Preconstruction Estimating & Budgeting Seminars
The preconstruction budgeting and estimating process has become increasingly complex. Today, owners face more construction project delivery options than ever before. In order to provide owners with the services they request, contractors, subcontractors and design professionals must be able to provide their services under a variety of scenarios. Each construction project has inherent opportunities, benefits, risks and pitfalls. How can the respective parties in the construction project management process take advantage of the opportunities and benefits available? What steps can each party take to avoid common estimating and budgeting pitfalls and reduce risks inherent in the construction process?
This half day program will benefit all persons who want to have a better understanding of today’s complex preconstruction budgeting and estimating process. It will examine the roles, responsibilities and perspectives of the parties. Our attendees will learn the techniques for preconstruction budgeting and estimating of every construction project needs. Our faculty will cover an overview to the process of estimating and budgeting, document control and what pre-construction services you should be looking for.
- Proactive risk management
- Development of Construction Cost Estimates
- Value engineering practices and procedures
- Managing construction costs
Preconstruction budgeting and estimating learning objectives:
- The attendee will be able to discuss the cost estimating process.
- The attendee will be able to describe tools for accuracy and efficiency.
- The attendee will be able to explain how to prepare and present the budget.
- The attendee will be able to compare the various types of delivery systems for construction projects and determine which system is more appropriate for their given conditions.
- The attendee will be able to recognize subcontractor qualification forms.
Possible continuing education credit
- PMI 6.5
- CPE 8.0 including Management Advisory Services 8
- AIA 6.5
- IACET 0.65
- CSI 0.65
- TX RE
- TX ENG 6.5
Who should attend?
This half-day seminar is designed for project managers, presidents, vice presidents, owners, engineers, controllers, accountants, contract managers, architects, purchasing professionals, estimators, facilities managers, contractors, subcontractors, developers, principals, insurance professionals and other construction professionals.
I. Preconstruction and Estimating Overview
A. Organizing the Process
B. Tools for Accuracy and Efficiency
II. Estimating and Budgeting Process
A. Project Definition and Program
B. Design Cost Model
C. Types of Estimates
D. Sources of Cost Data
III. Document Control
A. Bid Documents
B. Subcontractor Qualifications Forms
C. Supplementary Conditions
IV. Preconstruction Services
B. Value Analysis
C. Design Management
D. Risk and Resource Management
Disclaimer: These seminars are intended to be a source of general information on specific topics. The interpretation and application of these seminars’ contents may vary from project to project depending upon, but not limited to the executed contract, the parties’ actions or inactions, or other contemporaneous project documents. While the information in these seminars are intended but not guaranteed to be accurate, no representations or warranties are made, express or implied, that this information is correct, complete, or up-to-date.