The Construction Estimating Extension Training Course has been developed for the purpose of furthering the skill sets of individuals who create accurate and reliable cost estimates for construction projects. This course is designed to enhance practical skills beyond the standard estimating principles through structured methodologies, real-world scenarios, and an understanding of industry-based estimating practices. Participants will understand how the cost of construction is progressively developed and managed from conceptual design through the final pricing of a project.
The training programme is provided by Imperial Corporate Training Institute. The course aims to help participants become more proficient in the intelligent application of data associated with cost estimates, modern estimating methodologies, and structured pricing for the purposes of forming an informed decision. This course combines theory and practice, providing participants with the necessary knowledge and skills to confidently prepare cost estimates for quantities, labour, materials, equipment, overheads, and contingencies. At the conclusion of the course, participants will have the ability to successfully participate in the tendering, budgeting, and controlling of costs for various construction projects.
Objectives
By completing the Construction Estimating Extension Training Course, participants will be able to:
- Create comprehensive and systematic construction cost estimates based on the project’s outlines and specifications
- Analyse and structure cost information to provide the basis for accurate forecasts and budgets.
- Employ high-level estimating systems to increase speed, accuracy and repeatability of estimating results.
- Appreciate how estimating relates to procurement and planning for construction.
- Develop a business case for pricing and pricing strategies to develop a competitive bidding and negotiation platform.
- Assess the level of risk and uncertainty in construction costs associated with different stages of a construction project.
- Use data-driven estimating methodologies as decision-support tools for improving decision-making.
- Build confidence as a professional when presenting and supporting estimates to stakeholders.
Target Audience
The program is directed at professionals (including but not limited to) those working in the field of construction cost control, financial management, project delivery, and includes:
- Construction estimators seeking to enhance their technical estimating capability
- Quantity surveyors and cost engineers handling medium to large construction projects
- Construction project managers who are responsible for project budgets and cost forecasts
- Contract administrators working with consulting engineers to assist in preparing and evaluating construction tenders
- Engineers transitioning from a technical or commercial role into estimating
- Individuals currently employed by contractors, consultants or developers
- Individuals involved with professionals in the construction sector responsible for procurement and/or cost control.