Professional cost estimating course

Programme

Part 1. Fundamentals of construction technology

1. Stages of implementing a construction project
2. Estimating methods at different stages
3. State standards and other legislative acts governing cost estimates. Overview of world practice
4. Structure of design and estimate documentation
5. Source technical documents — the basis of cost estimates
6. Current and reliable reference literature for self-education in construction technology

Part 2. Fundamentals of estimating

1. Resource categories for cost estimates
2. Sources of technical and price information for cost estimates
3. Cost estimate formulas
4. Estimate documents
5. Supporting documents for estimate documentation
6. Procedure for preparing estimate documentation for state expert review and for procurement tenders for construction and installation services (tender)

Part 3. Estimating software

1. Brief overview of estimating software
2. How estimating software works, using the example of ABC 2021
3. Maximum capabilities of ABC 2021
4. Algorithms for producing estimate documentation
5. Algorithms for producing production reports
6. Algorithms for producing supporting and other analytical documentation

Part 4. Practical sessions

1. Preparatory analytical work with technical documentation for new construction, reconstruction and capital repair with structural changes and changes to design decisions — design documentation (drawing albums)
2. Preparatory analytical work with Defect lists, Bills of quantities and Defect certificates for capital and current repair
3. Forming the technical task for ABC. Developing estimate documentation
4. Producing production reports
5. Producing supporting and analytical documentation
6. Developing the Work schedule based on cost estimates

Part 5. Financial analysis of estimate documentation

1. Analysing production capabilities and savings reserves for carrying out construction and installation work in accordance with the cost estimates
2. Calculating profitability volumes
3. Developing the profitability summary table
4. Determining the dumping threshold for a commercial proposal in accordance with the cost estimates and production capabilities
5. Studying a specific example of the financial analysis of one estimate
6. Studying the financial analysis of an entire project for the construction of a large production complex