• The calculation of unit price in cost estimate and how it relates to productivity
• Factors that may affect productivity and how to apply it to unit price
• Other factors that may affect the cost estimate of a project
• The relationship between cost estimating and scheduling / duration
• Applying adjustments to indirect costs such as overhead and profit
• Hints for more efficient cost estimates

This webinar is important for general contractors, subcontractors, cost estimators and managers, project managers, project controls managers, planners, schedulers, architects, and engineers.

This webinar is important for the entire project management team, particularly those in cost estimating, cost management, and project controls. The topic is important to general contractors and subcontractors. Failure to make proper adjustments may lead to losses (decreased profit) or missed opportunities. There are many items and issues that a cost estimator must pay attention to, sometimes they may not be so clear or direct. Some factors have to do with productivity rate, market fluctuations, location, and others. This seminar will cover the most important factors and how to apply the cost adjustment.

Preparing an approximate or detailed cost estimate is an art, science, and adventure. One of the key functions is to adjust prices, unit prices, percentages, and total, based on factors that relate to the project design and condition, location and its climate, project parties, and the general contractor’s situation. This is the summary of this webinar.