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00 Cost+Estimation Basic+Course Introduction

1. The document discusses cost estimation for construction projects. It covers topics like cost estimation methodologies, processes, life cycle, and elements. 2. The basic course teaches how to prepare data, select appropriate cost estimation methodologies, use proper forms and templates, and build cost estimation procedures. 3. By the end of the basic course, students will be able to prepare data, select methodologies, use forms, normalize historical data, build procedures, record observations, quote items, and negotiate prices.

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Eng-Hussein Mohamed
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
48 views

00 Cost+Estimation Basic+Course Introduction

1. The document discusses cost estimation for construction projects. It covers topics like cost estimation methodologies, processes, life cycle, and elements. 2. The basic course teaches how to prepare data, select appropriate cost estimation methodologies, use proper forms and templates, and build cost estimation procedures. 3. By the end of the basic course, students will be able to prepare data, select methodologies, use forms, normalize historical data, build procedures, record observations, quote items, and negotiate prices.

Uploaded by

Eng-Hussein Mohamed
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Estimating and Control

Eng.: Ahmed Said M. Refaei


Project manager in Construction Company

Education Master's degree on Project Management


2019
" Planning and Managing construction projects funding“

MBA – Mountain California University


B.Sc. in Civil Engineering May 1993
Training & IPMA Certified – Projects Manager Level C
Certificates Project Risk Management certified (Practical
workshops)
Cost Estimation
1 An Introduction and definitions.

Cost Estimation Methodologies


Cost Estimation 2 Select the most appropriate cost estimating methodology

methodologies) for the data available to develop a high-quality cost estimate.


(or combination of

Basic Course Cost Estimation Life cycle


3 Passes through the duration of work and projects with accurate changes and difficulties affecting

decision-making. It is very important that are given very high attention during all stages of project life

Cost Estimation Processes


4 From here we will learn about the processes and procedures of cost estimation, and we will

deepen into those processes using regular systematic steps.

Applied Example
5 Simple Example explain how you an apply cost estimation processes
Construction Estimates
6 and Cost Composition.
In this chapter we will discuss these sections and elements in detail and their divisions and

ways of dealing with them. Views may differ in divisions but keep the general concept one.

Elemental Cost Estimation


Cost Estimation 7 In this chapter we will begin to identify the basic components and elements that are the

source of direct cost.

Advanced Course Case Study


A Tow items we will learn how to estimate it among this lessons.

Tips & Tricks


B About wages of labor and equipment rates and cycle times and how to collect and build it.

Company Procedure
8 We learn how to build company cost estimation procedure.
By end of the basic course

You will be able to:

1 2 3 4
Data Historical
Prepare data required to Normalize and describe items
Methodology estimate items Forms and packages breakdown
Use the best templates and Based on historical data and
Select appropriate methodology
forms in cost estimate and experience
as the availability of data and
project phase site observation records
By end of the basic course

You will be able to:

5 6 7 8
record Control
Build your site observations, Negotiate prices with
Procedure productivity, material wastage quote suppliers and sub-contractors
Build a cost estimation procedures and cost data base. How to quote items and
analyze quotations.

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