Construction Management and Materials

4.

Construction Cost Estimating and Management

4.1.

Cost Estimating Fundamentals

4.1.1.

Purpose and Importance of Estimating

4.1.2.

Estimating Accuracy Levels

4.1.3.

Estimating Process Overview

4.1.4.

Documentation and Record Keeping

4.2.

Types of Cost Estimates

4.2.1.

Conceptual Estimates

4.2.1.1.

Order of Magnitude Estimates

4.2.1.2.

Parametric Estimating Methods

4.2.1.3.

Cost per Square Foot

4.2.1.4.

Accuracy Ranges and Applications

4.2.2.

Preliminary Estimates

4.2.2.1.

Assembly-Based Estimating

4.2.2.2.

Systems Estimating

4.2.2.3.

Adjustments for Project Complexity

4.2.3.

Detailed Estimates

4.2.3.1.

Unit Price Estimating

4.2.3.2.

Quantity Takeoff Methods

4.2.3.3.

Labor Productivity Analysis

4.2.3.4.

Equipment Cost Analysis

4.3.

Cost Estimate Components

4.3.1.

4.3.1.1.

4.3.1.1.1.

Material Takeoff Procedures

4.3.1.1.2.

Material Pricing and Sourcing

4.3.1.1.3.

4.3.1.1.4.

Delivery and Handling

4.3.1.2.

4.3.1.2.1.

Labor Hour Estimation

4.3.1.2.2.

Wage Rates and Benefits

4.3.1.2.3.

Labor Productivity Factors

4.3.1.2.4.

Crew Composition

4.3.1.3.

Equipment Costs

4.3.1.3.1.

Equipment Selection

4.3.1.3.2.

Ownership Costs

4.3.1.3.3.

Operating Costs

4.3.1.3.4.

Rental vs. Purchase Analysis

4.3.2.

4.3.2.1.

Job Site Overhead

4.3.2.1.1.

Temporary Facilities

4.3.2.1.2.

Site Utilities and Services

4.3.2.1.3.

Project Management Staff

4.3.2.1.4.

Safety and Security

4.3.2.2.

General Overhead

4.3.2.2.1.

Home Office Expenses

4.3.2.2.2.

Administrative Costs

4.3.2.2.3.

Marketing and Business Development

4.3.3.

Profit and Contingency

4.3.3.1.

Profit Margin Determination

4.3.3.2.

Contingency Planning

4.3.3.3.

Risk-Based Contingencies

4.4.

Cost Control and Management

4.4.1.

Budget Development

4.4.2.

Cost Baseline Establishment

4.4.3.

Cost Tracking and Reporting

4.4.4.

Variance Analysis

4.4.5.

Earned Value Management

4.4.5.1.

4.4.5.2.

4.4.5.3.

4.4.5.4.

Cost Performance Index

4.4.5.5.

Schedule Performance Index

4.4.5.6.

Estimate at Completion

4.4.6.

Cash Flow Management

4.4.6.1.

Cash Flow Projections

4.4.6.2.

Payment Scheduling

4.4.6.3.

Working Capital Requirements

4.4.7.

Change Order Management

4.4.7.1.

Change Order Pricing

4.4.7.2.

Cost Impact Analysis

4.4.7.3.

Change Order Documentation

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