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    3. Construction Cost Estimation With Practical Example

    Construction Cost Estimation With Practical Example

    Posted By: ELK1nG
    Date: 12 Oct 2023 11:01:08
    Construction Cost Estimation With Practical Example

    Construction Cost Estimation With Practical Example
    Published 10/2023
    MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
    Language: English | Size: 632.36 MB | Duration: 1h 0m

    Estimating construction project costs

    What you'll learn

    Introduction

    Project Estimation with Real project

    What Is Cost Estimation

    Cost Estimation Methedology

    Man Power Wedges Calculation

    Equipment Cost

    Material Cost

    Selling Price

    Requirements

    Basic Ideas about Cost Estimation

    Description

    Welcome to my Course Master in Construction Cost Estimation.This course is an integral part of the Master's program in Cost Estimation, providing students with a comprehensive understanding of estimation principles, methodologies, and practical applications. Cost estimation plays a crucial and multifaceted role in the construction industry due to its profound impact on project success, financial stability, and decision-making.Cost estimation is the process of approximating the monetary value of resources, materials, labor, and other expenses required to complete a project, produce a product, or deliver a service.cost estimation in construction is vital for effective project management, financial planning, risk mitigation, and informed decision-making. It ensures that construction projects are executed within budget constraints and helps prevent financial setbacks that can arise from unexpected cost overruns.Cost estimates serve as a benchmark for monitoring and controlling project costs during construction. Regular cost tracking and analysis help identify deviations from the estimate, allowing for timely corrective actions.Accurate cost estimates contribute to project efficiency by preventing delays caused by budget shortages or unexpected cost overruns.Upon completion of this course, students will possess a solid foundation in cost estimation principles, methodologies, and practical skills, making them well-prepared for complex estimation challenges across diverse industries.Good Luck.

    Overview

    Section 1: Introduction

    Lecture 1 Introduction

    Section 2: Cost Estimation

    Lecture 2 Introduction

    Lecture 3 What is Cost Estimation

    Lecture 4 Cost Estimation Methodology

    Lecture 5 Deterministic Estimation

    Lecture 6 Classes

    Lecture 7 Man Power Wages

    Lecture 8 Material and Equipment Cost

    Lecture 9 Selling Price

    Engineers,Estimators,Quantity Surveyors,Cost Managers,Cost Professionals
    UPWARDS