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Budgeting and Estimating for Construction, Maintenance, Repairs and Claims
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Construction budgets and cost estimates can make or break the success of your construction project.

When: Wednesday, May 4, 2016
1:00 PM
Where: Online Webinar
United States
Contact: Lorman Education

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Approved for CPD Credit.  Click here to register.  


This topic is for anyone who needs to understand construction budgets and cost estimates. The presentation is a high-level outline of a step-by-step method for planning, creating and delivering estimates for construction, maintenance, repairs, and claims and will include discussion of how estimates can be summarized, analyzed and compared. The process begins with deciding on the level of detail and exactitude required. It continues with deciding on and organizing the elements that will be included in the estimate, so that the scope of work and methods of construction can be documented and easily referenced, summarized and understood. Application of prices to the scope and method of construction is next. Ultimately an estimator will format, coordinate peer review, finalize and publish the completed estimate. And often the estimator or another professional will summarize, analyze or compare budgets and estimates for the purpose of quality decision making.


Learning Objectives

- You will be able to identify order of magnitude (PFCS Level 1).

- You will be able to discuss conceptual & preliminary (PFCS Levels 2 & 3)

- You will be able to describe detailed and bid/construction/trial ready (PFCS Levels 4 & 5).

- You will be able to review estimate analysis.


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