Estimation & Costing

An Estimation and Costing Course equips learners with the skills to calculate the cost and resources required for construction projects. It combines technical knowledge with practical tools to ensure efficient project budgeting and resource allocation.

Learners

1000

Certifications

1000

Instructors

Courses published

"Innovative Training for a Smarter Tomorrow – At Home or In-Class"

– Vaibhav Mandilkar

Expert Software Trainer

Course Structure

1. Introduction to Estimation and Costing

Fundamentals of estimation and its importance in construction.
Overview of direct and indirect costs.
Types of estimates: Preliminary, detailed, and revised estimates.

2. Quantity Takeoff

Techniques for measuring quantities of materials, labor, and equipment.
Study of construction components: Earthwork, concrete, masonry, and finishes.
Tools: Use of Quantity Takeoff software and manual methods.

3. Rate Analysis

Understanding cost components: Material, labor, and overheads.
Determining unit rates for construction activities.
Use of standard schedules like CPWD or local government guidelines.

4. Cost Estimation Techniques

Preparing detailed estimates for residential, commercial, and industrial projects.
Contingency, escalation, and depreciation calculations.
Budgeting and financial planning for construction projects.

5. Software Training

Learning tools like MS Excel for estimation templates.
Introduction to specialized software: PlanSwift, AutoCAD for estimation, and CostX.
Real-life project simulations and case studies.

6. Valuation

Techniques for property valuation and depreciation.
Market survey and rate analysis for property assessment.
Preparing valuation reports

Career Opportunities

Quantity Surveyor
Estimator
Cost Engineer
Construction Manager
Valuation Consultant

Top Estimation & Costing Tools for Career Opportunities

Revit Architecture

Purpose: Revit Architecture helps in creating precise building models, which can be directly used for quantity takeoff and cost estimation by extracting material quantities and generating accurate cost data from the BIM model.
Applications: Utilized for estimating the quantities of materials, labor, and costs required for a construction project by linking detailed building models with cost databases and estimation tools.
Demand: In demand for its integration with various estimation software (e.g., CostX, Bluebeam) and its ability to provide real-time updates on material quantities and project costs as design changes occur.
Roles: Essential for Quantity Surveyors, Cost Estimators, BIM Coordinators, and Project Managers involved in cost planning and budgeting in construction projects.

Quantity Takeoff

Purpose: Quantity Takeoff is the process of extracting quantities of materials, labor, and resources required for a construction project from drawings or 3D models, helping in accurate cost estimation and budgeting.
Applications: Commonly used in construction, civil engineering, and architecture for preparing detailed bill of quantities (BOQ), cost estimates, and material lists to support bidding and project planning.
Demand: In high demand for its role in reducing project costs, preventing material wastage, and improving the efficiency of construction project management.
Roles: Key for Quantity Surveyors, Estimators, Cost Engineers, and Project Planners responsible for material procurement, budgeting, and overall project cost control.

Estimation & Costing

"Innovative Training for a Smarter Tomorrow – At Home or In-Class"

Course Structure

1. Introduction to Estimation and Costing

2. Quantity Takeoff

3. Rate Analysis

4. Cost Estimation Techniques

5. Software Training

6. Valuation

Career Opportunities

Top Estimation & Costing Tools for Career Opportunities

Revit Architecture

Quantity Takeoff

"Don’t wait for the perfect moment—create it! Start your career with us today."

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