Construction Cost Analysis and Management

Catalog description

An introduction to direct cost estimating for construction projects. The estimating techniques covered include quantity take-off, labor productivity, and pricing (labor, material, and equipment). Drawings, sketches, and specifications are used as a basis for developing quantities involving site work, concrete, masonry, steel, carpentry, and finishes. Students also use software tools to aid in developing takeoff quantities. Different estimate structures and various types of estimates are examined. Direct and indirect construction costs are explored along with approaches for estimating overhead costs and profit. Topics include a logistical study of pre-construction cost analysis and construction management procedures, including conceptual estimating, project cost analysis and control, value engineering, life-cycle costing, feasibility studies, project financial and economic modeling, and quantitative risk analysis techniques. Students may receive credit for only this course or CVET-561 , not both.