Cost Estimating: Fundamentals
Engineers, architects and contractors are often asked to prepare cost estimates when working on a new project. This 1-hour interactive online course takes you through the process discussing where, in the various stages in project development, cost estimates are made. Through illustrations, you will consider different methods of cost estimating, the level of project detail required for each, and when the use of each method is indicated. You will understand the uncertainties associated with a bid due to level of detail available and the economics of inflation. You will learn to recognize these uncertainties and include contingencies and adjustments for inflation. For those who are new to cost estimating, this course is an introduction. You may find yourself going over sections more than once. For the experienced Estimator, you will find this course a guide and a reference as the only way for any Estimator to improve is to practice what they have learned. Move on through this course and into the field of cost estimating. ATTN: This educational offering is recognized by the Minnesota Department of Labor and Industry as satisfying 1 hour of credit toward the required continuing education.
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Frequently Asked Questions
What operational challenges does this course address?
This course addresses evolving technical practices, tools, and professional expectations across the AEC industry related to Cost Estimating: Fundamentals. Engineers, architects and contractors are often asked to prepare cost estimates when working on a new project. This 1-hour interactive online course takes you through the process discussing where, in the various stages in project development, cost estimates are made.
What real-world situations or incidents is this training designed to prepare personnel for?
The training is designed to prepare personnel for day-to-day project decisions and workflow challenges shaped by new technology, tools, and industry practices associated with Cost Estimating: Fundamentals. Engineers, architects and contractors are often asked to prepare cost estimates when working on a new project. This 1-hour interactive online course takes you through the process discussing where, in the various stages in project development, cost estimates are made.
What safety or compliance concerns does this course help organizations address?
This course helps organizations address professional development and continuing-education expectations tied to AEC licensure and practice standards tied to Cost Estimating: Fundamentals. It supports stronger awareness, more consistent practices, and better day-to-day decision-making on real municipal AEC projects.
Which personnel or departments would benefit most from this training?
This training is most relevant for architects, engineers, and other AEC professionals advancing their technical and professional skills, along with organizations seeking to strengthen knowledge, consistency, and role-specific readiness connected to Cost Estimating: Fundamentals.
How can this course support department readiness, consistency, or professional development?
This course can support department readiness and professional development by keeping technical knowledge current and supporting stronger professional growth across AEC teams related to Cost Estimating: Fundamentals.
How does this course fit into a broader training program?
This course fits well within a broader training program focused on ongoing professional development and continuing-education for AEC teams. It can be used to support onboarding, refresher training, continuing education, and more consistent performance across municipal AEC teams.
