RedVector RV-11537

Construction Cost Estimating: Resources and Processes

Construction Cost Estimating: Resources and Processes

1 hr. Online Course

Level: Intermediate

Item#: RV-11537

SME: Michael Keating

Being able to accurately estimate (within acceptable ranges) the cost of construction of any project, at any given stage in the process (whether just at concept, during design development, or fully developed and ready-to-advertise design) is an invaluable skill for anyone in the construction industry. How can an estimator become better and more accurate? In order to prepare an estimate, there are several items to consider, including the estimating team, how the quantity takeoff is going to be done, what data resources are available for pricing, how the estimate's going to be prepared and organized and how it's going to be adjusted based on multiple bid factors and the construction economy.  In this course, you'll learn how to utilize some of the most important resources and tools available to you, as an estimator.
Course Objectives
By the end of this course, you will be able to:
  • Sequence the steps in completing an estimate
  • Locate sources of error in an estimate
  • Describe what the CSI Master Format Work Breakdown Structure is, what it includes, and how it is used
  • Explain different methods of determining overhead 
  • Define Value Engineering (VE)
SUBJECT MATTER EXPERT: Michael Keating
Mike Keating has been in the construction industry for over 29 years in various capacities including Estimator/Cost Engineer, Project Manager, Construction Manager, Director of Construction, and A/E Construction Administrator to name a few.He has been involved in both commercial and residential construction projects both in the public and private sector with several individual projects exceeding $100 million in construction value.He currently works for the U.S. Army Corps of Engineers as a Cost Engineer and Value Engineering Officer on large Military, Civil Works, and Inter-Agency developments.In addition, he teaches a class in Construction Engineering as an Adjunct Instructor at the University of South Alabama, Dept. of Civil, Coastal, and Environmental Engineering.
 
Mr. Keating grew up in Omaha, Nebraska and holds a Bachelor of Science in Construction Management Degree from the University of Nebraska.In addition, he received his MBA from the University of West Florida in 2004.He is a Licensed Professional Engineer (PE) in the State of Virginia, a Certified General Contractor (CGC) in the State of Florida and holds several other industry certifications including Certified Cost Engineer (CCE), Value Management Associate (VMA), Certified Professional Estimator (CPE), and Certified Construction Contract Administrator (CCCA).
State Licenses
AL - Engineer (General)
AR - Engineer (General)
DC - Engineer (General)
DE - Engineer (Business Practice (maximum of 9 hours))
FL - Contractor, Alarm System I & II (Business Practice - 0802288)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Broward County (Business Practice)
FL - Contractor, Certified (Business Practice - 0613460)
Accreditation: FL DBPR Approved Provider 0001775
FL - Contractor, Electrical (Business Practice - 0802288)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Electrical Specialty (Business Practice - 0802288)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0613460)
Accreditation: FL DBPR Approved Provider 0001775
FL - Contractor, Pinellas County (Business Practice - 0613460)
Accreditation: FL DBPR Approved Provider 0001775
FL - Contractor, Registered (Business Practice - 0613460)
Accreditation: FL DBPR Approved Provider 0001775
FL - Engineer (General - 0000271)
Accreditation: FBPE Approved Provider 33
FL - Fire Protection System Contractor (Class I, II & III) (Business Practice - FP17403)
FL - Fire Protection System Contractor (Class IV) (Business Practice - FP17403)
FL - Fire Protection System Contractor (Class V) (Business Practice - FP17403)
GA - Contractor, Residential and General (General)
GA - Engineer (General)
IA - Engineer (General)
ID - Engineer (General)
IL - Engineer, Professional (General)
IL - Engineer, Structural (General)
IN - Engineer (General - Board Approved - CE21800018)
KS - Engineer (General)
KY - Engineer (General)
LA - Engineer (General)
MD - Engineer (General)
ME - Engineer (General)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General)
MN - Engineer (General)
MO - Engineer (General)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Engineer (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEUs for this program.
NH - Engineer (General)
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General)
NV - Engineer (General)
NY - Engineer (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEU for this program.
OH - Engineer (General)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Contractor, Residential (General - SRA2591)
Accreditation: Provider ID: 2014RCE0077; Vector Solutions is responsible for the content of this course.
OR - Engineer (General)
PA - Code Official,Certified (UCC) (General)
PA - Engineer (General)
PR - Engineer (General)
SC - Engineer (General)
SD - Engineer (General)
TN - Engineer (General)
TX - Engineer (General)
UT - Engineer (General)
VA - Engineer (General)
VT - Engineer (General)
WI - Engineer (General)
WV - Engineer (General)
WY - Engineer (General)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General)
American Institute of Constructors - AIC - Professional Constructor (General)
Canada - Alberta Engineer (General)
Canada - British Columbia - Residential Builder (General)
Canada - British Columbia Engineer (General)
Canada - Manitoba Engineer (General)
Canada - New Brunswick Engineer (General)
Canada - Newfoundland and Labrador Engineer (General)
Canada - Northwest Territories and Nunavut Engineer (General)
Canada - Nova Scotia Engineer (General)
Canada - Ontario Engineer (General)
Canada - Prince Edward Island Engineer (General)
Canada - Quebec Engineer (General)
Canada - Saskatchewan Engineer (General)
Canada - Yukon Engineer (General)
Construction Management Association of America - CMAA - (CCM, CACM) (General)
National Institute for Certification in Engineering Technologies - NICET (General)