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Construction Cost Estimating and Cost Control

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Construction Cost Estimating and Cost Control

Universidade Columbia

Informações sobre o curso: This course introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow. Students will work on a break-even analysis of construction tasks in a project.


Desenvolvido por:  Universidade Columbia
Universidade Columbia

  • Ibrahim Odeh, Ph.D., MBA

    Ministrado por:  Ibrahim Odeh, Ph.D., MBA, Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University

    Director of Research and Founder, Global Leaders in Construction Management
Informações básicas
Curso 3 de 4 no Construction Management Specialization
NívelBeginner
Idioma
English
Como ser aprovadoSeja aprovado em todas as tarefas para concluir o curso.
Classificação do usuário
4.6 estrelas
Classificação média do usuário 4.6Veja o que os aprendizes disseram
Programa
SEMANA 1
Construction Cost Estimating and Cost Control Overview
Professor Odeh describes the course and provides an overview of what will be covered. Also covered is an introduction to Construction Cost Estimating and Cost Controls.
1 vídeo, 1 leitura
  1. Lecture: Course Survey
  2. Vídeo: Introduction to Cost Estimating and Cost Control
  3. Demande de discussion: Introduction to Cost Estimating and Cost Control
Understanding Design in the Construction Industry
Ian Taylor, project manager for Turner and Townsend, introduces the stages of design in a construction project.
1 vídeo
  1. Vídeo: Design In The Construction Industry
  2. Demande de discussion: Understanding Design
Nota atribuída: Understanding Design
Introduction to the Types of Cost Estimates
Professor Odeh describes the types of cost estimates in a construction project. Also covered in this module are the tools and methods used to create estimates.
3 vídeos
  1. Vídeo: Overview of the Types of Cost Estimates
  2. Vídeo: Cost Indices
  3. Vídeo: Cost-Capacity Factor
  4. Demande de discussion: Cost Indices
Nota atribuída: Cost Estimates Quiz
Nota atribuída: Cost Estimates
Quantity Take-Off and Measurement
James Sneath, Associate Director of Cost Management for Turner and Townsend, and Ian Taylor, Project Manager for Turner and Townsend, discuss Quantity Take Off and Measurement. Estimating cut and fill costs is taught along with a detailed example of using cut and fill software. Also covered in this module is the topic of deep foundations, concrete foundations and structural steel, measurement, masonry, glass curtain wall, facade and wall finishes.
14 vídeos
  1. Vídeo: Measurement, Masonry, Glass Curtain Wall
  2. Vídeo: Facade / Wall Finishes / Measurement Overview
  3. Vídeo: Cut and Fill Process and Equipment
  4. Vídeo: Cut and Fill Takeoff
  5. Vídeo: Cut and Fill Software
  6. Vídeo: Introduction to Deep Foundations
  7. Vídeo: Concrete Foundation and Concrete Properties
  8. Vídeo: Concrete Formwork
  9. Vídeo: Concrete Takeoff: Parking Lot Example
  10. Vídeo: Concrete Takeoff: Skyscraper Example
  11. Vídeo: Quantifying rebar Walkthrough
  12. Vídeo: History of Structural Steel
  13. Vídeo: Steel Sections in Design
  14. Vídeo: Structural Steel Takeoff Example
  15. Demande de discussion: Quantity Take-off and Measurement
Nota atribuída: Quantity Take-Off and Measurement
SEMANA 2
Pricing
James Sneath, Associate Director of Cost Management for Turner and Townsend, discusses pricing, labor costs and equipment costs. Topics include, cost materials, formwork, reinforcing steel and concrete. Money component and productivity component is discussed in labor costs, as well as estimating equipment costs.
5 vídeos
  1. Vídeo: Cost of Materials and Formwork
  2. Vídeo: Concrete Material: Reinforcing Steel and Concrete
  3. Vídeo: Money Component
  4. Vídeo: Productivity Component and Examples
  5. Vídeo: Estimating Equipment Costs
Nota atribuída: Pricing
Building the Estimate
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., illustrates how to build an estimate. Sneath does a deep dive into a schematic design project.
6 vídeos
  1. Vídeo: Estimate Classification, Methods and Formats
  2. Vídeo: Design Estimate project
  3. Vídeo: Schematic Design Estimate Demo
  4. Vídeo: Schematic Design: A Deeper Dive
  5. Vídeo: Building and Finalizing the Estimate
  6. Vídeo: Checks and Due Diligence
Nota atribuída: Building the Estimate
Procurement
James Sneath, Associate Director of Cost Management for Turner and Townsend, discussed the procurement stage of a construction projects and they typical involvement of a cost manager or cost estimator.
2 vídeos
  1. Vídeo: General Procurement: Pre-Bid Estimate and Bid Documentation
  2. Vídeo: Bid Stage, Bid Returns and Levelling
Nota atribuída: Procurement
Post Contract and Cost Estimation within a Project
James Sneath, Associate Director of Cost Management for Turner and Townsend Construction, discusses post contract and cost estimation with a construction project. Also covered in this module are cost reporting, change orders and communication and meetings.
3 vídeos
  1. Vídeo: Cost Reporting Overview
  2. Vídeo: Cost Reporting Examples
  3. Vídeo: Change Orders and Communication
Nota atribuída: Post-Contract Quiz
SEMANA 3
Construction Cost Control Methods
Professor Odeh introduces construction cost control and the work segments contained in a project.
2 vídeos
  1. Vídeo: What is Cost Control
  2. Vídeo: Defining Methods of Cost Control
Nota atribuída: Cost Control
Earned Value Method (EVM)
In this module, Professor Odeh goes deeper into the Earned Value Method of Cost Control.
5 vídeos
  1. Vídeo: Defining EVM
  2. Vídeo: EVM Parameters
  3. Vídeo: Performance Examples
  4. Vídeo: EVM Favorable Performance
  5. Vídeo: Calculating EVM
Nota atribuída: Earned Value Method
Nota atribuída: EVM
Close Out Period
Ian Taylor, Project Manager at Turner and Townsend, Inc., introduces cost management close out and punch-list review.
2 vídeos
  1. Vídeo: Close Out Punch List Review
  2. Vídeo: Close Out Activities
Nota atribuída: Close Out Period
Cost Estimation in Practice
James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., talks about cost estimation in general practice. The unit starts with tips in cost estimating and cost management and ends with a discussion of the international roles of cost managers.
3 vídeos
  1. Vídeo: Cost Estimating in General Practice
  2. Vídeo: Tips in Cost Estimating and Cost Management
  3. Vídeo: Roles and Responsibilities of Cost Managers
Nota atribuída: Cost Estimation
SEMANA 4
Project Cash Flow
Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.
12 vídeos
  1. Vídeo: Cash Flow Method
  2. Vídeo: Accrual Method
  3. Vídeo: Contractor Cash Flow
  4. Vídeo: Charting Cash Flow
  5. Vídeo: Calculating Billing
  6. Vídeo: Payment Cycle
  7. Vídeo: Payment Cycle Drivers
  8. Vídeo: Payment Cycle Delays
  9. Vídeo: Schedule of Value
  10. Vídeo: Accelerating Revenue
  11. Vídeo: Front Loading
  12. Vídeo: Delaying Expenses
Nota atribuída: Project Cash Flow
Technology Trends in Cost Estimating and Cost Control
Kevin Labrecque, Senior Vice President at Harper Limbach LLC discusses technology trends in cost estimating and cost control. Topics include 5D Estimating Systems (BIM), estimating software, technology workflows, and implementation.
5 vídeos
  1. Vídeo: 5D Estimating Systems (BIM)
  2. Vídeo: Estimating Software in Action
  3. Vídeo: Workflows
  4. Vídeo: Implementation Perspective
  5. Vídeo: Next Steps
  6. Demande de discussion: Technology Trends in Cost Estimating and Cost Control
SEMANA 5
Program Cost Estimating
Christopher Toomey, Senior Vice President at AECOM Global Programs, discusses cost control for large programs.
3 vídeos
  1. Vídeo: Program Cost Control
  2. Vídeo: Defining the Cost of a Capital Program
  3. Vídeo: Useful Tools for Cost Control
Nota atribuída: Cost Control for Large Programs
Lean in Cost Control
Sam Spata, Owner of Method Lean, presents this module on Lean In Cost Control.
5 vídeos
  1. Vídeo: Money and Estimate in Capital Project Delivery
  2. Vídeo: Benchmarking and Normalization Process
  3. Vídeo: Lean Design: Value
  4. Vídeo: Lean in Cost Control
  5. Vídeo: Lean Set Based Design
  6. Demande de discussion: Lean in Cost Control
Nota atribuída: Lean in Cost Control

Perguntas frequentes
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Chaque cours fonctionne comme un manuel interactif en proposant des vidéos préenregistrées, des quiz et des projets.

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Certificats
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Desenvolvedores
Universidade Columbia
For more than 250 years, Columbia has been a leader in higher education in the nation and around the world. At the core of our wide range of academic inquiry is the commitment to attract and engage the best minds in pursuit of greater human understanding, pioneering new discoveries and service to society.
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Classificações e avaliações
Avaliado em 4.6 de 5 decorrente de 374 avaliações
Mamani Mohammed Dulana

Very concise, precise, and elaborate...!

sa

I am feeling honour and prestige to get this interesting and knowledgeable course . The course was complete and properly organized and arranged with justified course content, modules, slides, videos, text, assignments , suggestion and quiz sections.

Stephen Poulson

Well covered. My only comment would be to include, after completion of the 5 week modules, an example of the overall Cost Estimating and Control exercise from start to finish on a real time project. This would allow the learner to see the progressive processes from the OME estimate, thru all stages, to award, into execution and the cost control processes to monitor the projects cost progress. That would comprehensively pull it all together.

Thank you for the education, your time and worthwhile course for us in construction.

MR

Applicably educational and currently industry relevant.



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