Arnold L. Holm
Principles and techniques for estimating commercial construction projects including a mock bid day exercise on a commercial construction project. Prerquisite: CM 331; CM 332. Offered: A.
Somewhat from the Catalog: Introduction to the Principles, practices, and techniques used for estimating commercial construction projects including a mock bid day exercise on/for a complete commercial construction project cost estimate. The pre-requisites of this course include, but are not limited to the following:
Student learning goals
Proficiency in: Quantity Take-Offs; Direct GC Labor Estimating using Productivity and Wage Rates Market Driven Material Pricing for Direct GC Work; Use of Data Bases; Bid-Day Procedures
Competency in: Subcontractor ROM Estimating and Bid Analysis; Budget Estimating; General Conditions Estimating; GMP Estimating, Proposals, and Presentations
Awareness of: Fee and Markup Strategies; Different Types of Contingencies and their Strategies; Other Types of Estimates; Computer Cost Estimating
General method of instruction
CM 410 is a participative “lab” in that the basis for the course is a short lecture to be lead by instructor, student participation in class discussions, in-class exercises, and outside research and homework. Considerable outside course time will be necessary to review contract documents, develop detailed estimates, and obtain current market pricing. The Friday Lab sessions will be used to incorporate many elements into an estimating software program. Topics presented concurrently in CM 411, Project Controls, and CM 333, Safety will be incorporated into this course as well.
The pre-requisites of this course include, but are not limited to the following: Understanding of Construction Means, Methods, and Materials, CM 313; Ability to Read and Understand Construction Documents, CM 320; Satisfactory Completion of Estimating I (CM 331). If you are missing this, you are behind and should meet with the instructor; Completion of Internship; Concurrently taking Planning, Scheduling, and Controls (411) and Safety (333)
Class assignments and grading
The student will work individually and later as a team to prepare two complete commercial estimates for $2+/- million construction projects. Detailed take-off techniques, labor estimates using work hours, analysis of subcontractor pricing, development of general conditions, and fees will all be covered. This course will be primarily presented from the viewpoint of the mid-size commercial general contractor. Differences with other types and sizes of firms will be discussed.
Grades will be determined utilizing the CM Department grading scale. There will be weekly deliverables, individual and team estimates, presentations, and a final examination. Point allocations will be discussed during the first day of the quarter.