Unearth past and current estimation methods and standards in the construction industry. Interpret contracts to develop basic unit rates. Calculate project estimates, review quotations and prepare tenders. Control profit margins and manage overheads.
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- 26 Aug 2019
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At the completion of this subject students will be able to:
- apply the process of estimating and the techniques used by construction contractors in preparing a tender
- interpret contract documents in order to develop basic subject rates
- apply basic rates to calculate project estimates
- analyse sub-contractor quotations and synthesise into a tender document.
- Introduction to Construction Estimating
- Roles and types of construction estimates
- Sources of data for construction estimating
- Building-up rates: earthwork
- Building-up rates: concrete work
- Building-up rates: masonry
- Building-up rates: painting and finishing
- Estimates, tender and schedules
- Estimating for risks and uncertainties
- Estimates, tender analysis, payment mechanisms and cashflow forecasts
- Computer applications for estimating
- Discussion forum/Discussion Board
- Online assignment submission
- Standard Media
- Web links
- Printable format materials
- Online Assessment
- Resources and Links
Note: Level 3 subjects normally assume a moderate level of prior knowledge in the area, eg from completing all Level 2 subjects or relevant experience.
No special requirements
The history and development of estimating methods and principles used in contracting organisations. Strategic estimating areas such as tender preparation, the use of builder's bills of quantities, obtaining and checking sub-contractor quotations, pricing preliminaries and determining margins for profit and overheads.
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Find out more about the Academic Integrity module.
- Invigilated Exam (50%)
- Assignment — Estimating exercise (20%)
- Presentation (10%)
- Report (20%)
Textbooks are not required.
Bachelor of Applied Science Construction Management
- Level 1 Open Subjects
- Level 2 Subjects
- Level 3 Subjects
- Level 4 Subjects - Professional
- Level 4 Subjects - Honours