Estimating construction costs is a critical process in the construction industry that requires specialists trained to predict the total cost of a project before it begins. It can be a complex process that often necessitates a combination of experience, expertise and careful analysis. This project management course teaches you the proper procedures involved in cost estimation and begins with an introduction to cost estimation. We explain how cost estimation in civil works can be used to predict the cost of construction projects and include preliminary cost and budget estimates. We then lay out the advantages of estimating construction costs of projects during the engineering, planning and design phases.

Preparing construction cost estimates entails disassembling the project and calculating the cost of each component. We discuss the factors that can affect the cost of the project, such as the site's location, the availability of materials and labour and any special project requirements. We explore the processes involved in estimating the cost of materials and labour. Finally, we explain step by step how to estimate the cost of construction equipment, including the cost of purchasing or renting equipment before operating and maintaining it.

Construction cost estimation is a specialised field in the construction industry. Project managers, construction managers, quantity surveyors, cost estimators and engineers are some of the professionals who work in this field and require this skill. This project management course is ideal for contractors, architects, surveyors, builders and anyone else in the construction industry who wants to improve their cost estimation skills. Sign up to take the first step towards mastering construction cost estimation techniques.