Description
This three-day elective course will provide the project managers and Contracting Officer’s Representatives (CORs) the skills needed to either independently and competently develop or review construction cost estimates for projects under and up to $5M for both new and existing construction projects. This training shall stay highly focused directly on highly practical and pragmatic methods and techniques for eveloping construction cost estimates of smaller dollar volume construction projects up to $5M. Students will learn though facilitated learning, class discussion and exercises.
Learning Objectives
- Identify the difference between a budget and an estimate and the role of each
- Explain the impacts of local, regional, national, and international dynamics and markets–labor, material, logistics, competition, and general economic conditions–on costs and prices
- Differentiate between the following when discussing cost: “hard” and “soft;” “direct” and “indirect;” “burdened” and “unburdened”
- Describe the important aspects of proper scope development and sequence of work packages
- Summarize the impacts of uncertainty in scope on CCEs and techniques to mitigate uncertainty
NCMA Competencies
A.1, A.2, A.3, B., B.3, B.4, B.5, B.6, C.1, C.3, 1.1, 1.2, 1.3, 1.4, 1.5, 1.6, 1.7, 2.0
Course ID
CSTN COST EST-EL
Length
3 Days
CLPs
24
PDUs
24
Modality
In-person
Virtual
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