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Fundamentals of Cost Estimating
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Period |
6/2/2023 - 10/2/2023 |
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Place |
Cairo - Egypt
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Fees |
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| The development of reliable cost estimates during the design and early conceptual stages of a proposed project are of critical importance.
The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.
In addition to the potential financial losses suffered by the organization, many such projects subsequently fail to deliver the required quality of outcomes intended for the project as a direct consequence of poor estimating. Budgeting inaccuracies inevitably result in lower quality workmanship and materials.
The estimating techniques and processes covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump sum and unit-price estimates.
This brand new day course will significantly enhance the skills and knowledge of delegates and improve their ability to perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.
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