• Importance of “mathematical intuition” for cost estimators
• Introduction to Cost Estimating
  - Definitions
  - Types of estimates and their uses
  - Total project cost to an owner
  - To bid or not to bid; factors impacting the decision to bid
  - Direct versus indirect cost
  - Work Breakdown Structure (WBS) and the CSI MasterFormat
  - Schedule of values
• Estimating indirect cost
  - Bonds and Insurance
  - Estimating general and job/project overhead
  - Estimating profit and contingency
  - Estimating inflation/escalation. Allocating indirect costs
• Construction Cost Estimating
  - Estimating labor and equipment
  - Materials estimating
  - Tips on quantity take-offs
• Cost Control
  - The baseline budget
  - Progress payments

Architects, engineers (of all disciplines), contractors, subcontractors, project managers, cost/quantity estimators, project management team members, attorneys/lawyers, and executives.

This Webinar helps construction professionals who deal with construction cost estimating directly or indirectly. It starts with definitions and concepts and then goes to methods and tools and how cost estimating becomes part of project controls and project management. Estimating construction costs is an extremely important subject in today’s competitive world. A minor mistake can be the difference between profit and loss. This seminar gives an overall idea of the entire process of construction cost estimating; both approximate and detailed. The seminar includes many valuable tips for both cost management professionals as well as the entire project management team. It is essential for all project participants; the owner, the designer, the contractor, and the construction project management team.