces and explains the various techniques currently used to generate accurate estimates for construction projects. You will explore the main types of construction cost estimates and different estimating methods. The many duties and responsibilities of an estimator in the construction industry will be covered next. When recruited for a project, the estimator will carry out seven essential tasks, and you will explore them in detail.

From there, you will comprehend three fundamental factors that have an impact on construction costs globally. The following section describes the cost estimate of a construction project. The goal of project cost estimating is to precisely calculate the finances and resources needed to complete an extensive construction project. We will also cover the project cost estimation techniques to achieve this. So enrol now to discover how to generate precise and effective cost estimates for contributing to a construction project's success.