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.
Construction Cost Estimating and Cost Control
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Construction Cost Estimating and Cost Control
This course is part of Construction Management Specialization
Instructor: Ibrahim Odeh, Ph.D., MBA
65,044 already enrolled
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Gain insight into a topic and learn the fundamentals.
4.7
(2,090 reviews)
Beginner level
Recommended experience
Flexible schedule
Approx. 22 hours
Learn at your own pace
90%
Most learners liked this course
What you'll learn
The fundamentals of cost estimation and the design phase to perform cost estimation
How to conduct the close out period of the project by exploring the punch lists, final approval, and turnover to the client
The cost control methods emphasizing the Earned Value Method
Skills you'll gain
Details to know
Shareable certificate
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Assessments
16 assignments
Taught in English
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This course is part of the Construction Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 16 modules in this course
Professor Odeh describes the course and provides an overview of what will be covered. Also covered is an introduction to Construction Cost Estimating and Cost Controls.
What's included
1 video2 readings1 discussion prompt1 plugin
Ian Taylor, project manager for Turner and Townsend, introduces the stages of design in a construction project.
What's included
1 video1 reading1 assignment1 discussion prompt
Professor Odeh describes the types of cost estimates in a construction project. Also covered in this module are the tools and methods used to create estimates.
What's included
3 videos1 reading2 assignments1 discussion prompt
James Sneath, Associate Director of Cost Management for Turner and Townsend, and Ian Taylor, Project Manager for Turner and Townsend, discuss Quantity Take Off and Measurement. Estimating cut and fill costs is taught along with a detailed example of using cut and fill software. Also covered in this module is the topic of deep foundations, concrete foundations and structural steel, measurement, masonry, glass curtain wall, facade and wall finishes.
What's included
14 videos4 readings1 assignment1 discussion prompt
James Sneath, Associate Director of Cost Management for Turner and Townsend, discusses pricing, labor costs and equipment costs. Topics include, cost materials, formwork, reinforcing steel and concrete. Money component and productivity component is discussed in labor costs, as well as estimating equipment costs.
What's included
5 videos1 reading1 assignment
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., illustrates how to build an estimate. Sneath does a deep dive into a schematic design project.
What's included
6 videos2 readings1 assignment
James Sneath, Associate Director of Cost Management for Turner and Townsend, discussed the procurement stage of a construction projects and they typical involvement of a cost manager or cost estimator.
What's included
2 videos1 reading1 assignment
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.
What's included
3 videos1 reading1 assignment
Professor Odeh introduces construction cost control and the work segments contained in a project.
What's included
2 videos1 reading1 assignment
In this module, Professor Odeh goes deeper into the Earned Value Method of Cost Control.
What's included
5 videos1 reading2 assignments
Ian Taylor, Project Manager at Turner and Townsend, Inc., introduces cost management close out and punch-list review.
What's included
2 videos1 reading1 assignment
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., talks about cost estimation in general practice. The unit starts with tips in cost estimating and cost management and ends with a discussion of the international roles of cost managers.
What's included
3 videos1 reading1 assignment
Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.
What's included
12 videos2 readings1 assignment
Kevin Labrecque, Senior Vice President at Harper Limbach LLC discusses technology trends in cost estimating and cost control. Topics include 5D Estimating Systems (BIM), estimating software, technology workflows, and implementation.
What's included
5 videos1 reading1 discussion prompt
Christopher Toomey, Senior Vice President at AECOM Global Programs, discusses cost control for large programs.
What's included
3 videos1 reading1 assignment
Sam Spata, Owner of Method Lean, presents this module on Lean In Cost Control.
What's included
5 videos1 reading1 assignment1 discussion prompt1 plugin
Instructor
Instructor ratings
4.6 (399 ratings)Offered by
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Technical University of Munich (TUM)
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