Introduction
Cost estimation is a fundamental aspect of industrial construction, ensuring that projects remain within budget while maintaining efficiency and quality. This beginner-level course introduces participants to fundamental cost estimation principles, covering key cost components, basic quantity take-off techniques, and budget forecasting. Participants will learn how to develop accurate and reliable cost estimates using structured methodologies and practical applications.
Date
Day | Time | Price | Country |
|---|---|---|---|
Mon – Wed | 8:00 – 10:00 | $5/hrs | Turkey |
Tue – Thu | 18:00 – 19:00 | $5/hrs | Turkey |
Wed – Fri | 20:00 – 21:00 | $5/hrs | Turkey |
Sat – Sun | 18:00 – 19:00 20:00 – 21:00 | $8/hrs | Turkey |
This Training Course Will Highlight
- Core principles of cost estimation in industrial construction.
- Understanding key cost components: materials, labor, and overhead.
- Introduction to measurement standards and quantity takeoff techniques.
- Basic budget forecasting and financial planning.
- Practical exercises and case studies from industrial projects.
Objectives
- Develop a foundational understanding of cost estimation in industrial construction.
- Learn how to measure quantities and prepare cost estimates.
- Identify the impact of material, labor, and equipment costs.
- Gain knowledge of cost estimation software and digital tools.
- Apply cost estimation techniques to real-world industrial scenarios.
Training Methodology
- Instructor-led theoretical sessions with interactive discussions.
- Hands-on exercises for cost estimation and measurement techniques.
- Introduction to cost estimation software tools and spreadsheets.
- Case studies from industrial construction projects.
- Group discussions and collaborative learning activities.
- Final assessment and feedback session.
Organizational Impact
- Improved accuracy in cost estimation and project budgeting.
- Enhanced financial planning and resource allocation.
- Reduction in project cost overruns and financial risks.
- Strengthened collaboration between cost estimators and project managers.
- Increased efficiency in procurement and cost management.
Personal Impact
- Strong foundational knowledge of cost estimation methodologies.
- Improved skills in performing quantity takeoff and material costing.
- Increased confidence in handling construction cost assessments.
- Hands-on experience with estimation software.
- Better career prospects in cost estimation and quantity surveying.
Who Should Attend?
- Junior quantity surveyors and estimators.
- Engineering students and fresh graduates.
- Site supervisors and construction project assistants.
- Procurement and finance personnel in construction.
- Entry-level construction managers.
- Industrial facility planners and cost controllers.
- Anyone interested in learning cost estimation fundamentals.
Course Outline
Day 1
Fundamentals of Cost Estimation in Industrial Construction
- Introduction to cost estimation and its importance in industrial projects.
- Key cost components: materials, labor, equipment, and overhead.
- Overview of industry standards in measurement and estimation.
- Types of cost estimation methods (preliminary, detailed, parametric).
Day 2
Quantity Take-off and Material Cost Estimation
- Principles of quantity takeoff for industrial projects.
- Understanding material costs and waste management.
- Unit rate pricing and cost calculations.
- Introduction to cost estimation spreadsheets.
- Practical material quantity estimation.
Day 3
Labor and Equipment Cost Estimation
- Labor productivity rates and wage calculations.
- Estimating workforce requirements for industrial projects.
- Equipment rental vs. ownership cost analysis.
- Factors affecting labor and equipment costs.
- Estimating labor and equipment costs.
Day 4
Cost Estimation Software and Digital Tools
- Overview of industry-standard cost estimation software.
- Introduction to Building Information Modeling (BIM) for estimation.
- Using digital tools for automated quantity takeoff.
- Generating cost reports and project cost summaries.
Day 5
Budgeting and Cost Control Fundamentals
- Basics of budgeting in industrial construction.
- Monitoring and tracking project expenses.
- Managing cost variations and unexpected changes.
- Identifying and avoiding common estimation errors.
Cancellation policy
no refund is accepted
Certificate
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