Construction Cost Estimating and Cost Control

Professor Odeh describes the course and provides an overview of what will be covered. Also covered is an introduction to Construction Cost Estimating and Cost Controls.

Ian Taylor, project manager for Turner and Townsend, introduces the stages of design in a construction project.

Professor Odeh describes the types of cost estimates in a construction project. Also covered in this module are the tools and methods used to create estimates.

James Sneath, Associate Director of Cost Management for Turner and Townsend, discusses pricing, labor costs and equipment costs. Topics include, cost materials, formwork, reinforcing steel and concrete. Money component and productivity component is discussed in labor costs, as well as estimating equipment costs.

James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., illustrates how to build an estimate. Sneath does a deep dive into a schematic design project.

James Sneath, Associate Director of Cost Management for Turner and Townsend, discussed the procurement stage of a construction projects and they typical involvement of a cost manager or cost estimator.

Professor Odeh introduces construction cost control and the work segments contained in a project.

In this module, Professor Odeh goes deeper into the Earned Value Method of Cost Control.

Ian Taylor, Project Manager at Turner and Townsend, Inc., introduces cost management close out and punch-list review.

Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.