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CEM-804 Construction Cost Estimating and Control
Campus SCEE (NIT)
Programs PG
Session Summer Semester 2016
Course Title Construction Cost Estimating and Control
Course Code CEM-804
Credit Hours 3-0
Course Objectives Course Objectives:
 The role of estimating in construction contract administration. Types of estimates. Unit costs and production rates; job costs. Preparing bid for complete building project using manual methods and the CSI format; checking quantity take-off and cost estimating in selected divisions using a computer package.

Course Outcomes: At the end of the course, participants should have:
  • The ability to prepare a project budget and relate the budget to a Bill of Quantities
  • the ability to prepare a feasibility cost estimate
  • knowledge of how to control costs
  • knowledge of how to accommodate risk in cost estimating
  • knowledge of broad principles and processes of construction cost estimating
  • knowledge of elements of price and build up of cost from first principles
  • an appreciation of the difference between cost, value and waste
Detail Content
  1. Introduction.
  2. Budget Estimates.
  3. Preconstruction Services Estimate.
  4. Pre-Estimate Activities.
  5. Quantity Take-Off.
  6. Pricing Self-Performed Works.
  7. Estimating Sub-Contractor Works.
  8. Estimating General Conditions.
  9. Completing the Estimate.
  10. Unit Price Estimates.
  11. Guaranteed Maximum Price Estimates.
  12. Fee Determination for Negotiated Contracts.
  13. Cost Proposals for Negotiated Contracts.
  14. Government Institution Practices.
  15. B.O.Q & M.B.
Text/Ref Books
  1. Peurifoy, Robert and Oberlender, Garold. (2002). Estimating Construction Costs. McGraw-Hill.
Time Schedule Summer Semester 2014
Faculty/Resource Person TVF