Course Name Estimating Construction Costs Course Information Course Code Course No. Course Level Credit Hours Pre-requisites Co-requisites CEE 493 2203-493 4 3(3,0,0) 2203-282 2203-390 Course Track University Requirement College Requirement Specialized Core Elective x x x x Course Description The course covers estimation in construction in depth including the followings: Types of estimates – Quantity surveying- Types of bids – Contract Documents &ndash ...
Construction Cost Estimating Guide APRIL 2020 IDAHO TRANSPORTATION DEPARTMENT | 3311 W STATE ST. BOISE, ID 83703 Table of Contents 1 ESTIMATING GUIDE PURPOSE AND OBJECTIVES ....................................................................... 3 1.1 Purpose ............................................................................................................................... 3 1.2 Key Objectives ..................................................................................................................... 3 2 GENERAL ESTIMATING CONCEPTS ............................................................................................. 4 2.1 What is Estimating? ............................................................................................................ 6 2.2 What is an Estimator? ......................................................................................................... 6 2.3 Why do we Estimate? ......................................................................................................... 6 2.4 What is ...
Smithsonian Institution Office of Facilities Engineering and Operations AE120 REQUIREMENTS FOR PROJECT & CONSTRUCTION COST ESTIMATING SERVICES March, 2014. PROJECT & CONSTRUCTION COST ESTIMATING REQUIREMENTS Rev March 2014 Overview Introduction This document supplements the Smithsonian Institution Office of Facilities Engineering and Operations (OFEO) AE110 Standard Requirements for A/E Services. It describes the background, policies and procedures for estimating construction costs and budgets. Goal ...
Construction – You Need Risk-Based Cost Estimating John J. Reilly, John Reilly International www.johnreilly.us Philip Sander, RiskConsult GmbH www.riskcon.at A. Moergeli, moergeli consulting, llc www.moergeli.com ABSTRACT Every cost estimate is uncertain. Underestimating construction costs by owners in the planning or design phase or by contractors in the bidding phase, and the possibility of low probability/high impact “black swan&rdquo ...
ILLINOIS HOUSING DEVELOPMENT AUTHORITY STANDARDS FOR CONSTRUCTION COST ESTIMATING December 2014 As part of the Application for Multifamily Financing, the Illinois Housing Development Authority (IHDA) requires applicants to secure Construction Cost Estimates from professional services firms experienced in providing cost estimating services and capable of producing the desired services in a professional, timely and cost-conscious manner. All applicants must submit a “Construction Cost Certification&rdquo ...
Urban Growth and the Circular Economy 221 MODEL FOR ESTIMATING CONSTRUCTION COSTS FOR LOW-RISE RESIDENTIAL BUILDINGS 1 2 2 ADEL ALSHIBANI , OTHMAN ASHAMRANI & MESSAM SHAAWAT 1Department of Architectural Engineering, KFUPM, Kingdom of Saudi Arabia 2Department of Building Engineering, Imam Abdulrahman Bin Faisal University, Kingdom of Saudi Arabia ABSTRACT This paper introduces a multi-regression model for estimating construction cost of various structure and envelope ...
RSMeans Data Online and CD Comparison RSMeans Data Online and the CD both provide the same comprehensive, up-to-date, and localized cost information to improve planning, estimating and budgeting using the industry’s most-trusted source of construction cost data. Both products let you: Quickly locate costs through the searchable RSMeans database Instantly adjust the data to your specific location for accurate costs anywhere in the U ...
Chapter1 Basic Calculations RSMeansBuilding Construction Cost Data (BCCD) is the most widely used reference book for estimating construction costs in the United States and Canada. The costs for each construction item are broken down into the components of material, labor, equipment, and overhead and prot. The book also contains square foot costs by project type. The square foot cost data must be adjusted to t ...
Construction Terminology Cheat Sheet Planning Assignable Square Footage (ASF) Usable square footage within a physical space (measured from finished wall to finished wall). Addendum (Addenda) Written information adding to, clarifying or modifying the bidding documents. An addendum is generally issued by the owner to the contractor during the bidding process and as such, addenda are intended to become part of the contract documents when the ...
Construction cost estimates: reconciling, comparing and relating your estimate to another independent estimate Ramani Sundaram, CCP CEP MRICS PMP It is likely that two independent cost estimators will come up with two different costs, even when given the same set of project documents for pricing. Estimating is an art as well as a science, so no two estimates will be precisely the same. When independent ...
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