PUBLISHED 2024-2025 Credit Catalog[ARCHIVED CATALOG]
ESTM 2010 - Project Cost Estimation
Description Project Cost Estimation introduces to the processes and tools used to develop project cost estimates. The course covers the principles of measuring and pricing construction work, it also covers the applications of electronic takeoff, Building Information Modeling (BIM) and estimating software during the preparation of cost estimates. The course introduces the bidding process and activities performed in the owner and contractor organizations, discusses the evolution of project cost estimates over the project lifecycle. Tools and methods used at each stage of a project lifecycle will be discussed and the process of developing conceptual and detailed estimates will be examined.