course | Construction Cost Estimation and Control
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CEC-1870 | Construction Cost Estimation and Control
Course Sector : Civil Engineering
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-06-16 | 2025-06-20 | Madrid | $4,950 | Book now |
| 5 Days | 2025-09-29 | 2025-10-03 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-11-23 | 2025-11-27 | Jeddah | $4,250 | Book now |
Course Introduction
Construction Cost Estimation
This comprehensive training course on Construction Cost Estimation and Control provides participants with the essential skills and knowledge required to effectively estimate and manage costs throughout the lifecycle of a construction project. It covers the systematic approach to forecasting costs, from the initial design phase to project completion. By understanding different types of cost estimates, tools, and methodologies, learners will be equipped to develop accurate project budgets, monitor expenditures, and implement effective cost control strategies.
The course also emphasizes the significance of cash flow management and financial oversight, allowing participants to minimize risks and maximize profitability.
Course objective
- Understand the principles of construction management and cost estimation.
- Differentiate between various types of cost estimates and their application.
- Master tools and methods used for effective cost estimation.
- Learn techniques for controlling costs and monitoring cash flow.
- Conduct break-even analyses for construction projects.
- Enhance their understanding of project material management and its impact on costs.
- Gain insights into factors influencing construction costs and how to mitigate them.
Course Outline | DAY 01
Introduction to Construction Cost Estimation
Session 1: Overview of Construction Management
- Roles and responsibilities in construction projects
- Importance of cost estimation in project success
Session 2: Fundamentals of Cost Estimation
- Definition and significance of cost estimation
- Phases of construction projects and their cost implications
Workshop: Introduction to Estimation Tools
- Overview of software and tools commonly used in cost estimation
Course Outline | Day 02
Types of Cost Estimates
Session 1: Understanding Different Types of Cost Estimates
- Conceptual estimates, preliminary estimates, and detailed estimates
- Comparison of different estimation techniques (top-down vs. bottom-up)
Session 2: Tools and Methods for Estimating Costs
- Estimation templates and their use in construction
- Utilizing historical data for accurate forecasting
Workshop: Hands-On Estimation Practice
- Participants will create preliminary estimates based on given project scenarios
Course Outline | Day 03
Cost Control Techniques
Session 1: Importance of Cost Control in Construction
- Definition and objectives of cost control
- Key performance indicators (KPIs) for monitoring costs
Session 2: Managing Project Cash Flow
- Understanding cash flow statements and their relevance to construction projects
- Techniques for forecasting cash flow needs
Workshop: Break-Even Analysis
- Participants will conduct a break-even analysis of specific construction tasks
Course Outline | Day 04
Advanced Cost Estimation Strategies
Session 1: Factors Influencing Cost Estimation
- Identifying and analyzing variables that affect project costs (labor, materials, overhead)
- Risk assessment and its impact on cost estimation
Session 2: Leveraging Technology for Cost Estimation
- Introduction to advanced software solutions for cost management
- Integrating Building Information Modeling (BIM) in cost estimation
Workshop: Case Study Analysis
- Analyze a real-world project to identify cost estimation challenges and solutions
Course Outline | Day 05
Project Material Management and Course Wrap-Up
Session 1: Effective Material Management
- Understanding the role of material management in controlling costs
- Techniques for procurement and inventory management
Session 2: Final Review and Future Trends in Cost Estimation
- Recap of key concepts covered throughout the course
- Discussion on emerging trends in construction cost management
Workshop: Group Presentations
- Participants present their cost estimation strategies for a hypothetical project
Closing: Q&A Session and Course Evaluation
- Open floor for questions and feedback
- Discussion on continuous learning and career development opportunities
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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