BMC 110 - Construction Costing

Course Description

Learn the processes required to estimate the cost of construction projects from start to finish. This course covers the detailed steps involved in the tendering process including how to analyze the tender documents, the types of estimating methods used, the application of productivity factors, the calculation of job overheads, and the final assembly of the lump sum tender. An individual project will help you apply the concepts learned.

Course Details

Upon successful completion of this course, you will be able to:

1.  Give an overview of the construction industry including: types of project; project delivery; types of contract: owner/consultant/contractor relationships
2. Describe the cost planning process including elemental estimating and project cost control
3. Explain the cash-flow profile of a typical construction project
4. Outline how biding documents are prepared and describe the bidding process
5. Describe the preliminary estimating processes
6. Perform quantity takeoffs for earthwork and concrete work
7. Describe the estimate pricing process
8. Price the work of a project including labour, materials, equipment and subcontracted work
9. Price project overheads
10. Explain how the project markup is calculated including consideration of bid strategy, general overhead and risk
11. Compile a construction tender, explain the legal aspects of bidding and conduct a post-tender analysis

Applies Towards the Following Program(s)

• Certificate in Professional Management specializing in Construction Management : Construction Management Courses