Understanding an Estimate
*Moved from October 2nd*
About
This is a 4-hour course that explains how construction estimates are developed and used for effective project management. Participants will learn the difference between an estimate and a budget, how bid items, activities, and resources are broken down, and how labor, equipment, materials, and subcontractors factor into costs. The course highlights how estimates serve as the foundation for planning, execution, and financial management.
Outline
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What an Estimate Is
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Estimate vs. Budget
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Bid Items, Activities & Resources
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Labor, Equipment, Materials, Subs
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Production Rates & Crew Hours
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Direct vs. Indirect Costs
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Client Bid Forms & Instructions
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Estimates as Project Foundation
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