Course overview
This course will introduce students to the principles of construction estimation considering project management theory and principles as well as bidding practices in the construction industry. The course considers: first principles estimating, basic macro/micro economic principles, cost planning and management, assembling project bids, tendering, contracts and bills of quantities.
Course learning outcomes
- Explain contractual arrangements that may be adopted in the construction industry
- Describe how the estimation process is influenced by the transfer of risk for different project delivery methods
- Identify how a project scope is broken up into a series of trade packages for construction
- Describe the basic estimation principles used in assembling a project bid
- Estimate construction timelines and costs
- Demonstrate the ability to read and interpret technical engineering drawings